Squares Developments has revealed its plans to launch its third real estate project

in the New Administrative Capital, boosting its sales target to EGP 23 billion This move

is part of the company’s robust expansion strategy and its unwavering confidence in the

growth potential of Egypt’s New Capital, which is rapidly emerging as one of the largest

smart cities in the region

Expanding Squares Developments’ Presence in New Capital

Eng Talaat Gorgous, Chairman of Squares Developments, emphasized that the new project

will be an extension of the company’s successful ventures in the New Administrative Capital

He noted that the city has become the top destination for real estate investment in Egypt

driven by a dynamic urban and economic transformation With the introduction of this third

project, Squares Developments will expand its portfolio in the New Capital to five projects, with

a combined sales target of EGP 23 billion. The project will feature an innovative architectural

concept that balances modern design with functional space efficiency, offering a product that

combines investment value and quality to meet the current market demand

“This new project will stand out as an exceptional choice for clients seeking unique and high-quality

developments in the New Capital,” Eng Gorgous state

Highlights of Previous Successful Projects in the New Capital

Eng. Hany Gorgous, Vice Chairman of Squares Developments, shared that the

company’s Remeny Project, located in the MU23 area, is a mixed-use development

that includes residential, hotel, commercial, administrative, and medical units Spanning

7,000 square meters, the project sits next to the Sports City and overlooks the Al-Amal Axis

The company has adopted a strategic marketing approach for the Remeny Project, ensuring

price stability and consistent construction progress In addition, Squares Developments owns

the West View Project, located on the Western Axis in the Downtown area of the New Capital

Covering 3,700 square meters, this mixed-use development features commercial, administrative

and medical units, highlighting the company’s commitment to delivering varied real estate solutions

that meet diverse customer needs

Commitment to Quality and Transparency in Real Estate Development

Eng Mina Maher, Board Member and General Manager of Squares Developments, emphasized

the company’s unwavering commitment to executing projects with the highest standards of

quality and transparency He confirmed that the company is working at full capacity to deliver

landmark developments that align with the Egyptian government’s urban growth plans

We are dedicated to providing real estate products that cater to the needs of various customer

segments while contributing to the overall development of the New Capital,” Eng Maher added

A Legacy of Success in Real Estate Development

Eng Talaat Gorgous brings over 40 years of extensive experience in real estate development

both in Kuwait and Egypt His successful career includes his leadership of House Building

Developments, a pioneering firm that has delivered a strong portfolio of projects in areas

like Nasr City and New Cairo