Naya Development Company has declared its readiness for the full expansion of its projects 'Naya Bay' and 'Naya West' by 2026, five years after its establishment. During this period, the company has achieved remarkable growth and tangible accomplishments in the Egyptian real estate sector.
This phase represents a strategic turning point in the company's journey, as it has successfully developed the 'Naya Bay' project in the Ras Al-Hikma area on the North Coast, and the 'Naya West' project in Sheikh Zayed City. Through these projects, the company aims to create integrated residential communities that adhere to the highest standards of quality and innovation, ensuring the establishment of long-term relationships with clients and partners.
Event Details
Engineer Hisham Al-Danasouri, the CEO and Chairman of the company, stated that 'Naya' has succeeded in establishing itself as a distinguished real estate developer in the Egyptian market, thanks to its commitment to quality and innovation standards. He noted that the company was among the first developers to enter the Ras Al-Hikma area, reflecting its strategic vision in site selection.
The company's current strategic plan includes supporting the state's efforts in urban development and expanding in East Cairo, in addition to exploring expansion opportunities outside Egypt. 'Naya' continues to adopt the latest construction and architectural technologies, implementing smart home systems, and offering innovative designs for residential, administrative, and commercial units.
Background & Context
The 'Naya Bay' project has achieved a notable milestone, with the completion rate of the first phase reaching 95%, with unit deliveries scheduled for 2025. The project is expected to be operational and ready to welcome clients in 2026, reflecting the company's ability to adhere to timelines and turn plans into reality.
Meanwhile, the 'Naya West' project has also made significant progress, with the completion rate of the first phase reaching 90% and the establishment of 100 units. The first phase is scheduled for delivery in 2026, coinciding with the commencement of the project's operations.
Impact & Consequences
As part of its strategic partnerships, the company has signed an agreement with the global Accor Group to operate a Swissôtel-branded hotel within the 'Naya Bay' project, making it the first hotel to be operated in the Ras Al-Hikma area. This enhances the investment and tourism value of the project.
The company has also contracted with Crystal Lagoons to create crystalline lakes within the project and collaborated with Fairmont Nile City to manage and operate the beachfront destination, elevating the level of hospitality and entertainment services offered.
Regional Significance
'Naya' has collaborated with specialized consulting firms such as ÖKOPLAN and Al-Ghoneimy Engineering Consultancy, enhancing the quality of design and engineering. The company has also strengthened its digital infrastructure through a partnership with Vodafone Egypt to provide high-speed internet services, supporting the concept of integrated smart communities.
'Naya' asserts that these achievements reflect the success of its strategy based on commitment, quality, and innovation, noting that the past five years have witnessed significant transformations in business volume and the level of partnerships.