By: Abdallah Bedier
Cairo – Mubasher: MG Developments has pumped EGP 400 million in the first and second phases of its Blue Blue Resort El Sokhna since the beginning of the project in 2016 as part of EGP 2 billion investments distributed over the four phases of the project, as well as the villas phase.
The property developer has completed 80% and 60% of the first and second phases of the project, Aya El‐Shenawy, marketing manager at MG Developments, said, adding that the company has begun the construction of the third phase since last January.
The first phase is scheduled to operate in September 2018, and to open in April 2019, El-Shenway remarked, pointing out that the real estate developer has started building a mall, water tanks, and desalination plants.
The villas phase is set to be inaugurated soon, on which clients will be able to begin reservation, she indicated.
The marketing manager emphasised that about 95% of the first phase and 85% of the second phase have been sold, adding that the property developer is preparing for the third phase sales.
Located at the wind turbines area in Ain El Sokhna, Blue Blue Resort El Sokhna spans 30 acres plot of land (120,000 metres).
The project features 12,000 metres water bodies designed by E_MAC, in addition to a Club House, a restaurant on the beach, a 360-metre Marina, and a kite Surfing Center.
Translated by: Mai Ezz El-Din
