Artal Developments launches STRIDE Mixed-Use project in New Cairo with investments 12 billion LE

In a significant step towards enhancing its position in the Egyptian real estate market, Artal Developments, one of the leading companies in the Egyptian real estate market, has announced the launch of its latest commercial, administrative, and medical projects in New Cairo, “STRIDE”.

This promising project is part of the company’s vision to develop an integrated work environment that combines advanced infrastructure and modern services, making it one of the most prominent projects recently announced in New Cairo.

The project is strategically located on the main northern 90th Street in the fifth settlement, considered a vital center for commercial and administrative activities in the region. With a main facade of approximately 240 meters, the project enhances its distinctive commercial vision and places it at the heart of economic activities in the region.

The total area of the project reaches 13,600 square meters, with a huge built-up area of 57,200 square meters, carefully distributed to ensure the provision of commercial, administrative, and medical workspaces that meet the current market requirements. The project will be developed in four consecutive phases to ensure the delivery of each phase according to the highest technical and construction standards, with deliveries starting in 2028.

The ambitious “Stride” project is part of a strategic partnership between Artal Developments and the Saudi BaBader Group, a Saudi-Egyptian partnership aimed at enhancing investment cooperation between the two countries in the real estate sector. This partnership is evidence of the mutual trust between Egypt and Saudi Arabia in the ability of the two companies to deliver distinctive mixed-use project that meets market needs and achieve long-term investment value.

Initially, Engineer Maher Taha, CEO of Artal Developments, expressed his great happiness on this occasion, saying: “We are proud to launch this project, which represents the culmination of our continuous efforts in delivering modern and distinctive real estate projects. This project not only strengthens Artal’s presence in the Egyptian market but also opens up new horizons for cooperation with our partners in Saudi Arabia, reflecting the growing confidence in the Egyptian market as an important investment destination in the area.”

Maher Taha added: “We have ensured that the project offers innovative real estate solutions that meet the needs of companies and institutions looking to expand their operations in one of the fastest-growing areas in New Cairo. We believe that this project will contribute to a qualitative leap in the real estate development sector in Egypt.”

The CEO of Artal Developments continued, stating that the project features a distinctive architectural design that combines modernity with commercial efficiency. The mixed-use project includes commercial and administrative units of various sizes, providing investors and business owners with flexibility in choosing spaces that suit their needs. Furthermore, the project is designed to include modern medical facilities, making it an ideal destination for medical institutions and hospitals seeking to expand in New Cairo.

The company has been keen on providing all elements of sustainability in the project in line with the state’s directions. Stride is distinguished by advanced security systems including camera surveillance and fire alarm systems. It boasts parking spaces accommodating a large number of cars, facilitating the movement of visitors and employees. Green spaces and landscapes contribute to creating a comfortable and attractive working environment. Advanced infrastructure includes central air conditioning systems and high-speed internet. Additionally, the company always pays attention to the minute details of the project and forms strategic partnerships with a large number of major specialized companies, top consultants, and consulting firms to ensure the realization of the client’s aspirations and to facilitate the task of integrated investment seekers. Soon, several partnerships will be announced, confirming the company’s attention to every detail.

STRIDE project is one of the major mixed-use projects that Artal Developments aims to implement in the coming period, reflecting its expansion strategy in the Egyptian real estate market. Particularly, the significant investment allocated to the project, amounting to 12 billion LE, highlights great confidence in the Egyptian real estate sector and its ability to achieve lucrative returns for investors.

With the commencement of STRIDE project in New Cairo, it is expected that the real estate market in the region will witness further growth and prosperity. Especially considering that North 90th Street is one of the most important economic axes in New Cairo, attracting increasing interest from investors and companies. The new project will enhance the area’s value, provide new job opportunities, and stimulate the local economy.

The project is expected to attract the interest of local and international companies and institutions looking to benefit from the stable economic environment in Egypt and promising growth opportunities in the real estate market. Engineer Maher Taha, CEO of Artal Company, added that the STRIDE project represents one of the company’s successes spanning over 27 years and will significantly contribute to boosting business activity in the area. Carefully designed to become an integrated civilized destination, the project aligns with the company’s vision of creating a vibrant community that meets the needs of all family members.

The launch of this mixed-use project by Artal Developments in collaboration with Badr of Saudi Arabia is a significant step towards achieving the company’s goals of delivering distinguished real estate projects that align with the requirements of the modern Egyptian market. With a strong focus on quality and innovation, Artal aims to present a project that stands out as one of the prominent real estate projects in New Cairo, solidifying its position as one of the leading companies in this sector alongside having a Saudi partner with a strong reputation in the Saudi market, which confirms the company’s financial capability to execute and commit to all details to make the project a real destination and the beginning of new distinguished projects in Egypt.

Artal Developments Company, established over 27 years ago, has become one of the leading companies in developing integrated real estate projects. With a rich history of successful projects, the company enjoys an excellent reputation in the Egyptian market and always seeks to achieve client satisfaction by delivering projects that meet the highest quality standards.