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SOROUH EXPANDS FURTHER TO INTERNATIONAL MARKETS

Friday, 10 Oct 2008

Sorouh Real Estate PJSC, a leading Abu Dhabi company for property development, announced recently that it has seen major progress with regards to the development of its property in Egypt and Morocco. One property in Egypt belonging to the company, situated 25 kilometres from the city centre in Cairo, is set to provide visitors seeking accommodation in Egypt an integrated neighborhood that is conveniently located very close to all core amenities.

CEO of Sorouh, Mounir Haider, says, “Sorouh is creating dynamic property developments in both existing and emerging markets, where we are in full control of our developments.” This property will allow people the convenience of living, working, and playing within a balanced environment that is completely community-orientated. For added convenience, the property is also situated a mere 20 minutes from the Cairo International Airport, giving residents an easy route to the GCC and other destinations around the world.

Sorouh’s new property in Egypt will have the capacity to house 40,000 people and will afford residents an amalgamation of residential, commercial, entertainment and retail amenities. Health and education are also provided for by means of hospitals and schools situated within the community, and at least 80% of the land in the region is destined for landscaping, to provide the perfect environment for leisure and relaxation.

Over and above its property in Egypt, Sorouh is making major headway on its new development in Morocco, the Atlas Garden Resort. The resort will include various accommodations to cater for almost every need, including 1,968 units for residents consisting of townhouses, villas and apartments, a 5-star hotel with 300 rooms, a 4-star hotel with 200 rooms, and an apartment complex consisting of 350 units, as well as a large amount of shop space and a club for sports lovers.