Salam Properties plans to deliver nine projects in New Damietta City

Salam Properties has announced its expansion strategy for 2026, emphasizing faster project execution and portfolio diversification. Chairperson Walid ElDeeb stated the company aims to deliver more than nine projects in New Damietta City, covering residential, commercial, and medical developments.

Salam Properties recently outlined its 2026 goals as a pivotal operational phase in New Damietta City, where several projects are approaching completion. According to Chairperson Walid ElDeeb, these initiatives will bolster economic activity and enhance the city's service infrastructure.

ElDeeb explained that commercial projects are intended to offer spaces for business and investment opportunities, while medical developments will help broaden healthcare access. The plan also encompasses phases of residential projects providing housing integrated with essential services.

ElDeeb stressed that sticking to delivery schedules is crucial for fostering client trust, as execution performance serves as a key measure of a developer's market sustainability. The company's strategy rests on three core pillars: boosting targeted sales volumes, speeding up the implementation and handover of current projects, and introducing new developments in strategic locations.

Furthermore, Salam intends to broaden its real estate portfolio across residential, commercial, administrative, and medical sectors, incorporating flexible payment options to match market dynamics. The firm is also enhancing its marketing channels and partnerships to attract a wider array of investors and clients.

ElDeeb noted that Salam conducts thorough market analyses for forthcoming projects to align them with demand in emerging cities, all while upholding high standards in design, services, and construction quality.

Makala yanayohusiana

Egypt has launched the second phase of developing the Ataba area in Cairo, as part of a government strategy to modernize urban markets and upgrade infrastructure in key commercial districts. Minister of Local Development and Environment Manal Awad announced the phase is fully funded under the ministry's investment plan.

Imeripotiwa na AI

Egypt's Prime Minister Mostafa Madbouly has ordered the immediate implementation of the "Medical Capital City for Hospitals and Educational Research and Training Institutes" following directives from President Abdel Fattah Al-Sisi. Madbouly described the project as a significant addition to Egypt's future, providing a qualitative shift in national health services. The initiative spans 221 feddan with 18 institutes and a national university for medicine accommodating 4,000 students.

Housing Minister Sherif El-Sherbiny announced an investment of EGP 4.7bn in 70 infrastructure and service projects across Atfih and Al-Saff districts in Giza Governorate, as part of the presidential Decent Life (Haya Karima) initiative. Prime Minister Mostafa Madbouly, accompanied by senior officials, toured sites on Tuesday to monitor progress in water, sewage, and healthcare developments.

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Madinet Masr has signed a memorandum of understanding with Forward Contractors for construction works worth EGP 1.45bn at its Sarai development in East Cairo. The deal covers building 95 residential villas in the Rai project within Sarai, set for completion by the end of 2027. This partnership supports the company's strategy to expand residential options, develop its land assets, and speed up project delivery while following sustainable urban standards.

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