Skywalk Developments launched its first project in the Egyptian market in Sixth of October city, west Cairo with investments exceeding EGP 8bn on 280,000 sqm, in partnership with a group of Arab and foreign investors.
Khaled Rasekh, president of Skywalk Developments, said that the Skywalk West project is a mixed-use project and is the first project of the company under the same name. The project was launched some time ago in the Egyptian real estate market.
Rasekh added that the company has launched the first phase of the business park within the project for reservation, noting that the project has also been designed differently to suit the nature of different companies and guarantees privacy.
“Skywalk project aims to be the heart of the new Egypt tourism capital due to its strategic position providing ease of accessibility and proximity to various significant locations and its proximity to the Mehwar exit and the Cairo – Alexandria Desert Road. It is in close proximity to and in the centre between the new Sphinx International Airport and the Grand Egyptian Museum as well as the Pyramids,” he explained.
The company is formed by an Egyptian, American and Gulf Private Equity firm that operates a global diversified real-estate group with brokerage and financial arms in the US, Middle East, and North Africa.