Manara Developments announced the launch of Bella Vento resort over 65 feddan in Ain Sokhna’s Galala with EGP 4bn investments.
Manara company is interested in executing projects in the 4th Generation cities, in line with the state’s overall development and construction plan, because it believes that the private sector and the state should work hand in hand to carry out the state-sponsored 2030 Development Plan,” board member Mahmoud Omar said.
Omar noted that the company has already started construction works at its Galala-based project and was keen to execute up to 40% of Bella Vento before kicking off the pertinent marketing campaign so as to attest to its earnestness and satisfy clients, as the first phase of the project is scheduled to be delivered late 2022.
Bella Vento consists of residential units with varied spaces and specifications together with lofty services to ensure the compound is throbbing with life all year long.
Bella Vento resort is made up of 1,100 fully-finished units subdivided into chalets and villas with spaces ranging from 100 sqm to 220 sqm with prices averaging EGP 18,500 per sqm. Additionally, Bella Vento contains a tourist hotel, a social club, entertainment and commercial services, along with green spaces and landscaping, he added.
He explained that selecting Galala city to host the resort reflects the developer’s firm belief in its investment opportunities and the availability of vigorous state-built infrastructure and amenities such as roads, desalination plants, in addition to developmental projects that add value to any investment projects in the city like universities, schools, administrative institutions, hotels and diverse entertainment and industrial projects.
Further still, the city includes Tiba District and the first Olympic city ready to host any state-sponsored sporting events, not to mention the largest aqua parks and a marina for yachts.
In the meantime, Manara Developments is holding negotiations to get a plot of land at New Alamein within its Egyptian market’s expansion plan, Omar concluded.