Edge Stone Developments has announced the launch of its new project in its distinguished Moraya Residence project in New Administrative Capital’s R8 district. This phase includes competitively priced units for the launch phase, with attractive payment plans up to 8 years. The units are fully finished and come with air conditioning. The company plans to begin the first deliveries of the project within two years.
Tarek Zain, CEO of Edge Stone Developments, stated that the launch of this new phase comes in response to the increasing demand from clients. This is especially true given the high completion rate of the project and the upcoming delivery date.
Additionally, clients are seeking distinguished projects and real estate developers with extensive experience, a strong record of accomplishment, and robust financial capability, all of which are attributes found in the Moraya project by
Edgestone developments
Zain added that the company has successfully reached 70% completion in the construction of the Moraya project, which spans 25 acres in the R8 district, with a total investment of EGP 3bn. Over 80% of the project’s area has been allocated for green spaces and recreational areas to ensure the highest level of quality of life and luxury for the clients.
He explained that the project includes 33 buildings, each with a ground floor and seven stories, as well as parking areas and cafes by the lagoon and more areas for family gatherings around the kids hassle free safety. The project boasts the largest artificial lake in the New Administrative Capital and comprises 1,050 units.
The project is strategically located, just 5 minutes from the Green River, the monorail station, and the Bin Zayed Axis. Additionally, it offers parks, walking areas, an international SPA, a sports club, smart gates, and parking spaces.
He pointed out that the R8 district is one of the most prestigious residential neighborhoods in the New Administrative Capital, spanning 2,500 acres. This district overlooks the Green River directly and is conveniently located near the New Administrative Capital Airport, the monorail station, the downtown area, and the regional ring road. The area is also distinguished by the availability of services such as educational institutions, medical centers, and sports clubs.
He highlighted that Edge Stone Developments is an extension of the parent company, Edge Stone Group, one of the leading Egyptian firms in the field of contracting and construction. The group was founded by Eng. Zein Lamey and Eng. Tarek Zain, and it has branches in Germany, the UAE, and Saudi Arabia.
He explained that the company’s track record spans three sectors: infrastructure, industrial construction, and urban development. In the first sector, the company has executed 120 projects across various parts of the country, ranging from roads and utilities to projects supporting sustainable development. In the second sector, industrial construction, the company has successfully built six factories on an 18-acre area in Wadi El-Natrun.
The third sector is urban development, where the company has developed over 27,000 square meters with total investments amounting to 8 billion EGP. This includes 11 residential projects in 6th of October City, three projects in Badr City, and two residential compounds on a 17-acre area in New Cairo. Additionally, the company has established its headquarters in New Cairo, he elaborated.
He further added, “The company has more than 400 employees and 500 workers in its entire system. Additionally, it owns diverse significant assets, including a cement brick and block factory, a complete central concrete station, a fleet of over 50 vehicles to serve the company’s departments, and fully integrated industrial workshops.”
He concluded that the company holds a land portfolio totaling 150 acres, located in various promising areas, including the North Coast and Mostakbal City, among others. The company plans to launch a new project on a portion of this land portfolio before the end of this year.
