Starlight Developments for Real Estate and Tourism announced the signing of a partnership contract with Gama Construction Company worth EGP 2 billion to start the construction work of Katameya Coast on the North Coast across an area of 205 feddans.
Eng. Sherif Aboutaleb, CEO of Starlight Real Estate and Tourism Development said, “Once we obtained the official approvals from the Urban Communities Authority and settled the service fees for the Katameya Coast project, we contracted the pioneering local and international construction companies, to start building the project in line with the Government’s direction to further develop the North Coast”.
Commenting on the partnership from his side, Eng. Salah Ghobrial, CEO of Gama Construction Company said “We are pleased to work with Starlight Developments, a leading real estate developer with profound reputation in the Egyptian market. We believe that the “Katameya Coast” project will be a strong addition to Gama’s rich portfolio”. Ghobrial added “Gama’s diverse experiences in the construction sector will ensure a smooth execution of the project according to the highest international standards”.
The Katameya Coast project is located on the 180 km Alexandria-Matrouh Road in the North Coast, on a total area of 205 feddans with a total of 770 units spaced out on 7 levels of an elevated plot of land to give all units a direct view of the sea.
Furthermore, Aboutaleb added, “The infrastructure works for the Katameya Coast have been completed. We have paved the land in preparation for the construction work of the first phase, in which all 434 units have been sold. This reflects our customer’s confidence in our leading brand, and in respect of that, we affirm our commitment to deliver all units within 42 months of starting the construction work.”
Aboutaleb added, “In conjunction with the start of construction work for the residential units of the project, work is underway to complete the rest of the project’s services, which includes a boutique international hotel with hotel serviced apartments, as well as health and social clubs and a luxury commercial area for restaurants and shops called Coastal Village.”
In response to the increasing demand from customers for the unique units of Katameya Coast, Aboutaleb announced that “Starlight Developments has opened the door for reservations for the second phase, built on an area of 105 feddans with a total of 336 units, with each unit overlooking a 2km crystal lagoon executed by SAOTA International.
Gama Construction is a leading company with over 30 years of experience in the field of engineering and construction. Gama covers a broad range of sectors including buildings, industrial and infrastructure. The company has witnessed a massive expansion in its portfolio as a result of its world-class standards and its sharp focus on client’s satisfaction. All this was achieved by delivering the best solutions in accordance with clients’ needs whether in private or public sector and managed by Gama’s team of professionals who aim at achieving the company’s long-term goals both on a local and an international level.