Hamdy Ahmed _ STM Investment launched the "Kayan City" project, one of the largest integrated cities in Egypt, spanning an area exceeding 22,000 acres in New Cairo.
The city encompasses a number of residential, commercial, administrative, educational, healthcare, sports, entertainment, and hospitality zones, comprising 40,000 residential units and two hotels with a total capacity of 1,000 rooms.
Targeted Sales for the First Phase Stand at EGP 200 Billion over 5 Years
The city offers fully finished residential units equipped with complete utilities, ready for immediate delivery and occupancy. The company targets achieving sales exceeding EGP 200 billion in the first phase of the launch over five years.
Eng. Shady Selim, CEO of STM Investment, stated that the city aims in its first phase to accommodate approximately 250,000 residents, with its capacity increasing upon the completion of various development phases.
Selim added, during a field visit organized by the company to the project today, Sunday, that the master plan of the city includes an integrated ecosystem of facilities and services, including 3 hospitals and 18 schools and nurseries offering Egyptian and international curricula, among which are "North Gate International School", the "Egyptian-Japanese School", and the "Egyptian-German School".
He continued, "The city also houses Kayan University over an area of nearly 140 acres comprising 6 faculties, along with 5 commercial malls, most notably 'Kayan Plaza' Mall, and 7 sports clubs and facilities, including 'Kayan Equestrian Club' and 'Leeds', 'Karma', and 'Kayan' clubs."
He pointed out that the city is already vibrant and ready for living, as from the outset an approach based on the actual operation of the city's service components was adopted in parallel with completing the development phases.
Meanwhile, Abdel Rahman El-Gohary, Vice Chairman and Managing Director of STM Investment, stated that the company is keen on building strategic partnerships with major real estate development companies in the Egyptian market within the city.
El-Gohary added that among the most prominent partnerships were those with La Vista and Mountain View to develop their residential projects within "Kayan City", noting that the company looks forward to expanding these partnerships and attracting more major real estate developers to develop diverse projects inside the city.
It is worth noting that STM Investment is a multi-activity investment company operating in the sectors of real estate development, commercial and administrative mall management, education, sports, technology and smart infrastructure, facility management and operation, and hospitality. Its real estate portfolio includes various residential projects, including "Mayan New Cairo", "Mayan El Shorouk", and "Eleven New Cairo".
