Al Maqsad is a large-scale development project located in the New Capital of Egypt. The project is a joint venture between Saudi Arabia’s Al Maqsad Investment Company and Egyptian real estate developer, SODIC.
The project is set to span an area of approximately 1,000 acres, and will include a variety of residential, commercial, and entertainment offerings. The residential component of the project will include villas, apartments, and townhouses, with a variety of sizes and price points to suit a variety of budgets. The commercial component of the project will include office buildings, retail spaces, and a hotel. The entertainment component of the project will include a variety of leisure and recreational facilities, such as a cinema, a sports club, and a golf course.
The project is still in its early stages of development, but it is expected to be completed by 2022. The project is expected to be a major driver of economic growth in the New Capital, and will be a major addition to the city’s real estate sector.