Marakez, a leading Saudi real estate developer, has announced the launch of its latest project, Compound District 5 in New Cairo, Egypt.

Spread over an area of 50 acres, Compound District 5 is a mixed-use development that offers luxurious apartments, villas, townhouses and duplexes. The development is located in the heart of New Cairo, a suburb of the bustling city of Cairo, and is surrounded by lush greenery and open spaces.

Marakez says that Compound District 5 has been designed to provide a sophisticated and modern lifestyle, and offers residents the opportunity to enjoy a range of amenities and services. The development includes a large club house with a gym, swimming pool, and spa, as well as a retail center, a supermarket, a pharmacy, and a multiplex cinema.

In addition, the development is designed to be sustainable and eco-friendly, and features a number of green spaces and parks, as well as solar panels and other energy-saving features.

“Compound District 5 is a unique and innovative development that offers a new level of luxury and comfort,” said Ahmed Badrawi, CEO of Marakez. “We are committed to delivering high-quality projects that meet the needs of our customers, and we are confident that this development will be a great success.”

The launch of Compound District 5 comes as part of Marakez’s ongoing expansion in Egypt, where the company is currently developing a number of other projects, including Mall of Tanta, Mall of Mansoura, and Mall of Cairo.

Marakez has a proven track record of delivering successful projects in Egypt, and is known for its commitment to quality and innovation. With Compound District 5, the company is set to raise the bar for luxury and comfort in Egypt’s real estate market.