Egypt continues to attract foreign investments to support its economy, and the latest development is the Sun Capital project. This ambitious venture is being developed by Arabia Holding and Madinet Nasr for Housing and Development (MNHD) in the western region of Cairo.

Sun Capital is a compound that spans over 557 acres and will feature a mix of residential units, commercial and administrative areas, as well as numerous entertainment and sports facilities. The project is estimated to cost around EGP 14bn ($900m) and is set to be completed in four phases over the next five years.

The first phase of the project is already underway and includes 5,000 fully finished residential units with different sizes and designs to cater to various needs and preferences. The units range from one to four bedrooms and come with private gardens or balconies. In addition to the residences, the first phase will also feature six natural lakes, a sports club, and a commercial area with a shopping mall, restaurants, cafes, and more.

The second phase of the project will include a water park, a medical center, and a school, among other facilities. The third phase will feature a theme park and a sports academy, while the fourth phase will consist of a business district with office spaces and hotels.

The developers hope to attract both local and foreign investors and residents to the project, given its prime location and comprehensive services and amenities. Sun Capital's strategic location in the western region of Cairo makes it easily accessible from different parts of the city and beyond. It is also close to vital transportation hubs such as Cairo-Alexandria Desert Road, the Ring Road, and the Grand Egyptian Museum, which is set to open soon.

Sun Capital is just one example of Egypt's efforts to expand its real estate market and attract more foreign investments to the country. The Egyptian government has been implementing several economic reforms and policies to improve the business environment and encourage foreign investors to enter the market.

Despite the challenges posed by the COVID-19 pandemic, Egypt's real estate market has remained resilient, thanks to its vast potential and attractiveness to investors. The launch of the Sun Capital project is a definite indication of the country's growth and progress, and a step closer towards achieving its ambitious economic goals.