Business

Urbnlanes Developments to Begin Operations at EGP 12 Billion Midlane Project by Q1 2027

Urbnlanes Developments, a subsidiary of Egypt- and Kuwait-based Emeel Abdalla Investments, has announced plans to begin operations at its flagship mixed-use development, Midlane, by the first quarter of 2027.

Located in New Cairo, the EGP 12 billion Midlane project spans over 40,000 square meters. According to the company’s CEO Shady Abdullah, the five-storey development is engineered to integrate administrative offices, prime commercial retail outlets, and specialized medical facilities.

Alongside the operational timeline for Midlane, Urbnlanes Developments continues to accelerate construction across its diversified portfolio.

The company has completed 60% of construction work on Levels, a 37-storey tower in the New Administrative Capital built on a 12,000-square-meter footprint with investments totaling EGP 8 billion.

Furthermore, construction has reached 25% on NOI, a New Cairo development designed to deliver 900 serviced apartments.

The developer is also gearing up for key delivery milestones at its expansive Yellow project in New Cairo. Residential deliveries—comprising 1,200 units spread across 22 buildings—are scheduled to commence by late 2027.

The project also features a 50,000-square-meter commercial zone encompassing 20 buildings, 300 serviced apartments, and a 200-key hotel operated by Crowne Plaza.

Looking ahead, Urbnlanes Developments is preparing to expand into the hospitality and coastal real estate sectors with a planned 430-acre development on the North Coast.

To support its ongoing expansion, the company committed EGP 4 billion to construction expenditures in 2026, with plans to elevate construction spending to EGP 10 billion in 2027.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button