PARAGON | ADEER Plan $1.4B Project in Mostakbal City
The Saudi-Egyptian alliance’s project, Sumou Boulevard, is touted to be one of the region’s premier mixed-use destinations.
Egyptian-Saudi alliance, PARAGON | ADEER is planning a $1.4 billion (EGP 70 billion) mixed-use development in East Cairo’s Mostakbal City.
The project, named Sumou Boulevard, is being developed as one of the Middle East’s premier mixed-use destinations, showcasing the alliance’s commitment to an integrated development model designed for the next generation.
PARAGON | ADEER will act as the developer for the project, which is planned as a comprehensive renewal ecosystem spanning over 500,000 square meters within Mostakbal City to integrate living, working, culture, and entertainment.
Mostakbal City is one of the largest urban expansion zones in East Cairo and forms part of wider plans to expand residential, commercial and mixed-use developments across the area as Cairo continues to grow eastward.
The $1.4 billion project reflects growing cross-border real estate investment between Egypt and Saudi Arabia, particularly in large-scale urban developments linked to Cairo’s expanding satellite cities.
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