Stone Residence New Cairo
Stone Residence is the second residential component of the "Stone" project; it is an important corner that fully completes the integration concept of the "Stone" project with a total land area of 460 Fadden.
Stone Residence is a residential compound of high class buildings, occupying a prime location along the ring road within just 20 minutes from Cairo International Airport and 10 minutes away from AUC campus.
Stone Residence encompasses 142 blocks, embracing 462 buildings with each building containing 8 apartments, offering flexible apartment spaces that range from 128m to 275m.
Rooya Group, founded in 2007 as an offshoot of TIBA for R.E. Development; founded by Engineer Hisham Shoukri in 1997, is one of the country’s fastest growing holding companies in the fields of Tourism & Real Estate Development, Investment & Contracting, as well as Consultancy; with investments of more than US$ 3 billion, a working capital worth over EGP 2 billion & a land bank of over 9 million m².
Chaired by Eng. Hesham Shoukri who has over 20 years experience. Rooya Group owns 13 companies including TIBA Company, Okoplan and Rooya for Development of Real Estate and Tourism. Rooya boasts unique developments & resorts such as the astonishing La Vista 1 & 2 in El Sokhna & El Patio 1 & 2 in New Cairo.
In a recent development in March of 2015, Pioneer bought 60% of Rooya and in June 2015 two funds joined Rooya namely EgyCap Investment Ltd. and Castle Property Company Ltd.
Thus, the total ownership structure of Rooya is 52.2% Pioneer, 34.6% Hesham Shoukri, 8.8% EgyCap Investment Ltd. and 4.4% Castle Property Company Ltd.
Rooya pioneers in providing elegance, uniqueness & innovation in its projects that include Telal EL Sokhna, an outstanding resort with an incredibly pure 6 km sea shore & consists of more than 2000 luxurious villas & chalets & two unique hotels. With over EGP 4 billion invested, this 2.5 million m² resort is only 150 kms from Cairo.
Lying on a million m² area, the fully operational Telal EL Alamein consists of more than 1000 luxurious villas & chalets, enjoying a 1.5 kms beachfront with an investment of over 2 billion pounds.
Consisting of over 1400 villas, a hotel & landmark office towers, Stone Park is an investment of over EGP 14 billion on a 2 million m² area on the ring-road in Kattameya, new Cairo.
The remaining land bank is currently under development in the 6th of October city, Marsa Allam & the North Coast.