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GDG targets EGP 11bn in sales from ‘The Novelist’ project by 2026-end
Islam Ghoneim, CEO of Ghoneim Developments Group (GDG), announced that the company is accelerating the development of The Novelist project in Upper Mokattam, positioning the area as one of East Cairo’s most promising emerging residential destinations. Spanning over 30 feddans, The Novelist includes 1,694 residential units with views of the New Mokattam Corniche and the Abdel Meguid Mahmoud Axis. However, Ghoneim pointed out that despite these advantages, Upper Mokattam lacks fully integrated residential developments offering a comprehensive lifestyle experience. In addition to residential units, GDG has dedicated 10 feddans of The Novelist to retail, office, and medical units fronting the Mokattam Corniche. Looking beyond Mokattam, GDG is preparing to expand into the tourism sector.
Source: Daily News Egypt February 22, 2026 16:43 UTC
