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VIE Communities Launches $929 Million VIE HALO Mixed-Use Project in New Cairo

Architectural rendering of the VIE HALO mixed-use development in New Cairo, Egypt, featuring commercial, office and hospitality buildings.

Egyptian-Emirati real estate developer VIE Communities has launched VIE HALO, a mixed-use development in New Cairo with planned investments of up to EGP 50 billion (approximately $929 million). The project has already generated sales exceeding EGP 6 billion during its early-launch phase.

Located within the Zomra East development along North 90th Street, VIE HALO will cover approximately 200,000 square metres. The development is planned as an integrated destination combining commercial, office, hospitality, medical and entertainment facilities.

The project will feature retail outlets, restaurants and cafés, alongside office buildings with unit sizes ranging from 33 sqm to 4,065 sqm. Commercial spaces will range from 80 sqm to 546 sqm, catering to businesses of different sizes.

A key component of VIE HALO will be a hospitality tower rising up to 20 floors. It will include branded serviced residences operated under an international hospitality brand, although the developer has not yet identified the brand.

Strategic Partnership Behind VIE HALO

The development is being undertaken through a strategic partnership between VIE Communities and Nations of Sky, the real estate development arm of Future of Egypt for Sustainable Development.

VIE Communities CEO Haitham Samir said the project forms part of the company's strategy to create integrated mixed-use destinations serving residential, commercial and hospitality demand.

Vice Chairman Tarek Soliman noted that the launch follows the company's entry into the Egyptian market through VIE Collective, another development in New Cairo spanning 186 feddans.

VIE Communities was established through an Egyptian-Emirati investment alliance involving Future of Egypt for Investment and Development, Glamour Jewellery and Damas Real Estate. The alliance has announced combined investments of EGP 150 billion (approximately $2.8 billion).

Nations of Sky is currently developing 11 real estate projects across the North Coast and East and West Cairo. Its portfolio includes Jirian, Batal on the North Coast, Zomra East in New Cairo, ORB serviced residences in Sheikh Zayed and SkyRidges in East Cairo.

The developer has not yet disclosed VIE HALO's construction schedule, expected completion date or main contractors.

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