STM Investment announced the start of Kayan City, a mixed-use development in East Cairo spanning more than 22,000 feddans.
- The first phase will offer about 40,000 residential units, two hotels with 1,000 rooms and a range of commercial, educational, healthcare and recreational facilities.
- Sales from the initial offerings are projected to exceed EGP 200 billion within five years, with the phase designed for roughly 250,000 residents.
- Infrastructure includes three hospitals, 18 schools and nurseries, a 140‑feddan university, five malls, seven sports clubs, an 80‑feddan central park and a public‑transport network.
- CEO Shady Selim said service facilities are already operating, while Vice Chairman Abdel Rahman El‑Gohary highlighted partnerships with international consultants and developers such as Mountain View.
STM aims to integrate AI‑driven city management and high‑speed communications as the project expands.
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