Located 100 km southwest of Cairo in a fabulous location overlooking the historic lake of Qarun, two luxury residential communities are planned at Byoum and Al Roboua, in Al Fayoum. In 1998 the Group acquired land rights initially belonging to the Government of Egypt for a residential real estate development project at Al Fayoum. The area of land available for development is 1.08 million sqm. The Al-Roboua project offers 36 stand-alone villas in traditional Nubian style with all supporting amenities. During the third quarter of 2008, Byoum, a new residential real estate project, was launched, covering 446,507 sqm of the land available and offering real estate units, a 4-star hotel, a beach club, a hunting lodge, a pier and commercial areas.