التعمير

الوسم: the New Administrative Capital

  • New Jersey Developments completes the delivery of 3rd phase of Green Avenue project, reinforcing its commitment to clients

    New Jersey Developments completes the delivery of 3rd phase of Green Avenue project, reinforcing its commitment to clients

    New Jersey Developments has completed the third phase of its flagship project, Green Avenue, in the R7 district of the New Administrative Capital, underscoring its ongoing commitment to clients

    Eng. Girgis Youssef, Chairman of New Jersey Developments, stated that the completion of this phase reflects the company’s strategy of placing clients at the heart of its priorities

    He said that this milestone showcases the company’s vision to deliver fully integrated projects that provide the highest residential and investment value

    Youssef added that the fourth phase of the project is currently witnessing significant progress, paving the way for its timely completion and delivery to clients as scheduled

    He explained that Green Avenue is one of the company’s landmark projects, distinguished by its modern architectural design that combines elegance with functional efficiency

    The project is a fully integrated residential community that also includes a commercial component and a wide range of premium services, ensuring a high quality of life for its residents, he disclosed

    The company’s chairman noted that the company has successfully honored its commitments to clients despite market challenges

    He noted that Green Avenue enjoys a prime location in the R7 district of the New Administrative Capital, directly opposite the university and overlooking the tourist promenade

    The project enjoys proximity to some of the Capital’s most iconic landmarks, such as the Green River, the Grand Mosque, the Cathedral, Al Masa Hotel, the Government District, the Diplomatic District, and the Presidential Palace

    He pointed out that this commitment to execution and timely delivery reinforces New Jersey Developments’ position as one of the leading real estate companies in the New Administrative Capital, through projects that embody quality, reliability, and trust—reaffirming that client satisfaction is always the cornerstone of its journey and future plans

    Youssef explained that the fast-paced urban development in the New Administrative Capital, coupled with rising occupancy rates, reinforces the company’s plans to accelerate construction across its projects

    This approach is fully aligned with the Administrative Capital for Urban Development’s strategy to boost occupancy and drive the city’s urban growth, Youssef concluded

  • DIG launches its sixth project in the New Administrative Capital, “Track Rev,” at EGP 3.4bn investments

    DIG launches its sixth project in the New Administrative Capital, “Track Rev,” at EGP 3.4bn investments

    Hussein Salah: We aim to invest EGP 1.5bn in the New Capital’s projects by 2025

    Hany Helmy: We are investing EGP 20bn in the New Capital and have reached a 40% implementation rate

    Mohamed Fawzy: Track Rev is the new extension of downtown Cairo in the heart of the New Capital’s Downtown

     

    DIG has launched its sixth project in the New Capital’s Downtown, Track Rev, to revive the concept of downtown Cairo, as the state moves to develop the new capital with an organized and modern layout

    Hussein Salah, Chairman of DIG, said that the Track Rev project is located on an area of 4,000sqm, comprises of G+11 floors, and includes commercial, administrative, and medical units at EGP 3.4bn investments

    He emphasized that, believing in the importance of closely monitoring the project’s implementation, DIG contracted with AUE consultants as the project’s general consultant. He noted that the company has completed approximately 30% of the project’s construction

    He pointed out that Downtown Cairo has proven throughout the ages and in all countries to be one of the country’s most successful areas, as evidenced by the neighborhoods of downtown Cairo since their inception. The state is now introducing a new concept for Downtown Cairo with a larger area, which represents a great opportunity to present a modern, integrated urban area

    Hany Helmy, DIG’s Vice Chairman, said that the company is investing approximately EGP 20bn in Downtown New Administrative Capital, believing in the region’s strength and its desire to have a future that blends the strength of the past

    DIG is implementing projects Track10, Track12, Track14, Track20, Track15, in addition to its sixth project, Track Rev.

    He pointed out that the company is focusing on accelerating construction rates on all its projects, with completion rates reaching approximately 40%

    For his part, Mohamed Fawzy, Board Member and CEO of DIG, emphasized that history repeats itself, noting that DIG Capital is the new extension of Downtown Cairo, in the heart of Downtown Cairo

    He pointed out that Downtown Cairo holds great hopes and a promising future for its investors, both developers and clients who have chosen to invest in this area

    Fawzy emphasized that the current period represents an opportune time to invest in real estate, especially in light of the severe turmoil and the significant rise in gold prices, in addition to the ongoing conflict between major economic blocs. He noted that real estate is the best and safest solution during these times

  •  ICapital Developments launched its projects in Medley Business Park in the New Administrative Capital

     ICapital Developments launched its projects in Medley Business Park in the New Administrative Capital

    ICapital Developments, one of the leading companies in the Egyptian real estate market, announced the launch of its latest project, “Midly Business Complex,” in the heart of the Downtown area of the New Administrative Capital.

    This launch comes after a series of successes achieved by the company in the Egyptian real estate market after the Cloud 7 and Cloud 8 projects

    Engineer Mahmoud Abu Al-Khair, Chairman of the Company’s Board of Directors, explained that the company is continuing its successful journey by presenting a unique and distinguished project, “Medley Business Complex”, which is distinguished by its location and area of 2,700 square meters and a construction percentage of up to 30%

    The project consists of a ground floor and 13 floors of commercial and administrative units. The ground, first and second floors have been allocated for commercial activities, while the rest of the floors have been prepared to be fully finished administrative offices

    Mr. Mohammed Al-Iraqi, Vice Chairman of the Board of Directors, added that iCapital is keen to choose strategic locations for its projects, pointing out the unique location of Midly Business Complex, which is located in the heart of the capital, the Downtown area, and is in the middle of the western axis, making it steps away from all major services such as The monorail station, Al Masa Hotel, the Green River, and the tourist towers, in addition to 100% of the units overlooking the plaza and the main street directly

    The project provides a flexible payment plan extending over 10 years in equal installments and 10% down payment, and deliveries are scheduled to take place within four years

    Abu Al-Khair also said that the most important feature of the project is the loading rate, which does not exceed 30% Out of the company’s keenness to achieve the highest standards of quality and efficiency, the Chairman of the Board of Directors announced the contracting with ERA and CFM, affiliated with the Orascom Group, to manage and operate the project in accordance with the latest international standards

    Iraqi added that the project provides an ideal work environment for investors and entrepreneurs, as it provides a variety of services and facilities that ensure their comfort, including 3 underground floors designated for a car garage, two entrances to the project on the main street, elevators and escalators to serve the building, next to a meeting room. In every floor

    He also confirmed that the company exists to expand its real estate projects, as it implements residential, commercial and administrative projects in new cities such as the Administrative Capital, October, Sheikh Zayed, and Shorouk. The company also owns a large amount of land used for development during the specified period, which has led to a production volume of its business that has now exceeded 8 billion pounds

    It is worth noting that Engineer Mahmoud Abu Al-Khair is the Chairman of the Board of Directors of the Geder Group for Real Estate Development and the Chairman of the Board of Directors of I Capital Real Estate Development, and a member of the Board of Directors of the New Cairo and New Administrative Capital Developers Association. He also holds a membership in the Real Estate Investment Division of the Egyptian Chamber of Commerce, as well as a membership in the Egyptian Businessmen Association