Rwabet Developments has officially entered the Egyptian real estate market with the launch of its first project, Sela Business Hub, located in the Financial District of the New Administrative Capital, Invest-Gate reports.

Mohamed Magdy, Head of the Marketing Sector, stated that Rwabet aims to deliver a distinguished real estate product that adds value to the market and establishes the company’s reputation as a key player in the industry.

Moreover, Magdy emphasized that selecting a prime location was crucial to differentiating Sela from other projects. Situated in one of the most prestigious areas of the Financial District, Sela offers direct views of major banking institutions, including the Central Bank, Bank of Egypt, Cairo Bank, National Bank, and Agricultural Bank, as well as the Telecommunications Company (WE) and the Post Office.

Furthermore, the Sela project is an integrated administrative hub covering 6,000 sqm, featuring a ground floor and seven additional floors, housing 300 administrative offices with spaces starting from 50 sqm. The project represents an investment exceeding EGP 4 bn.

Also, Magdy outlined Rwabet’s expansion plans, which include directing investments toward New Cairo, Shorouk, and Sheikh Zayed City, with further ambitions to establish a strong presence on the North Coast. He hinted at the upcoming launch of an integrated residential project in Sheikh Zayed City, which will serve as the foundation for future developments.

Notably, Rwabet Developments aims to become a leading name in the Egyptian real estate sector, setting the stage for its long-term growth and influence in the market.