CGD Development Kicks off Glouvre Side Business in NAC

CGD Development Kicks off Glouvre Side Business in NAC

CGD Development launches Glouvre Side Business project in the NAC, with EGP 500 mn investments, Invest-Gate reports.

Khaled El Sallab, chairman of CGD Development, says that the company implements various projects between residential, commercial, and service within 30 years. Moreover, the company aims to offer a prominent real estate product by launching Glouvre Side Business.

Additionally, CGD Development seeks to provide different and unique real estate products in order to meet the customers’ needs. The company also provides after-sales services to maintain the confidence of customers.

El Sallab believes that investing in the NAC is an opportunity for developers due to the strong turnout of clients, which will grow in tandem with the high implementation rate of projects there.

For his part, Ahmed El Ghoroury, managing director of CGD Development, explains that all details of Glovery Side Business project are carefully studied in order to present a project that considers the strong competition standards in the NAC. This, in turn, supports the company’s plan to provide competitive advantages in the project, like Lighting Reflectors that maintain the highest standards of sustainability and energy savings in the project. Furthermore, the project is already implemented before being launched to customers.

Glouvre Side Business is located in the Downtown area, near the government district and the presidential palace, minutes away from the financial and business district, the Green River, and the regional ring road. The project features a unique design, inspired by one of the architectural designs of the international designer Zaha Hadid.

In a similar vein, Ahmed Samir, vice chairman of CGD Development, says that the project has two views, one on the western axis of the Downtown and the other on the Central Park. The project consists of a ground floor, 12 floors, and a four-floor underground garage, one of them is hydraulic. Alike, the project has many entrances to both the administrative and commercial parts to provide more privacy and sustainability.

The company contracts with engineering consultant Mohamed Talaat as a project consultant. CGD Development also contracts with MRB company to be a consultant for the operation and management of the project, follow up on all designs and service points, and review the activities in the commercial units to achieve integration between them.

Mohamed Abdel Azim, a member of the board of directors and project manager, indicates that the project will be delivered according to the agreed schedule with clients.

Likewise, Hossam El Ghoroury, CEO of CGD Development, says that the company’s expansion plan in the coming period targets commercial and service projects in the NAC and New Cairo. Also, the company plans to implement commercial and mixed-use projects in New Cairo and the NAC in 2022 with investments of EGP 700 mn.


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