Royal One Developments announces that the construction rate of the “Capital Prime Business Park” project in the New Administrative Capital (NAC) reaches 40%, Invest-Gate reports.
Sherif Shaalan, chairman of Royal One Developments, discloses that reaching this construction rate comes in line with the stipulated timetable to implement and deliver the project. Additionally, it supports the company’s credibility and strong financial solvency.
He adds that this rate complies with President Abdel Fattah El Sisi’s directives of not to market any project before implementing 30% of it, which supports the state’s plan to regulate the real estate market, preserve clients’ money, and ensure the presence of companies with technical expertise and strong financial solvency, stressing the importance of this directive in the current urban development in Egypt.
Capital Prime Business Park is a commercial, administrative, residential, hotel, and medical project. It encompasses 61 administrative units with areas starting from 43 sqm, 45 commercial units with areas starting from 38 sqm, and 21 medical units with areas starting from 22 sqm.
Additionally, Shalaan elaborates that the project will be delivered within three years, besides, Raef Fahmi Architects is the engineering consultant of the project.
He further asserts that NAC provides many investment opportunities for the real estate market, which has led to the emergence of a new generation of developers who have the opportunity to build experiences and expand in urban development in the coming period.