DIG has launched its sixth project in the New Capital’s Downtown, “Track Rev,” aiming to revive the concept of downtown Cairo as the state continues to develop the new capital with an organized and modern layout, Invest-Gate reports.

Hussein Salah, Chairman of DIG, stated that Track Rev project covers an area of 4,000 sqm, comprises G+11 floors, and includes commercial, administrative, and medical units with investments totaling EGP 3.4 bn.

He emphasized the importance of closely monitoring the project’s implementation and announced that DIG has contracted AUE Consultants as the project’s general consultant. Salah noted that the company has completed approximately 30% of the project’s construction.

He pointed out that Downtown Cairo has historically been one of the country’s most successful areas, as evidenced by its neighborhoods since their inception. The state is now introducing a new concept for Downtown Cairo, encompassing a larger area that presents a significant opportunity to create a modern, integrated urban space.

Hany Helmy, DIG’s Vice Chairman, mentioned that the company is investing approximately EGP 20 bn in Downtown New Administrative Capital, believing in the region’s potential and its blend of historical strength with a forward-looking vision.

DIG is also implementing projects Track10, Track12, Track14, Track20, and Track15, in addition to its sixth project, Track Rev. Helmy noted that the company is focusing on accelerating construction rates across all its projects, with completion rates currently reaching approximately 40%.

For his part, Mohamed Fawzy, Board Member and CEO of DIG, emphasized that “history repeats itself,” asserting that DIG Capital is the new extension of Downtown Cairo at its heart.

He highlighted that Downtown Cairo holds great promise for investors, both developers and clients who have chosen to invest in this area.

Fawzy also emphasized that the current period represents an opportune time to invest in real estate, especially amid significant economic turmoil, rising gold prices, and ongoing conflicts between major economic blocs. He noted that real estate remains the best and safest investment solution during these times.