El-Shennawy Group (SG) will launch its first real estate project in the financial district in the New Administrative Capital (NAC) soon, and will announce details at the official launching next week, Invest-Gate reports.

Farag El-Shennawy, founder and chairman of SG, expresses the to the high potential and great value of the NAC as a national project, which expands the Egyptian economy.

“The company possesses financial and technical solvency that enhances its ability to launch its first project successfully, and the start of subsequent projects which will leave a comparative imprint for the company in the real estate sector,” El-Shennawy assures.

It is worth noting that the group worked on many projects with companies of both the public and private sectors, and succeeded in fulfilling its obligations and commitment towards its long list of clients including most notably the ministries of Defense, Tourism and Housing, and from the private sector Orascom.

The real estate developer has contributed in implementing a large number of national infrastructure projects, such as bridges, dams, pipelines, road networks, ports, gates and railways.