Egyptian-Kuwaiti developers, Emeel Abdallah Investments, and First Group are set to invade the Egyptian market with major projects, Invest-Gate reports.
Emeel Abdallah, chairman of Urbnlanes, the real estate development agent of the Emeel Abdallah Group and Kuwaiti First Group, one of the largest companies in contracting, reveals the launch of the company’s business in the Egyptian market within days and the announcement of the company’s administrative and commercial projects and its expansion strategy through the implementation of specialized and multi- use projects between commercial and administrative in a number of new cities with a different idea and vision.
The new projects fall in line with the country’s orientation in building sustainable cities and facilities, within the framework of the company’s plan to be present in the Egyptian market with a different concept in order to complete the group’s activity in the Egyptian market, which is specialized in building and constructing major trade and administrative centers, and high-rise towers in both Egypt and Kuwait.
Abdallah notes that the company will launch 11 projects within four towers in Maadi, three administrative buildings in Sheraton among others in many vital districts.
He adds that Urbnlanes is the latest group company among seven other working in different fields of construction, engineering construction and contracting, which will specialize in real estate development based on the strength and solvency of the group and its experience in construction that exceeds 36 years in Egypt and Kuwait. The group implemented major projects, including huge commercial and administrative malls and high-rise towers exceeding 44 floors, in addition to 13 major projects -currently under construction- to have a total of 60 projects.
The chairman explains that the huge trade centers and towers, which the company intends to implement in Egypt during the coming period, target a certain type of clients and meet the needs of large and multinational companies.
Abdallah concludes that the company’s new vision depends mainly on making a real difference in real estate development during the coming period by providing a luxurious real estate product with all services to provide a healthy work environment, and to maintain the trust and credibility that the group gained during its years of work in Egypt.