Empire State Developments plans to launch a new project in the New Administrative Capital (NAC) next July, Invest-Gate reports.
Mahmoud Elsarrag, chairman of Empire State Developments says that the project will include competitive advantages that will help market the project strongly as soon as it is announced, stressing that the company’s choice to launch its first project in the real estate market in NAC due to the project’s distinction as a national project implemented by the state with high-quality standards.
Moreover, Elsarrag notes that the NAC project has managed to attract the attention of local and foreign investors, given the project’s strong investment advantages. Besides, the state is implementing the city with all its capabilities and at accelerated rates, in addition to providing the project with all facilities to support investments in it.
“The company’s main strategy focused on directing with the state in its investments and development of new cities in new areas that the development process did not reach before,” Elsarrag discloses, highlighting that, “The company started its first project in the new capital, and its expansion plan extends to cities of Galala and New Alamein in line with the state development plan.”
Additionally, he points out that the company’s board structure includes diverse experiences of Egyptian and Arab investors, developers, and construction workers for up to 32 years, explaining that based on their expertise, they managed to implement several major projects in the real estate market inside and outside Egypt.