Golden House for Real Estate Investment announces that it has penned a contract with KAD Commercial Property Management to manage the Rio Complex project in New Cairo, with a total investment of EGP 600 mn, Invest-Gate reports.

Rio Complex project spans over an area of 1,600 sqm, and it includes about 108 different units that have a privileged position in New Cairo.

Hadi Shandi, CEO of Golden House, states that the project is delivered in partnership with renowned Egypt’s developer Diar Al-Mostakbal.

During a press conference, Shandi comments, “In order to maintain the services of the new project at high levels, we cooperated with KAD to manage our project and its administrative budgets.”

Golden House has developed an expansion plan during the next period that includes focusing on the implementation of its current projects, as well as developing a number of different activities projects in order to satisfy the demands of its customers, Shandi emphasizes.

Furthermore, Shandi reveals that the units of the projects will be delivered by the end of 2022, adding that his company intends to launch a number of new projects in different areas across the country soon.