Golden Town Development announced the start of unit handovers at its debut project, The Fort, in the New Capital, Invest-Gate reports.

The move coincides with the onboarding of several major franchise brands within its developments — a first in the Downtown area — as the company aims to build a fully integrated investment environment that boosts market value and delivers maximum returns to clients.

Raafat Maher, Chairman of Golden Town, said, “The decision to invest in the New Capital was a winning strategic bet for the company, given the unprecedented growth opportunities and direct government support. The capital has become the smartest and most attractive investment destination in Egypt and the Middle East, particularly with its mix of residential, commercial, administrative, and medical developments.”

Golden Town currently owns four key projects in prime locations across the capital: The Fort, Cascada, Dinero Tower, and Ouro Towers, all near landmarks such as the monorail, Al Masa Hotel, Misr Mosque, and the Iconic Tower.

Maher added that total investments in the capital are nearing EGP 15 bn. “In an unprecedented achievement in the capital, the company is executing four major projects simultaneously,” he said. Construction at Cascada has surpassed 55%, while excavation has begun at Dinero Towers and Ouro Towers under the supervision of Dr. Moharram Bakhoum.

He also revealed that Golden Town is preparing to launch its fifth and largest project soon.

“Each phase of completion is a new commitment to our clients. Big surprises are coming and will be announced exclusively to Golden Town clients,” he said.