Harva Developments plans to invest EGP 3 bn in the next six months, with the intention to double those investments by 2025, Invest-Gate reports.
Omneya Awad, Board Member and Head of the Marketing Sector at Harva Developments, revealed that the company aims to undertake various projects in 6th of October, New October, Sheikh Zayed, October Gardens, and the North Coast.
Awad further mentioned that the company has initiated the launch of the “Alva Business Complex,” a fully commercial project spanning over 4,000 sqm. The complex, valued at EGP 1 bn, comprises a ground floor and two additional floors.
Situated in an important location within October Gardens, it benefits from proximity to Al-Wahat Road, Zewail Road, and the Zamalek Club. However, the area requires additional services, prompting Harva Developments to establish its project there.
The design of the Alva Business Complex was entrusted to Ray Designs, a reputable firm with extensive experience in designing commercial projects. Awad emphasized that the project will offer a distinctive shopping experience for the region, with competitive prices and flexible payment systems soon to be announced.
Awad confirmed that Harva Developments plans to launch its second project within three months, with details to be disclosed shortly. The company has additional projects in the pipeline as well.
Harva Developments was established through the combined expertise of prominent entities in the real estate market, namely Hussein Salah and Hani Helmy, founders of DIG and shareholders of West Way, in partnership with businessman Yasser Raslan. The collaboration aims to expand into diverse projects in West Cairo and the North Coast.
Mohamed Fawzi, the executive director of Harva Developments, emphasized the careful selection of the company’s team, comprising individuals with significant experience to achieve the company’s goals.
He highlighted the strength and attractiveness of the Egyptian real estate market for investment, citing recent Arab investments in the North Coast region and the support of the political leadership and government in fostering investment and motivating investors.
