In the presence and participation of Kuwaiti and Saudi ministers and representatives of the Egyptian government, Inverse Group celebrates the launch of its first project, Bareq Tower, in the New Administrative Capital (NAC), Bareq Tower, with investments of EGP3 bn, Invest-Gate reports.
During his speech, Inverse Group Chairman Ahmed Shaltout confirms that the Egyptian real estate market is distinguished by its real strength and real demand. He further highlights that according to recent studies, Egypt needs more than a million housing units per year, given the population increase.
Shaltout reveals that Bariq Tower is an administrative, commercial and medical project located in the Downtown area near the Gold Market area, the Monorail, the Financial District and the Government District. The project includes an underground garage with three floors.
Additionally, he remarks that the project is distinguished by its unique design, unaccustomed to the Egyptian market, and competitive prices. Besides, the project offers several payment systems to facilitate the purchase process for customers, as the repayment period is up to ten years.
Moreover, he notes that the company has acquired lands in the Green River area and the Central Business District (CBD) to establish other projects, but they will be announced later, explaining that the investments and sales volume exceed EGP 3 bn.
On his part, the company’s CCO, Russell El-Gohary, points out that the company has a major investment plan in Egypt amounting to tens of billions, explaining that the coming period will witness the inauguration of new and diverse projects in NAC
It is worth noting that the Invers Group has more than 20 years of experience in real estate investment in Gulf and Arab countries. It also has great experience in the Egyptian market through the establishment of commercial complexes, medical projects and hospitals.