JD Holding Company aims to increase its investments in the New Administrative Capital (NAC) to EGP 12 bn during 2021, Invest-Gate reports.
Dr. Ahmed El Etr, chairman of the board of directors of JD Holding, explains the company’s aims to develop a group of projects in NAC, with around 10 projects during the current year. With a plan to obtain more land, it is expected that it will reach between 15 and 18 projects.
Etr adds that investments of the company’s first projects in the capital amounts to EGP 4 bn, which is the JD TOWER 10 project, the first commercial medical and administrative tower in the Downtown area of NAC.
The company completes sale of the first project in 10 days of its launch, which prompts the company to increase investments in the second project, JD Twin Towers. A project consisting of two similar towers consisting of 14 floors with a distinctive view of the Green River. The company was able to sell 80% of the administrative units and the medical units were completely sold
Etr explains that the company currently is developing an initial vision for a new project in the capital to establish a tower with a height of 80 floors, and it is planned that the company will market the project locally and internationally, as the initial designs for the project are being developed with international offices, including Zaha Hadid’s office and the Engineering House office.
He unveils the company’s plans of launching the new projects in Downtown in NAC, the accumulated experience of its leadership in the market contributed to expanding its investments to rise from EGP 4 bn with one project to EGP 12 bn in several projects that will be offered during the current year.
JD Holding Company was established recently in partnership between the two Jabal Development Company and the Abu Dhabi National Investment Company to invest in the Administrative Capital.