MODAD Group, a prominent player in construction, real estate development, and the real estate sectors, has unveiled the latest advancements in its “Sector” project situated in the financial and governmental district of the New Administrative Capital (NAC), Invest-Gate reports.
Notably, the company has achieved a remarkable sales milestone, selling close to 95% of the units in Sector 1 and Sector 2. Moreover, MODAD has successfully completed the concrete foundations as per schedule, with a focus on advancing 40% of the concrete works for the Sector 1 building—encompassing foundations, columns, and retaining walls—by year-end.
The Group has triumphantly wrapped up the initial phase of construction activities in the Sector Project, encompassing concrete foundations. Pressing forward, MODAD is committed to maintaining a vigorous pace to finalize the entire concrete structure of the project by February 2026, aligning with the finishing touches and electromechanical installations.
Mohamed El Haddad, Chairman and CEO of MODAD Group and its subsidiaries, expressed his elation at the substantial progress witnessed in the Sector project, accentuating the record-breaking sales figures that surpassed initial projections.
He emphasized the company’s commitment to an integrated engineering approach, leveraging over a decade of expertise in the local market and a successful project portfolio spanning various Egyptian governorates. MODAD’s unwavering dedication to delivering projects of international caliber underscores its pledge to uphold customer confidence.
Highlighting the remarkable achievement of selling 95% of the initial project phases, El Haddad underscored the strategic allure of the Sector project fueled by its enviable location and the deep-rooted trust MODAD commands in the Egyptian market. The project stands out for its innovative and adaptable designs, accommodating versatile spaces including recreational amenities and expansive outdoor areas.
Positioned adjacent to the iconic tower and in proximity to the Green River Park, Capital Park, and key business districts, the Sector project boasts a strategic locale near essential amenities such as the international airport, Al Masa Hotel, Mohammed bin Zayed Axis, and the monorail station. Its proximity to significant landmarks like the Presidential Palace, embassy district, and the Central Bank, coupled with easy access to major thoroughfares like the Suez and Ain Sokhna roads, the Middle Ring Road, and the high-speed train line, positions it as a magnet for investors and enterprises seeking a premium address.