New Event Developments Acquires 25 Acres in NAC for Integrated Residential Project Development

New Event Developments Acquires 25 Acres in NAC for Integrated Residential Project Development

New Event Developments has announced its investment in a new opportunity in the R8 area of the New Administrative Capital (NAC), Invest-Gate reports.

The company intends to develop an integrated residential project with exceptional services for its clients in the NAC, and its launch is scheduled for next month.

Dr. Hamid Al Rgwy, Chairperson of New Event Developments, expressed the company’s commitment to delivering the finest products to its customers from the very beginning. Accordingly, they have chosen a distinguished location in the R8 neighborhood and have enlisted the services of consultant Yasser Al Beltagy to create a design that upholds the project’s uniqueness and enhances its competitive advantages.

Al Rgwy highlighted that New Event Developments and Yasser Al Beltagy Architects (YBA) have collaborated to develop an innovative project that pays attention to every architectural detail, aligning with the region’s characteristics and the requirements of the Administrative Capital for Urban Development company.

The project, spread across 25 acres, is set to be launched in May. The company has already received the specialization notification and the project land plot’s minutes of receipt.

Furthermore, the company aims to offer real estate products within the project that cater to both local and foreign clients, taking into account technological advancements to provide customers with a comfortable, luxurious, and distinctive quality of life.

Al Rgwy stated that this marks the company’s third project in the NAC, reflecting their immense confidence in the city as a promising venture with significant global investment potential. New Event Developments seeks to expand and diversify its investment portfolio in the Egyptian real estate market, taking advantage of the vast opportunities and favorable conditions available locally.

Al Rgwy concluded by emphasizing the company’s diligent work on existing projects and substantial investments to accelerate construction progress while actively pursuing new projects. He added that customer satisfaction is a fundamental pillar of the company’s operations, further enhancing customer confidence and establishing the company’s credibility in the real estate market.


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