Radix Development launched its third project, “Spinner” Mall, in the New Administrative Capital (NAC) during a press conference held at the Hilton Heliopolis Hotel, Invest-Gate reports.
The company offers customers investment features and competitive prices, along with the highest levels of quality that the company follows in its projects.
The press conference was attended by Akram Al-Sheikh, the co-founder and CEO of Radix Development; Salman bin Khalil Al-Sabaan, Chairman of Salmaniya Group in Egypt and Vice Chairman of Muwafaq Holding Group in Saudi Arabia; Ahmed Zaghloul, founding partner and CEO of Salmaniya; Dr. Eman Saleh, CEO of Prand; Dr. Bassem El-Sherbiny, CEO of Etqan; and Eng. Mohamed Tamam, CEO of Archrete.
During the press conference, Ahmed Zaghloul, the founding partner and CEO of Salmaniya, emphasized that the company carefully selected a unique strategic location for the implementation of Spinner Mall in the NAC. The chosen area is close to important roads, vital places, and main axes, ensuring easy access for customers.
Zaghloul also highlighted the advanced technologies and modern urban development in the NAC, making it an ideal investment destination. Spinner Mall is located on the Al-Amal axis in the MU23 area, with a direct view of the largest square in the axis.
Akram Al-Sheikh, co-founder and CEO of Radix, provided details about the project, stating that “Spinner” Mall spans over 10,700 sqm. It consists of a ground floor and 11 recurring floors, with a significant portion allocated to buildings housing various investment units, including medical clinics, shops, and administrative offices. These units come in different sizes and are offered at competitive prices. The mall provides essential services and high-quality facilities to meet the needs of customers and investors. The project aims to achieve sales exceeding EGP 3 bn in the next three years, with an estimated cost of EGP 2.5 bn.
Al-Sheikh emphasized Radix’s commitment to its customers, which has been the foundation of its success and excellence. The company collaborated with major consulting, architectural, and marketing companies for the Spinner Mall project, including Archrete as the engineering consultant, Etqan for financial and marketing consulting, and a brand commercial unit management company.
Al-Sheikh also highlighted that Radix Development was the initial nucleus for the formation of the Salmaniya Group of Companies. The group comprises nine companies operating in various industrial, commercial, and service sectors, focusing on industries related to real estate development. These include Agile for Investment, UCAC for advanced contracting, and Radix Smart Tech, providing smart solutions for homes and offices.
Salman bin Khalil Al-Sabaan, Chairman of Salmaniya Group in Egypt and Vice Chairman of Muwafaq Holding Group in Saudi Arabia, expressed the group’s investment interest in the Egyptian real estate sector. Al-Sabaan mentioned the strong investment climate in Egypt and the group’s plans to expand its portfolio with new projects in the future. The NAC was chosen as the starting point due to its immense investment potential and the government’s support for its success.