Khaled Sabry Holding Group launches its first project at the New Administrative Capital “Ronza Tower”, with investments amounting to EGP 500 mn, as part of the company’s expansion plan in the Egyptian market, Invest-Gate reports.
Chairman of the Company’s Board of Directors Engineer Khaled Sabry says that the project is being implemented on an area of 2,617 sqm (with an area of 11 thousand sqm) in the downtown area at the new capital. It consists of a ground floor and 10 floors dedicated to administrative, commercial, and hotel activities, besides three garages to serve the project’s pioneers. The project comprises 220 units with areas ranging from 19 to 80 sqm.
The implementation of “Ronza Tower” will start after obtaining the land license from the New Administrative Capital Company, and the project is scheduled to be completed during the last quarter of 2024. The company plans to deliver the commercial units semi-finished but the administrative and branded units fully finished.
Sabry emphasizes that the company focuses on using technology in its real estate projects through the use of specialized companies in that sector, as the company aims to launch a real estate project that is different in terms of product and with construction mechanisms and modern systems, especially since the competition in the New Administrative Capital has many similar projects in the product.
The company contracted with the consultant Mohamed Hafez HAFEZ Consultants to start the engineering designs for the project, as the company undertook the engineering design for the project (Lavista City – Elpatio ORO – Elpatio 7 Compound – Sarai – water way2- Master Plan Zones)
Sabry adds that there are a large number of investment opportunities available in Egypt in light of the launch of huge real estate projects currently, whether in the new administrative capital or the new Alamein, so the company seeks to be present in the Egyptian market in a strong way during the coming period. Sabry explains that the company has developed an investment plan commensurate with its strategy in the real estate market during the coming period, and aims to expand with a package of new projects, especially in the New Administrative Capital, in addition to studying investment opportunities in New Cairo.