United Developments launches Capital Square, the company’s first business line in the downtown area of New Administrative Capital with expected value of EGP 250 mn, Invest-Gate reports.

Chairman of the board of directors Walid Mohammed uncovers the company’s plan to dominate the Egyptian real estate market with three projects and investments of up to EGP 2 bn in 2021. The projects include a commercial and administrative tower with 25 floors.

Head of the commercial sector Ahmed Fouad adds that the company pursues sales of EGP 250 mn, in addition to providing more than 1,500 job opportunities.

Many of the project’s commercial and administrative units have a view of greenery and offers security and maintenance services. Its area covers approximately 8,000 sqm, consisting of about 200 administrative and commercial units, with areas starting from 30m.

The first project is scheduled to be completed within three years and offers various credit facility systems to the customer, starting from a 10% down payment and installments of up to eight years according to customer’s wishes.

Studioplus Architects, a United Developments Group company, is handling the engineering design on basis of their technical design.