Vantage Developments announces concluding a consortium with Morganti GCC, Annex Investments, and Seattle Project Management Services, to launch Morganti – Annex for Projects and Assets Management, the company said in a press release.
This alliance comprises Morganti, an American based company, which has more than 100 years of experience in managing major assets all around the globe.
Being the first of its kind, this cooperation is constituted between Egyptian, Arab and American companies to introduce a new service to the Egyptian market using the latest methods and practices in Project and Asset Management to enrich the Real Estate sector and achieve the highest returns on investments. Morganti – Annex aims to inject between AED 10–20 mn into the Egyptian market in the upcoming three years.
The newly formed “Morganti – Annex” will reflect the expertise of its founders’ through providing high-level total facility and project management services to residential, commercial & hotel buildings using the latest technologies.
Mohamed Abdel Gawad, chairman of Vantage Development, states that this cooperation reflects the powerful and strong demand on the Egyptian market, resulting from the unprecedented development and construction activities growth in the country, political and economic stability, as well as the Egyptian government commitment to support investments.
Morganti – Annex will mark its first milestone in the Egyptian market through managing “Century City” Compound, owned by Vantage Developments in New Cairo, prior to expanding the services to cover major private projects, mainly in the fourth-generation cities.
Morganti carried out many projects in the United Arab Emirates, including Etihad Towers, Sheikh Zayed Grand Mosque, Private Palaces, Saadiyat Villas, and Mohammed Bin Rashid City. As for the Kingdom of Saudi Arabia, Morganti runs big projects, including Riyadh Airports and NEOM Projects.
Vantage Developments gained its reputation in the Egyptian market by delivering innovative projects with added value. Whereas Annex Investments, managed by Ahmed Nasser Al Nowais, is proven to have a distinguished experience in the investment sector.