New sales at Badya jump 109% YoY to EGP 4.2 bn in the first nine months of the year, while sales at Palm Hills New Cairo surge 99% YoY to EGP 3.3 bn.
Schneider Electric will supply advanced technologies to the Paragon 1 Admin building project, in partnership with a group of industrial and commercial customers.
The initiative allows for unification, coordination, and guiding actions of all stakeholders in sustainable construction.
The platform will allow for control and maintenance of the project’s infrastructure, including electricity, heating, air conditioning, water, gas, data centers, databases, DCIM, traffic, security, and command and control centers.
Ayman bin Khalifa, CEO of ADH, says that the company will continue implementing its strong strategy to boost profits and sales despite global economic challenges.
Kamel reveals that the company implements its project in New Sohag, the Green Avenue, on 20 acres with EGP 1 billion in investments, noting that the project includes 31 residential buildings and 20 villas.
The initiative is intended at uniting, coordinating, and guiding stakeholders’ actions across the built environment value chain that will ensure the well-being of people and the planet through the construction and real-estate sector practices in Egypt.
The new entity is established by an Egyptian-Saudi partnership to develop several urban projects in Egypt in the coming period.
The project is developed in partnership between the New Urban Communities Authorities (NUCA) and Palm Hills Development.
The project is expected to achieve contracting sales of more than EGP 4.5 billion, with the help of consultancies and real estate marketers.
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