Hometown's Chairman, Diaa El Din Farag, says that the acceleration of the project’s implementation pace bridges the gap between the sales price and construction costs, as inflation in prices of building materials caused differences between marketed and actual prices.
Financed by the World Bank and the AIIB, the program includes projects in six governorates; Ad-Dakahlia, Ash-Sharqia, Al-Behira, Al-Gharbia, Al-Menofia, and Damietta.
The agreement comes as a part of NJD’s efforts to keep pace with the latest developments in the world through partnerships with major consultancies worldwide.
The acquisition aims to boost the volume of Zodiac’s business and investments in the local market and contribute to Egypt’s plan to develop fourth-generation cities.
Managing Director and CEO of Heliopolis Company, Tamer Nasser, says that the company is keen on creating a sustainable life for residents and visitors of its projects while maintaining the architectural and urban heritage of the Heliopolis district.
The event is held in partnership with the rally competitions organizer Bosla, and under the sponsorship of the Ministry of Tourism and Antiquities, Ministry of Youth Affairs and Sports, the Red Sea Governorate, and with the supervision of the Automobile and Touring Club of Egypt.
CEO of Arqa Developments, Ahmed Gamal, urges developers to participate in the initiative as soon as possible, in order to support the sustainable development goals by utilization of information technology and telecommunications in the Egyptian real estate market.
The event is launched at Mamsha Ahl Masr under the sponsorship of the Ministry of Planning, Ministry of Supply and Internal Trade, Internal Trade Development Authority (ITDA), and the General Authority for Investments (GAFI).
Trio V Tower is a commercial, administrative, and medical project located in an area of about 7,000 sqm, including a built-up area of 2,100 sqm, Head of the Commercial Sector at Nakheel Developments, Wassim Ouda, says.
Urbnlanes is implementing three projects in the New Administrative Capital and the New Cairo’s 5th Settlement district with total investments of EGP 11 bn.
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