Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Alfth Corporation to Launch Massive Project in New Administrative Capital


Sun 09 May 2021 | 05:37 PM
Mohamed Nour

 

Alfth Group for Real Estate is planing to establish the corporation’s largest project at the New Administrative’s Capital Down Town.

Salah El Helali, Alfth Group CEO, highlighted that the corporation targeted achieving sales estimated at EGP 1.5 billion.

The new project will be dedicated to establishing a high quality administrative, trade, and medical center with an outstanding structural style.

Also, it would be a strong beginning for the corporation in the New Administrative Capital.

The Head of the corporation pointed out that it set several deals with leading companies for providing the project with professional management, in addition to setting agreements with professional engineering and contracting corporations for constructing the best structural designs for the project.

In the same context, Sherif El Ghazali, the Head of the Alfth’s Trade Sector, that the corporation aims heading investments estimated at EGP two billion in 2021 through executing several projects in the new capital such as establishing residential projects.

It is not the first time for the corporation to conduct investments in the new capital as it combined forces with another developers for executing huge projects such as Entrada, Citadel. So, Alfth Group is qualified to construct its own projects in the new capital.

He noted that the latest studies highlighted the rising demand of administrative, trade, and medical specialized centers for assisting the expected number of the new capital’s residents.

El Ghazali added that the group carries the required features to be a leading corporation that heading investments in the new capital such as its wide costumer-base and 35-year experience in real estate market.

Next, he praised the national mega project of founding the new capital by President Sisi that attracted investors to the local market by applying the concepts of fourth generation cities, and buildings export. Those steps can contribute in naming the new capital as an international destination of investments.

Finally, he thanked all parties that contributed in executing new capital’s projects and their efforts in concluding the mega project.

Contributed by: Rana Atef