WATAN Developments announced launching its first project “Orient Business Complex” at the New Administrative Capital (NAC) with EGP 1 billion in investments. Orient Business Complex is a mixed-use development featuring commercial, administrative, and medical components located at the heart of the Downtown district of the New Administrative Capital. The project is constructed on a total area of 2,319 m2, and consists of 2 basement floors, a ground floor, and 10 floors including 300 units. The ground, first and second floors are designated for the commercial units, while the remaining floors will be pided between the administrative and medical units, in addition to building a two-story garage in the basement floors for Orient tenants and visitors. The launching was announced in the presence of Mr. Sherif El-Hawary, CEO and Chairman of the Board of Directors of WATAN Developments, along with Eng. Kamel Anwar, Team Leader and Senior Structural Engineer at ACE Moharram Bakhoum, the construction consultant of the project, and Eng. Mohamed Hafez, Chairman of the Board of Directors at Hafez Consultants, the architectural and engineering consultant of the project.
Orient Business Complex is strategically located at the heart of the Downtown district at the New Administrative Capital, with a panoramic view of Al-Shaab Plaza and Masr Mosque, the largest mosque in the Middle East. At the center of the main roads leading to North Bin Zayed axis, the project conveniently neighbors the Green River, the central business district, and the governmental district. Moreover, the project’s location is easily accessible by the monorail and within minutes by car from the regional ring road and the New Capital Airport. Orient Business Complex features a comprehensive package of services and amenities, most notably a HVAC system, integrated with an environmentally friendly energy management system, including solar panels and power generators, supported by state-of-the-art technological infrastructure to accommodate high-speed internet, a fire detection and alarm system, and a 24/7 security with CCTV network. All of this is designed for the benefit of Orient users and visitors, covering the parking area and garage, the shopping and food court area, the kids’ area, and the storage facilities. Along with specially designed services for businesses and administrative units, including VIP lounges, facility investment and management services, operation and maintenance services, the complex fulfills and addresses the needs of each unit-type specifically.
“To ensure a striking debut into the real estate market, we saved no effort in addressing each and every detail in our first project with diligence and utmost care, in order to make Orient Business Complex an outstanding icon at the heart of the New Administrative Capital.” CEO of WATAN, Sherif El-Hawary, emphasized on their vision for Orient. Furthermore, El-Hawary explained that WATAN chose the New Administrative Capital to develop their first project following a comprehensive market research. “We studied 4th generation cities and the investment potential they bring to the market, and we are confident the New Administrative Capital will create a business conducive environment where the economy will continue to thrive, especially as the Egyptian market recovers following COVID-19. Ultimately, we hope Orient Business Complex will attract more local and foreign investments, especially from the Arab World” El-Hawary added.
El-Hawary noted that the company plans to deliver the project by 2024 making it a full-service business complex, gathering under its roof the largest retail and F&B brand names, along with headquarters and offices for businesses and entrepreneurs, as well as state-of-the-art, specialized medical services. Moreover, WATAN will soon sign one of the major facility and project management companies to provide the best tenant-mix for Orient users, and already contracted ACE Moharram Bakhoum to be the construction consultant of the project along with Hafez Consultants as the architectural and engineering consultant of Orient Business Complex.
For his part, Eng. Kamel Anwar, Senior Structural Engineer at ACE Mohrram Bakhoum, expressed his joy, saying, “We are pleased to collaborate with WATAN, and we are looking forward to achieve their vision for Orient Business Complex. The project has all the needed assets for success, from its prime location within the New Capital and its unprecedented modern infrastructure, along with a viable development plan and ambitious vision leveraging the expected growth of the Egyptian market in the future.” Notably, ACE Moharram Bakhoum, the construction consultant of the project, has more than 70 years of experience and impressive portfolio of projects including Cairo Festival City Mall in New Cairo, City Stars Mall in Nasr City and Dar El Fouad Hospital, besides participating in the construction of the Grand Egyptian Museum.
“We are pleased to be WATAN’s partner in success,” Eng. Mohamed Hafez, Chairman of the Board of Directors of Hafez Consultants (HC), commented explaining their contribution in the project. He proceeded, “In our designs for Orient Business Complex, we made sure to translate WATAN’s vision into a reality, in order to ensure the project will fully achieve its intended objectives. We aim to inspire harmony and integration between its various components, driven by WATAN’s belief in accountability and sustainability.” Eng. Mohamed Hafez and his firm have introduced some of the most iconic designs to the Egyptian market, such as La Vista City New Capital, City Stars Mall in Nasr City, and Waterway in New Cairo.
In his closing remarks, El-Hawary revealed that WATAN plans to invest around EGP 500 million in the construction works throughout 2021, along with long term plans to launch a land portfolio at the New Administrative Capital to develop a series of projects with around EGP 5 Billion of investments by 2025. “Launching Orient Business Complex is the first step in an ambitious plan to introduce a series of projects that we hope will contribute to fulfill the growing demand for the commercial, administrative and medical units in the market. This will enable us to add more value to our national economy by attracting more local and regional investments,” El-Hawary concluded.
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