Hamed Mahmoud
BROUQ DEVELOPMENTS Company, “an Egyptian-Gulf Investment Company”, announced the launch of the “SPARK CAPITAL INSIGHT” project in the New Administrative Capital, with investments amounting to LE1.5 billion, a senior company official said.
Helal Mohsen, Marketing Director at BROUQ DEVELOPMENTS Company, added that the project features an area of 8.000sq in plot G 15 at the MU23 area of the New Administrative Capital, as it is located at the intersection of the Al Amal Axis and the Bin Zayed Axis and overlooks the Green River.
Built to be a commercial-medical-administrative tower providing several services, including in the foremost the largest food court on the Green River, hanging restaurants, dynamic elevators, display screens, and others, the Mimar Engineering Consultancy is in charge of developing the general plan; hence its previous work and experience with major real estate companies in the local market.
Mohsen also spoken of the company investment plan to pumpLE8 billion in the real estate market, which is in line with the urban development that Egypt is witnessing, which attracts all developers to invest in these cities.
He emphasized that the company offers various and distinct payment systems to customers, starting from 10% down-payment and payment facilities of up to about 14%, and that the company provides to the customers an electronic application that enables them to be got acquainted with the project, view all units, and choose a specific ones. The app is in line with the state’s orientation for digital transformation.
Despite it is scheduled to be delivered by 2024, the company has started implementing the drilling works of the project before it is officially marketed; hence the company’s financial solvency.
BROUQ DEVELOPMENTS Company is the product of cooperation between the Qatari-QHSP, the Emirati-ALFADA, as well as the NBS HOLDINGS, all of which have strong experience in the field of real estate development.
