By Hamed Mahmoud
“Alfath Group” for real estate development and project management is set to implement its strongest projects in the Downtown area of the Administrative Capital, a senior company official said.
Salah Al-Hilali, Board Chairman, stated that the company aims through such projects to achieve sales exceeding LE1.5 billion.
Scheduled to be a medical and commercial administrative complex, the planned project will be implemented with the highest level of quality and a distinctive architectural character to be the strongest in the Downtown Area and the start for the company there, he said.
This, he added, is based on accumulated experience the company has over the past 35 years through previous works and through a broad base of clients.
“During the past 35 years, the company has managed to develop350 projects in New Cairo and New Heliopolis City and owned a large investment portfolio,” Board Chairman Al-Hilali said.
Al-Hilali referred to the contracting with major operating and building management companies to provide a strong and professional management of the project in addition to contracting with the largest engineering consultancy and architectural design offices in order for the target projects to be unique.
Sherif El-Ghazali, head of the commercial sector, revealed that Alfath Group“aims to pump LE2 billion as investments during the current year 2021 to implement a series of projects with multiple commercial, administrative, medical activities in the New Administrative Capital. It is studying the implementation of a “Compound” project at the highest level and with the state-of-the-art specifications”.
El-Ghazali pointed out that the company had previously invested in the NewCapital with a number of developers in more than one project, including the commercial residential project ‘Entrada’ and ‘Citadel’ in the government district, a matter that gives the company work experience there.
The Administrative Capital is a national project that has been supported by the political leadership to be an investment front that attracts funds to the Egyptian market and provides the application of the idea of exporting real estate to abroad, El-Ghazali explained.
