‘HMD’ launches 1st project in NAC

“HMD” announced the company’s first projects in the New Administrative Capital (NAC), named as “Golden View” and “Two Towers”.
HMD Chairman Dr Ibrahim Abdel Dayem, said that the estimated sales volume of the company’s first two projects in the new capital is about LE900 million.
He pointed out that the administrative capital is considered the state’s main project, and only Egyptians will build the administrative capital, and in the next 5 years, we will see the capital in a different way and we are all proud of it.
For his part, Eng. Abdullah Anwar, “HMD” CEO, said that the new administrative capital is witnessing an increasing demand on non-residential projects, whether administrative, commercial or medical, which encouraged the company to start its first projects in this type of investment.
He pointed out that the state is moving towards increasing the rates of urban development at the present time, and the company chooses the administrative capital due to the wide infrastructure implemented by the state and the volume of investments directed to develop the administrative capital with international cities specifications.
He added that the company relies on planned and studied growth strategies in order to achieve the best growth rate in order to expand its activity in parallel with building a strong entity, to become one of the largest real estate development companies in Egypt.
Engineer Sherif El-Ghazali, “HMD” CCO revealed that the two projects are on the outskirts of the “Downton”, pointing out that the side streets of the Downtown are very wide, which distinguishes the location of the two projects.
He added during the press conference dedicated for announcing the inauguration the two projects, that “Two Towers” project is the first medical one in the “Downtown” specialising in this field.
He explained that the project’s height is designed as ground and 14 floors and is distinguished by its location next to a wide garden on an area of ​​2622 metres, noting that the units areas are varied to satisfy all segments of clients, as the areas of the administrative units range from 23 metres up to 36 metres, with
prices range from 54 thousand to 19 thousand, as for the medical units, the price per square metre is LE23,000.