Inverse Group Developments, a leading real estate developer, announced the entering of the New Administrative Capital – the largest national project in the Middle East region – with investments exceeding LE3 billion.
Detailing on the company’s projects, Eng Ahmed Shaltout, Chairman of the Board of Directors of the Kuwaiti Inverse Integrated Company, revealed out that the company has obtained several plots within the Administrative Capital to establish various projects.
“The maiden Inverse’s project within the Administrative Capital will be Bariq project. Being built in the NAC Downtown area near the Gold Market, the Monorail, the Financial District and the Governmental District of the Ministries, the Bariq includes multi-use units, and the company offers payment terms of up to 8 years,” Shaltout added.
Inverse has great experience in the Egyptian market through the establishment of commercial complexes, medical projects and hospitals in separate areas, in addition to residential projects within the Fifth Settlement area of the New Cairo, Shaltout also said.
Launched in 1998, the Inverse Group Developments has chosen the State of Kuwait to be its starting point for the projects, he said, pointing out that the company has more than one branch in a number of countries, including Kuwait, UAE and Canada. The company has also a previous experience in Saudi Arabia, Oman, East Asia, Qatar, Iraq, Bahrain, Nigeria and a large number of European and Gulf countries.
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