By Hamed Mahmoud
The JD Holding Company is launching its first project in the most prestigious area of North Coast, New Alamein City, with targeted sales of LE3.6 billion, a senior company official said.
Dr Ahmed Al-Eter, Board Chairman of JD Holding Company, said that the project is scheduled to be launched next June in a distinctive area in New Alamein City, close to Alamein Airport.
Run on an area of 15.5 acres, the project includes resort units, hotel units, a hotel, cinemas, administrative and commercial complex and an international hospital, the board chairman added during a celebration organised by the company to honour its employees and partners of success.
“The project is part of the company’s endeavors to increase its investments in the Egyptian market; hence the promising investment opportunities. The company’s investments at present stand at LE8 billion, with the company planning to increase it to LE12 billion by year end, through projects in the Administrative Capital, New Alamein City and New Cairo. These investments are increasable to LE30 billion if the land facing the iconic tower in the Administrative Capital is obtained to establish a new iconic tower,” Al-Eter said.
What the Egyptian market is witnessing at present is an unprecedented urban and development boom observed by the whole world; hence the plans to increase our market share in the real estate sector, especially the Administrative Capital, Al-Eter said, expecting a significant increase in prices following the gov’t relocation to the New Capital.
For his part, Dr. Mohamed al-Sharif, Head of the JD Holding Marketing Sector, said that the company offers various payment facilities, coinciding with the desires and needs of citizens, pointing out that the company is carefully studying the best investment opportunities in the real estate market, which pushed it to knock on the gates of the New Administrative Capital and the New Alamein City.
Fadi al-Masry, the Company’s Marketing Director, meanwhile, stressed that the company had set a plan to participate in a number of local and foreign real estate exhibitions, foremost among them is the Al-Ahram Real Estate Exhibition and the Akhbar Al-Youm Real Estate Exhibition.
JD Holding was established recently by Jebal Real Estate Development and Abu Dhabi National Company for investment in the New Capital.
