Margins Group for real estate development and project management is preparing launches its latest projects at the New Administrative Capital, early next year 2022, in partnership with the global giant Minor Hotels
According to CEO of Minor Hotels Group Mr. Dillip Rajakarier, Minor Hotels presence in Egypt marks a strategic and important move for the group, as it continues to develop its expansion in the Middle East and North Africa; and “adds a new country to our portfolio,” he says, considering Egypt as a tourist destination for its amazing history and heritage; in addition to being an important commercial hub, the company is looking forward to launching the OAKS brand in the country’s new capital, and comments, “We are confident that it will provide a great advantage to this growing masterplan.”
According to the statements by Ashraf Shaheen, vice chairman and managing director of Margins Real Estate Development Company, the project, scheduled to open during 2025. Oaks Egypt New Capital Apartments & Suites, has an investment cost exceeding LE1bn and is located in the heart of the New Administrative Capital, explaining that the project is the first for Minor Hotels in Egypt.
Shaheen adds that the project is designed by Creative Kingdom, which was established in 1997, and is one of the leading international companies in the field of architectural design and urban planning, especially major tourism projects and hotels, noting that the company has expanded its operations over the past fifteen years in several different countries.
“Creative Kingdom has a rich and wonderful history in Egypt,” says Thanu Boonyawatana, CEO of Creative Kingdom Inc. “We are particularly excited to announce the completion of the design of the Oaks Egypt New Capital Apartments & Suites project, which is scheduled to open in 2025 in the new capital of Egypt.” The design of the project is very unique and distinctive and it is sure that “it will be one of the distinguished administrative capital destinations that should not be missed,” he comments.
Eng. Ashraf Shaheen also confirms that MMAC Design International will participate in the interior designs and detailed drawings for all parts of the project, explaining that it is one of the largest leading companies in the field of interior design and hotel design, and it is also the main designer of major international hotel companies and has designed more than 60 hotels in the whole world.
According to CEO of MMAC Christian Merieau, “The MMAC Design team is proud to put its extensive hospitality expertise at the service of Margins Real Estate Development and the Minor Hotels Group by providing the complete interior design for the project of 400 apartments and hotel suites in the new capital of Egypt.”
Oaks Egypt New Capital consists of fifteen floors, in addition to the floors of the garages and the roof, and on the ground and first floors, a commercial mall, restaurants and cafes area will be established. The second floor is dedicated to hotel services such as reception, waiting halls, gymnasium, spa, meeting rooms and restaurants for guests and owners, and services extend to the roof where there is a swimming pool, restaurant, cafe and recreational games area.
Ramine Behnam, executive vice president of Minor Hotels Development Sector in Europe, Middle East and Africa, praises the partnership with Margins and its business venture in the Egyptian market, explaining that the company currently has a portfolio of 527 hotels and resorts in 55 countries around the world with a total of more than 80,000 rooms from Asia to the East Middle, Europe, South America, Africa among other countries. He continues, “It is a great honor to participate in the new administrative capital project, which is the first national project in Egypt.”
He adds, “We are pleased to seize the opportunity to provide world-class services with the experience we have gained from managing giant projects in the world in the field of operating hotel products.”
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