Space Tank for Managing Commercial Facilities and Service Centers has launched its business in the Egyptian market. It has succeeded in providing consultation and development by renting and studying commercial units within projects and attracting major international agencies, working on analyzing and studying the needs of the Egyptian market, increasing project returns by contracting with major marketing companies, holding exhibitions, and working to establish a large and pioneering group of commercial facilities, shopping centers, and amusement parks in many residential projects and complexes belonging to the largest and most famous real estate developers in the Egyptian market.
Space Tank has revealed that its current contracts include 4 commercial malls with a total rental area of about 100,000 square meters for three major real estate developers in Tagamo’a Elkhames, the Administrative Capital, and Sheikh Zayed, in addition to managing amusement parks and entertainment areas. It is also studying the development of two projects under construction to achieve the best out of it, as it is conducting the integral studies for the two projects. In during 2024, it aims to expand in all governorates and to the Northern Coast to acquire new projects with commercial areas from 150,000 square meters to 200,000 square meters.
It is also working on implementing a number of new contracts in terms of development and reviewing the designs for some commercial centers in a number of projects in the governorates and cities, especially within the New Administrative Capital, where Space Tank is distinguished by its ability to develop through leasing, selling commercial units and attracting the most well-known and the best international brands to contribute to the management of international entertainment marketing centers in Egypt.
Space Tank is unique in its great success and the expertise of its distinguished team and cadres in providing consultations, designs, and management to create the largest and best modern amusement parks within major projects and new cities, as entertainment and amusement parks require special capabilities in terms of consultations, reviewing designs, and studying market needs to achieve the highest international standards in creating an entertainment environment filled with energy, fun and adventure of the highest quality, starting from the development plan to management. The entertainment sector represents the utmost importance to the Egyptian market, a distinctive mark and a milestone in the success of real estate development, that’s why Space Tank gave it special attention.
Space Tank intends to expand its business into many new projects during the coming period, in light of the company’s leading global expertise and partnerships in the field of real estate consulting and management of commercial facilities, service centers and entertainment parks, especially after the great successes it has achieved in developing the famous “amusement park” in Tagamo’a in front of District5.
For his part, Eng. Shadi Selim, CEO of Space Tank, said that the company is proud of the successes it has achieved during its first steps in the Egyptian market. Space Tank intends to provide more excellence, uniqueness, and international standards in developing more commercial and entertainment projects during the coming period, based on its experience in attracting the best global partners to these projects.
Eng. Shadi Selim has revealed that the Space Tank has a huge expansion vision that relies on achieving the highest standards of quality and development in its projects based on its planning, study and development during the current period, which will be unparalleled within the Egyptian market. He added that Space Tank will be unique in many services and features that will be the first of its kind within the Egyptian market, therefore, major real estate companies were keen to cooperate and contract with Space Tank in many projects.
Eng. Shadi Selim has clarified that Space Tank is working with a number of major developers in existing projects and is also working on developing a huge and pioneering some of the most well-known commercial centers with major real estate developers such as City Edge, Emaar, New Hawai, EBNY, Melee, Sky Abu Dhabi, Orascom Investment Holding, and Manage to manage commercial facilities.
Eng. Shadi Selim also pointed out the importance of expanding urban development, as well as the company’s work within the various governorates of Egypt, including, for example, Kafr El-Sheikh Governorate, various Delta governorates, and other governorates that have recently been characterized by an increase in purchasing value and high levels of demand for luxury commercial units. This comes in addition to the company’s large presence in the Administrative Capital, as the coming urban development force, given that it’s the largest city with integrated commercial, cultural and entertainment services with the care and guidance of the state.
