With an ambitious investment plan and strong experience in the real estate market, SV Developments launched a new project in the New Administrative Capital, the A1 TOWER project, with a total investment of about LE1.2b, during a special ceremony attended employees of the company, representatives of real estate marketing companies and a number of community stars.
Engineer Abdulhameed Aly SV developments Chairman said “ the administrative capital is a promising national project with several investment opportunities for local and international companies, at the same time the capital witnesses rapid development rates that made it one of the most attracted destinations for investments.
“The confidence of the Egyptian economy and the advantages of administrative capital have supported our plan to launch the new project in the capital and we have a gradual plan to launch new projects on our land portfolio in the administrative capital”. He added.
He continued, “The A1 TOWER project will be a prominent and distinctive sign in the Downtown area, and the spaces will start from 20 meters for the units.”
He explained that the distinguished location that achieves the company’s vision and preserves the client’s investments was one of the main elements that the company focused on in choosing a project site, as the project is located in a privileged location in the Downtown area and overlooks the tourist towers and the green river, as well as the northern axis of Mohammed bin Zayed, near the new museum, the gold market, the monorail station and the mosque of Egypt.
Engineer Mustafa Abdel Hameed, added that the total investment of the project amount approximately is 1.2 billion pounds with 350 units of various sizes. The company is cooperating with a number of distinguished success partners to develop a unique project.
He said that the most prominent partners in success are Prof. Dr. Atef Khalil, professor at Cairo University, Dr. Nasih Musleh, foundation and architecture consultant, head of the Civil Engineering Department at Benha University, Dr. Atef Ismail, consultant of the iconic tower of the administrative capital, and Dr. Hossam Mansour, construction consultant.
He pointed out that the Chairman of the Board of Directors, Dr. Abdel Hamid Ali Al-Batsha is a consulting engineer who owns many companies with great experience in the field of real estate development and contracting and he has carried out many governmental and non-governmental projects. One of the companies he owns is SV Developments – Sovana for Touristic Development was founded in 1998 as a development and construction company which succeeded in wide range of national projects.
Among the most prominent of these projects is the Tax Authority building in the Alexandria Governorate for the Ministry of Finance and a number of housing projects in cooperation with the Ministry of Housing, Utilities and New Urban Communities, besides number of towers in the city of Al-Miraj in Maadi, towers in Nasr City and a group of residential buildings in the New Cairo area, which reflects the volume of experience and confidence that the company has.
Dr. Aya Kamal, head of the commercial sector at SV Developments, confirmed that the company has an ambitious plan to invest in the administrative capital, especially with the company having a strong precedent in implementing various projects, as well as its accumulated experience and strong financial solvency.
She explained that the A1TOWER project will be a distinctive landmark in the Downtown area, and the first elements of excellence in the project are the good choice of location, which is 20 minutes from Cairo International Airport and only 10 minutes New Cairo. It also includes commercial, administrative and medical units, the building is divided into 14 floors and four basement floors, using renewable energy and smart tools to manage.
She added that the company conducted a deep study about its clients and their needs before designing the building. SV offers diverse and competitive payment systems to customers that are commensurate with the nature of the product and the purchasing capabilities of customers, the company also has a plan to diversify its investment portfolio, increase its customer base and serve a larger number of customers.
