By Hamed Mahmoud
Valencia Real Estate Development, one of the pioneering real estate companies operating in the Egyptian market, prepares to launch its first project in the New Administrative Capital, as part of expansion plan in the Egyptian market, said Eng. Ahmed Ghaith, Board Chairman.
The scheduled project, which is a commercial medical administrative project in the Downtown area, coincides with the company’s plans for expansion and pumping more investments in the Egyptian real estate market as well as opening new horizons for the company’s investments, he also said.
He added that the project is one of a set the company plans to implement in the New Administrative Capital during the current year and includes a residential project in the (R8) area and a commercial and administrative project in the Downtown area.
He stressed that the company’s interest in investing in the New Capital comes within the state orientation and its interest in the projects being implemented there and the construction boom that has been achieved on the ground.
Ghaith affirmed that the real estate investment is considered the best investment sector in Egypt; hence its stability and attractiveness compared to other sectors.
Commenced its work in the Egyptian market in 2010 with Egyptian-Kuwaiti investments, the Valencia Real Estate Development has a long history of work in the real estate market and of work for others, whether private or government agencies.
The volume of works carried out by the company for the benefit of others reached nearly LE1 billion. Topping these projects are Dar Misr Medium Housing project and works to raise efficiency of the Cairo International Airport garage and others.
