By Hamed Mahmoud
The “Al-Tameer Al-Arabia” Company for Development and Real Estate Investment has contracted with the UAE “FACIL” International Group, the leading firm specialised in managing international hotels, to manage the “Rivan Tower” project, the company’s latest project in the Downtown area of the New Administrative Capital
The contract comes within the keenness of the “Al-Tameer Al-Arabia” company to offer a new and different real estate product that provides world hospitality services that consider a real addition to the real estate sector in the Egyptian market in addition to achieving an investment return for the target customers who invest in the company’s projects.
The terms of the agreement include the provision of hotel and management services for the residential activities of the company’s projects in the New Capital in addition to leasing hotel units to the project’s clients.
Choosing the UAE “FACIL” International Group for contraction was due to its extended experience and specialization in this regard.
Signing the contract were Mr Ahmed Osama, Head of the commercial sector at Al-Tameer Al-Arabia Company, and Mrs Julie Shields, CEO of the UAE FACIL Group.
Mr Osama, for his part, said that this contract reflects the company’s keenness to provide a real estate product with world-class specifications, especially that the Emirati “FACIL” group operates international hotel chains, including the Hilton Group, Jumeirah, Redson, Fersk and Movenpick in the UAE.
He explained that the Al-Tameer Al-Arabia always seeks to provide new services for its customers who want to invest and achieve a return on their hotel units in addition to raising the market value of such units.
The head of the commercial sector expressed his happiness with this contract, which reflects the company’s care for its customers and helps provide international quality hotel services aimed at preserving the investment value of the project.
Osama said that the investments of Al-Tameer Al-Arabia Company have seen a surge by up to 60% in the Egyptian market, reaching LE5 billion in real estate projects, besides other investments in industry and agriculture sectors.
From her part, Julie Shields, CEO of the Emirati “FACIL” global group, expressed her happiness to conclude this contract with “Al-Tameer Al-Arabia”, especially after the company has succeeded in a short period of time to boost its investments in the Egyptian market and owns a portfolio of projects that reflect the strength of the company and its financial solvency.
Shields explained that the group seeks through such contracts to disseminate the culture of unique hotel management service with international specifications, like the rest of its projects all over the world, especially the United Arab Emirates, as it manages famous international hotel chains, like the Jumeirah Hotel Chain, Movenpick, Fersk and Radison International.
The CEO added that the engineering designs and plans for Al-Tameer Al-Arabia projects reflect the company’s keenness to choose the best designs ever in hotel facilities, noting that the global services that will be provided as per the contract will increase the market value of the units and as also their prices.