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    Dark thoughts haunt Ukrainians in shadow of nuclear crisis

    Dark thoughts haunt Ukrainians in shadow of nuclear crisis

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    Parl’t renews confidence in Madbouli’s gov’t, endorses reshuffle

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    Parliament approves Cabinet reshuffle

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    Sisi calls on par’lt to convene to probe cabinet reshuffle

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    Dark thoughts haunt Ukrainians in shadow of nuclear crisis

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    Taiwan thanks US for maintaining security in Taiwan Strait

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    How ‘pinkflation’ is sending women’s fashion prices soaring

    Broad swathe of China swelters in high temperatures

    Broad swathe of China swelters in high temperatures

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    Ex-leader Schroeder sues German Bundestag for removing perks

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    Schneider Electric evolves mySchneider IT partner program

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    Telecom Egypt signs a national roaming agreement with Orange Egypt

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    LG Egypt: Virtual brand shop provides unique shopping experience

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    Wadi Degla selects Freshworks to delight members off the field

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    ICT Minister witnesses signing of MoU between ITIDA, Valeo

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    Nokia, EAI sign pact for manufacturing Nokia phones in Egypt

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      Cabinet approves new decisions to improve business climate

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      Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

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      Saudi Egyptian Company acquires minority stakes in 4 companies

      Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

      Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

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      Analysis: Streamlining business for luring direct investment

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      Arab Developers Holding contracts with Incomercial to lease Park Mall in New Cairo

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        Dortmund stage late comeback to claim 3-1 win at Freiburg

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        Liverpool will only sign the ‘right’ players despite injuries, says Klopp

        Kyrgios produces another showstopper to down compatriot de Minaur

        Kyrgios produces another showstopper to down compatriot de Minaur

        Fifa: Start of 2022 World Cup brought forward by one day

        Fifa: Start of 2022 World Cup brought forward by one day

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        Fowler, Day make early bid in Memphis to keep season going

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        How ‘pinkflation’ is sending women’s fashion prices soaring

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        African wildlife parks face climate, infrastructure threats

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        Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

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        John Hopkins: Coronavirus cases worldwide exceed 586m

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        As Spider-Man turns 60, fans reflect on diverse appeal

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        Dark thoughts haunt Ukrainians in shadow of nuclear crisis

        Dark thoughts haunt Ukrainians in shadow of nuclear crisis

        Parl’t renews confidence in Madbouli’s gov’t, endorses reshuffle

        Parl’t renews confidence in Madbouli’s gov’t, endorses reshuffle

        Parliament approves Cabinet reshuffle

        Parliament approves Cabinet reshuffle

        Sisi calls on par’lt to convene to probe cabinet reshuffle

        Sisi calls on par’lt to convene to probe cabinet reshuffle

        Egypt reaffirms full support for Saudi Arabia’s security, stability

        Egypt reaffirms full support for Saudi Arabia’s security, stability

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        Dark thoughts haunt Ukrainians in shadow of nuclear crisis

        Dark thoughts haunt Ukrainians in shadow of nuclear crisis

        Taiwan thanks US for maintaining security in Taiwan Strait

        Taiwan thanks US for maintaining security in Taiwan Strait

        How ‘pinkflation’ is sending women’s fashion prices soaring

        How ‘pinkflation’ is sending women’s fashion prices soaring

        Broad swathe of China swelters in high temperatures

        Broad swathe of China swelters in high temperatures

        Ex-leader Schroeder sues German Bundestag for removing perks

        Ex-leader Schroeder sues German Bundestag for removing perks

        • National Day
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        Schneider Electric evolves mySchneider IT partner program

        Schneider Electric evolves mySchneider IT partner program

        Telecom Egypt signs a national roaming agreement with Orange Egypt

        Telecom Egypt signs a national roaming agreement with Orange Egypt

        LG Egypt: Virtual brand shop provides unique shopping experience

        LG Egypt: Virtual brand shop provides unique shopping experience

        Wadi Degla selects Freshworks to delight members off the field

        Wadi Degla selects Freshworks to delight members off the field

        ICT Minister witnesses signing of MoU between ITIDA, Valeo

        ICT Minister witnesses signing of MoU between ITIDA, Valeo

        Nokia, EAI sign pact for manufacturing Nokia phones in Egypt

        Nokia, EAI sign pact for manufacturing Nokia phones in Egypt

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          Cabinet approves new decisions to improve business climate

          Cabinet approves new decisions to improve business climate

          Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

          Military production min., Egyptian amb. to Sudan confer on boosting co-operation between Egypt, Sudan

          Saudi Egyptian Company acquires minority stakes in 4 companies

          Saudi Egyptian Company acquires minority stakes in 4 companies

          Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

          Egypt’s monthly inflation rate increases by 0.9% in July: CAPMAS

          Analysis: Streamlining business for luring direct investment

          Analysis: Streamlining business for luring direct investment

          Arab Developers Holding contracts with Incomercial to lease Park Mall in New Cairo

          Arab Developers Holding contracts with Incomercial to lease Park Mall in New Cairo

          Trending Tags

            • Real State
          • SPORTS
            Dortmund stage late comeback to claim 3-1 win at Freiburg

            Dortmund stage late comeback to claim 3-1 win at Freiburg

            Liverpool will only sign the ‘right’ players despite injuries, says Klopp

            Liverpool will only sign the ‘right’ players despite injuries, says Klopp

            Kyrgios produces another showstopper to down compatriot de Minaur

            Kyrgios produces another showstopper to down compatriot de Minaur

            Fifa: Start of 2022 World Cup brought forward by one day

            Fifa: Start of 2022 World Cup brought forward by one day

            Fowler, Day make early bid in Memphis to keep season going

            Fowler, Day make early bid in Memphis to keep season going

          • ENTERTAINMENT
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            How ‘pinkflation’ is sending women’s fashion prices soaring

            How ‘pinkflation’ is sending women’s fashion prices soaring

            African wildlife parks face climate, infrastructure threats

            African wildlife parks face climate, infrastructure threats

            Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

            Egypt conducts hearing screening for 3.4 million children as part of presidential initiative

            John Hopkins: Coronavirus cases worldwide exceed 586m

            John Hopkins: Coronavirus cases worldwide exceed 586m

            As Spider-Man turns 60, fans reflect on diverse appeal

            As Spider-Man turns 60, fans reflect on diverse appeal

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              3 Egyptian airports among top 10 in Africa

              Fighter jets accompany President Sisi during his visit to Serbia

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              Robots used this year to serve pilgrims at Grand Mosque

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              Google faces internal battle over research on AI to speed chip design

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          Home Business Real State

          Gates Developments escalates construction rates of its projects

          by Hamed Mahmoud
          December 6, 2021
          in Real State
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          Gates Developments escalates construction rates of its projects

          Ali Gaber, Chief Commercial Officer at Gates Developments

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          Gates Developments announced the escalation of construction rates of its three projects in New Administrative Capital and west Cairo, as part of its plan to adhere to execution schedule, besides to fulfill its contracts with Administrative Capital for Urban Development (ACUD) company and clients.

          Ali Gaber, Chief Commercial Officer at Gates Developments, said that the company has reached 70% of construction rates of Catalan project, which is a residential project located on 40 acres with a total investment of LE1.8bn in the heart of the R7 area. Additionally, the company has completed 60% of Audaz project constructions. Audaz is a commercial mall situated in financial and business district at the New Capital.

          Gaber added that construction rates of West Gate project in 6th of October city, west Cairo, have reached 40%. The project is a commercial mall located in the west Cairo region.

          The company is working with its full operational capacity to speed up construction rates of all its projects, he noted, elaborated that the commitment to execution maintains the company’s credibility towards its customers.

          He further explained that the companies’ ability to continue and compete strongly in the market depends on volume of construction, and the commitment to delivery dates in order to be able to gain customer’s confidence.

          The periodic follow-up carried out by ACUD is very important to ensure that executive position of projects matches specific plans and contracts, which prompts more construction in all projects, thus accelerating rates of development in various projects and speed up life transition to the New Capital, he disclosed.

          He expected hikes in property prices in the coming period as a result of high cost of raw materials due to global inflation, besides, high construction cost with the transfer of all ministries to the New Capital and the beginning of actual life there.

          Accordingly, real estate companies continue to support purchasing power of customers, he noted, pointed out that mortgage is the most effective solution in the market in general.

          He concluded: “Gates is one of the leading companies in real estate sector and was established in 2018 with total investments exceed LE7bn in the New Capital. The company has a clear and specific strategy to develop projects with a distinctive real estate footprint in the local market.”

           

          Tags: AUDAZGates DevelopmentsNAC
          Hamed Mahmoud

          Hamed Mahmoud

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