DIG company has signed a strategic partnership contract with Al Tabarak for Construction and Engineering Works to accelerate the pace of implementation in its projects and expand in significant projects during the upcoming period.
Hussein Salah, Chairman of the Board of Directors of DIG, said that the signing with Tabarak for Construction and Engineering Works is a strong message of the company’s seriousness in accelerating the rates of implementation in its projects in East and West Cairo, believing in the importance of commitment to delivery deadlines to clients. It is planned to inject one billion pounds into construction works during the current year, as the company’s plan relies on 2024 being the year of execution.
Hani Helmi, Managing Director of DIG, stated that investment in Administrative Capital remains the optimal choice for developers or clients. He confirmed that everyone who invested in this large project achieved significant gains, and the Administrative Capital market remains the strongest.
During the company’s conference, it was confirmed that the upcoming period will witness stability in prices, whether for building materials or real estate. Increases in unit prices will be acceptable and logical and will not witness significant jumps like last year.
Amany Awad, a DIG Board member, stated that the company is implementing Track 10, Track 12, Track 14, and Track 20 projects in the New Administrative Capital, in addition to the Z4 Project in Zayed Gardens in West Cairo. She pointed out that the company adopts strong sales and marketing plans that suit its expansion strategy and cater to different segments of customers, noting that DIG has succeeded in creating a positive climate in the market and strengthening trust bridges with clients.
The “Track 10” and “Track 14” projects are located in a prime area in Downtown near petroleum companies and the gold market, with total sales of 1.2 billion pounds. Track 10 is a commercial, administrative medical project, 2500 square meters, consisting of ground and 10 floors, and scheduled to be delivered in 2025.
Track 14, a commercial administrative medical project, is located in an area of 2500 square meters, consisting of ground and 14 floors, and is scheduled to be delivered in 2025. Track 12 is located in the New Administrative Capital in front of pharmaceutical companies, on 2,500 square meters. It includes a ground floor and 12 repeated floors with commercial, administrative, and medical activities. Project Track 20 is a mixed-use project comprising commercial, administrative, and medical units, consisting of 5 basements, a ground floor, and 14 repeated floors with investments of 1.5 billion pounds.
Mohamed Fawzi, CEO of DIG, stated that his company achieved 3 billion pounds in contractual sales during the past year, and the company targets achieving 3 billion pounds in sales during the current year, adding that the company plans to launch a new project in the Administrative Capital to be announced in a few weeks. The company also plans to launch a residential project by the end of the year, indicating that DIG adopts an ambitious plan based on execution and expansion simultaneously based on the company’s strong financial position.
Engineer Mohamed Hassan Osman, Chairman of the Board of Directors of Al Tabarak for Construction and Engineering Works, expressed the fruitful partnership with DIG, confirming that it is one of the strong entities that have proven their strength in the Egyptian real estate market.
He said that Al Tabarak for Construction and Engineering Works was established 28 years ago and has succeeded in implementing several significant projects in various Egyptian governorates, executing residential and commercial projects, in addition to hotels, hospitals, and educational facilities. The company also has a branch in Saudi Arabia and targets projects in the Kingdom and entering the Libyan market during the upcoming period.
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