Gates Developments, a leading real estate developer, announced the completion of excavation work and the start of concrete pouring for its flagship project, Space commercial complex, on 26th of July Axis next to the Police Mosque in Sheikh Zayed. The project is strategically located in one of the most important areas in West Cairo, which allows easy access from all directions, making it serve all residential projects in West Cairo. The project is built on an area of 8.5 acres and is one of the most important commercial, administrative, and medical projects in Sheikh Zayed.
Hassan Nasr, CEO of Gates Developments, said that the excavation work for the Space commercial complex project has been completed, which is an important stage preceded by many stages of design, review, and approval, detailed drawings, coordination between consultants, project contractors, excavation and backfilling work, followed by accelerated steps to complete the project, which gives a strong indication of the completion of the project on time with the clients. Especially since the company has contracted with Gates Con to implement its project with the highest quality standards, stressing the company’s keenness to speed up the completion of the project to fulfill its obligations towards the clients and contribute effectively to raising development and employment rates.
Nasr added that the project is one of the projects that combines luxury and sophistication to match the modern lifestyle, thanks to the different designs that appear for the first time in Egypt, which were designed and supervised by the office of Engineer Raef Fahmy, with a total building area of approximately 46,137 square meters and investments of more than 5 billion Egyptian pounds. Gates Con, one of Gates Developments’ sister companies, has already started the actual construction work, which makes us confident that the construction will be completed according to the highest quality standards. Especially since Gates Con has long experience in the Egyptian real estate market and has established many major projects.
Nasr continued, “The Space commercial complex project is scheduled to be operational in 2027, which is the date specified in the contract with the clients. The company is working at full capacity to implement and deliver on time, in cooperation with several distinguished companies to implement all the details of the project. Gates Developments is one of the companies that always seeks to use everything new to provide a distinguished product to gain the customer’s trust. We aim to provide added value to the real estate market that guarantees clients a good investment at a price that matches the investment value, in addition to focusing on services and operations and providing everything new, as we believe these things increase the value of investments in our projects. Especially the landscape areas reach about 24,592 square meters, which adds a difference from similar projects, where the total building area of the shops reaches 8,291, the total areas allocated for restaurants are about 10,985 square meters, and the total areas of administrative offices are 20,238 and the total areas allocated for medical clinics are about 6,623 square meters.
The Space commercial complex project is one of the most important commercial, administrative, and medical projects in West Cairo, especially since the company has contracted with a number of distinguished international brands for the first time in Egypt in order to exploit the trademarks and partnership with some of them. This is a new strategy for the company that aims to settle clients before construction, where the designs are made according to their desires and the areas are determined according to their needs. “eet well” is a global restaurant agent from Greece and Wissam Sargi Beauty Lounge is one of the most famous beauty clinics in Lebanon and the famous Lebanese Qarnfel restaurants.
He pointed out that despite the significant increase in the prices of building materials, the company was able to provide the necessary raw materials for regular work, and contracts are being negotiated for the rest of the supplies in order to ensure commitment to the clients with the schedule and quality rates.
Gates Developments’ strategy is based on achieving sustainable growth through developing and building diverse projects, aiming to provide high-quality and innovative real estate projects in Egypt. The company works to meet the needs of the market and improve the customer experience, as well as to expand the real estate portfolio to include a variety of properties, such as residential, commercial, and tourist, which helps it to provide multiple options for clients and benefit from growth opportunities in different sectors. The company pays great attention to the quality of projects and the application of the latest technologies and standards in construction and design and strives to provide unique and innovative solutions to meet the needs and preferences of customers and improve their experience. The company is currently studying expansion opportunities in new geographic areas based on market analysis and expected demand, exploiting emerging opportunities, expanding the customer base, and reaching new markets.
