New Event Developments, a real estate development company, has announced the acquisition of a new investment opportunity in the R8 area of the New Administrative Capital. The company plans to develop an integrated residential project on this land that will offer distinctive features to customers in the New Administrative Capital and is preparing to launch it next month.
Dr. Hamid Al Rgwy, Chairman of the Board of Directors of New Event Developments, stated that the company has always been committed to providing its customers with the best possible products and services. In line with this commitment, the company has chosen a prime location in the R8 area of the New Administrative Capital and has contracted with consultant Yasser Al Beltagy to develop a design that preserves the project’s distinction and enhances its competitive advantages.
Mr. Al Beltagy is a renowned architect with extensive experience in designing projects both inside and outside the Egyptian market. He has agreed with New Event Developments to create an innovative project in all its architectural details, in line with the nature of the area in which it is located and the requirements of the Administrative Capital for Urban Development company.
The project is scheduled to be launched in May and will cover an area of 25 acres. The company has already received the allocation notice and the land delivery minutes. It aims to offer a variety of real estate products in the project that will cater to both local and foreign customers.
The project will take into account technological developments in all its details to provide customers with a comfortable and luxurious lifestyle and a distinctive quality of life.
This is the company’s third project in the New Administrative Capital, reflecting its strong confidence in the city as a promising project with a huge global investment future.
New Event Developments is repeating its investment experience in the New Administrative Capital and has acquired its third project as part of its ambitious expansion plan to increase its investment portfolio in the Egyptian real estate market. This is in light of the huge opportunities and facilities available in the Egyptian market.
The company is working hard on its existing projects and is pumping in large investments to raise implementation rates, in parallel with working on acquiring new projects. Commitment to customers is a cornerstone of the company’s work, which has enhanced its customer confidence and credibility in the real estate market.
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