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Ashraf El-Shiaty, Chairman of “Shoura Group” announced that we have set “Developer X” to launch with a vision to diversify, and redefine the architectural character of the real estate market. He added that: “The current period is witnessing great interest from the state officials and its leadership in leading urban development and providing great support to real estate developers by providing plots, facilitating procedures for obtaining licenses, and launching many initiatives to support the real estate sector”.
El-Shiaty unveiled plans that “Developer X” is launching in the market with two project that define the meaning of Diversification at L.E 3 Billion in the cities of New Cairo and The 6th of October, that adds to the economical development of the country meeting the needs of both investors and consumers, attracting job opportunities and societal redefinement.
He states that they own a distinctive land bank throughout the state which enables them to possess as mentioned “the ingredients to success from where it all begins in the industry” supported by a long history of investments, financial solvency, and profound experience in a diversified array of fields that would set the brand and its projects implementation within a distinct placement that follows an urban footprint within the industry.
Ahmed Fouad, Managing Director and CEO of “Developer X” said that to enable our footprint to be strongly anchored in the ground, “Developer X” partnered up with 5 strategic agencies who are competent in the fields that they cater, including “SA Architects, Consultancy, architectural, and engineering; Arabian Peninsula, a pioneering contracting company; INComercial, for commercial project management considered to be one of the fastest growing in town; and finally Awkward holding and 199X as a robust marketing agency in the region, to be the main marketing partner for the brand.
Partnering up with “Saad El Din Group” We are set to launch an integrated Commercial, administrative and Social project in New Cairo, with a total of 1.6 Billion Egyptian pounds in investments; followed by our second project being a residential community in 6th of October, with a total of 1.4 Billion Egyptian pounds in investments, being it a total of 3 Billion pounds investment in the real estate market by “Developer X”, Fouad said.
He Said that with the relocation of the government to the New Administrative Capital and coming to an end with the unprecedented deferred demands caused by COVID19, he expects that there will be an expedited recovery in sales and investment within the market in 2021, that the brand looks forward to, being it convened by the World Economic Forum as the year of “The Great Reset” a theme that commits to jointly and urgently build the foundations of our economic and social systems for a more fair, sustainable, and resilient future.
Developer X, a true definition of quality, competency, flexibility and resilience within the real estate marketplace.
© Press Release 2020
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