alekhbaryia Archives - الصفحة 40 من 51 - جريدة الاخبارية

Al Khalij Development introduces Sun Gate project in New Zayed as part of its expansion plan

Posted on فبراير 9, 2025 by aberabozaher

Al Khalij Development introduces Sun Gate project in New Zayed as part of its expansion plan

Al Khalij Development debuts Sun Gate in New Zayed

Al Khalij Development launches Sun Gate Project in New Zayed as part of its plan to announce seven projects in west Cairo

Al Khalij Development

With a strong track record spanning approximately 25 years in the Egyptian and international markets, Al Khalij Development has announced the launch of its latest project, Sun Gate, in one of the most prime locations in New Zayed City. The project is part of a robust investment plan for West Cairo in 2025.

Executive Member of Al Khalij Development Hassan El-Sayed Hassan stated that the launch of this project aligns with the company’s vision of delivering a comprehensive real estate product that meets customer demands. This approach ensures a relationship built on trust and credibility between the company and its clients. Accordingly, the project has been strategically located in zone 5, New Zayed City.

He explained that the project is a fully integrated residential compound spanning 5 acres, featuring units of various sizes ranging from 225 sqm to 375 sqm. The development includes townhouses and standalone villas, offered with flexible payment plans and installment options ranging from 6 to 14 years.
Hassan noted that the company prioritizes precision and commitment in all its projects to ensure delivery according to the specified standards and within the scheduled timeframe. Therefore, the company meticulously plans each of its developments, with customer trust being a fundamental pillar in providing the best possible options across all its projects.

He disclosed that the company will soon announce the launch of seven projects in exceptional locations within the Green Belt and Green Revolution areas, noted that the company plans to introduce two projects during the first quarter of this year as an initial phase of its investment strategy. This comes following the company’s success in its first projects in the Green Belt area—Residence Al Khalij in zone 1 and Park Valley Al Khalij in zone 2.

He added that the series of projects the company is launching aligns with the aspirations of clients seeking distinctive and fully integrated residential developments that offer the highest standards of luxury at the best prices and payment plans. This has contributed to the company securing a leading position in the real estate development sector in a short period.

He concluded highlighted that, over 25 years in the contracting sector, the company has successfully executed more than 350 projects in prime and exceptional locations. Additionally, the company has developed several projects outside Egypt, particularly in the UAE, Saudi Arabia, and Qatar.

In Egypt, it has undertaken multiple developments in Assiut, specifically in Al Moalemeen area, where it designed, constructed, and delivered Al Moalemeen Towers, showcasing the company’s extensive expertise in this field.

Cervantes Institute Director Stresses Importance of Language Learning in Boosting Tourism

Posted on فبراير 8, 2025 by aberabozaher

Cervantes Institute Director Stresses Importance of Language Learning in Boosting Tourism

Jose Manuel Alba Pastor, the director of the Cervantes Institute in Cairo, underscored the critical role language education plays for professionals in the tourism industry. He emphasized that learning languages is essential for enhancing tourists’ experiences, as it acts as a vital bridge for conveying information and culture between the host country and its visitors. Furthermore, he highlighted the role language learning plays in fostering cultural integration between tourists and their host nation. He pointed out that offering Spanish language programs and providing accredited certifications to learners can have a positive impact on the tourism sector and enhance cultural understanding.

Cervantes Institute

These remarks were made during the International Spanish-Egyptian Congress for Tourism, Hospitality, and Heritage (ISECT). The event, organized by the Sinai High Institute for Tourism and Hotels in Ras Sedr in collaboration with Complutense University of Madrid, Spain, took place from February 4th to 5th. The conference featured discussions on a wide range of scientific studies related to tourism, hospitality, and artificial intelligence, enriching the dialogue and exchanges among participants.

“Tourism is one of the most effective ways to enhance cultural exchange and bring people closer together,” Jose said. “The Cervantes Institute is proud to collaborate with local and international institutions that support cultural proximity activities, particularly in tourism. We were delighted to sponsor the ISECT alongside many prominent Egyptian and international institutions. These initiatives foster cultural closeness and, of course, contribute to strengthening national economies by developing one of their most significant pillars: tourism.”

Jose also highlighted that conferences like this provide an opportunity to discuss the latest developments and scientific research in tourism and hospitality, fostering academic and professional collaboration among experts and enthusiasts in this vital sector both locally and globally.

This conference marked its second edition and included sessions on mechanisms and measures to improve tourists’ experiences, enhance the operational efficiency of tourism institutions, and apply artificial intelligence in tourism and hospitality. The conference was organized under the supervision and sponsorship of the Ministry of Higher Education and the Ministry of Tourism and Antiquities, with notable attendance from university presidents, deans of tourism and hotel faculties, as well as experts and enthusiasts from within and outside Egypt.

Ontario Developments launches MMC project as the first medical complex in Al Andalus in Fifth Settlement

Posted on فبراير 8, 2025 by aberabozaher

Ontario Developments launches MMC project as the first medical complex in Al Andalus in Fifth Settlement

Ontario Developments launches MMC project with competitive payment systems with installments up to 8 years

Ontario Developments Company announced launching its latest project “MMC” which is the first specialized medical complex in the heart of Al Andalus district in Fifth Settlement in New Cairo, which the company is offering with competitive and distinctive payment systems, presenting an integrated model for medical facilities with the latest international standards.

Ontario Developments

For his part, Eng.Mahmoud Hamed Ontario Developments CEO, said that the project is located in a strategic location in Al Andalus in Fifth Settlement, which is an area with a high population density, which makes it close to the main axes and distinguished residential areas, which applies the increasing demand for specialized medical services in this vital area.

He added that the company is offering the project with flexible and competitive payment systems, besides the project coincides with a new phase the company is undertaking in its business, as the company currently owns a number of diverse residential projects in Fifth Settlement, in addition to a precedent work exceeds 50 separate projects in the central plateau district in Maadi.

He pointed that the company is preparing for a new phase of growth that will witness launching many projects in the coming period, so the company works on attracting competencies in the sales sector, as Mohamed Taha was appointed as Head of Sales sector, and Mohamed Fadl was appointed as Sales Director, as both of them has extensive experience exceeds 15 years in real estate development sector.

For his part, Mohamed Taha, Ontario Developments Head of Sales sector, said that starting work in the company in conjunction with the launching of “MMC” its pioneering project, adds to his strong experience, besides the company is offering this project with competitive payment systems with discounts up to 30% and payment periods up to 8 years.

He noted that the company is targeting sales up to 1.5 billion pounds during the current period, which comes within the company’s possession of a diverse portfolio of projects.

Mohamed Fadl, Ontario Developments Sales Director, explained that employing qualified human cadres enables the company to achieve its ambitious plans, as the company places among its priorities building a work team that possesses the necessary experience and efficiency to ensure working on projects according to the highest standards.

Slvr Communities debuts with RVR, the first of three projects set for 2025

Posted on فبراير 6, 2025 by aberabozaher

Slvr Communities debuts with RVR, the first of three projects set for 2025

Slvr Communities launches RVR, its first project, within a EGP 30bn investment plan over 5 years

Slvr Communities kicks off operations with its first project, RVR, spanning 2,000 sqm in New Cairo

Slvr Communities has officially entered Egypt’s real estate market, unveiling an ambitious plan to invest EGP 30bn over the next five years. This strategy highlights the company’s strong financial foundation and deep industry expertise, reinforcing its commitment to impactful growth.

Ahmed El-Sweisy, Chairman of Slvr Communities, highlighted Egypt’s ambitious urban development plan, which has created promising investment opportunities and fostered the rise of strong real estate players.
El-Sweisy said that Slvr Communities is committed to making a significant impact in the sector within a short timeframe.

Slvr Communities

He added, “Believing in the Egyptian government’s ambitious vision for urban development, we established Slvr Communities to contribute to this transformation. Our aim is to develop integrated projects that complement state initiatives while fulfilling the diverse needs of customers across residential and investment sectors.”

He further stated that Slvr Communities boasts a robust land bank, reinforcing its position as a key player in the Egyptian market. The company owns three land plots in different locations across New Cairo and plans to launch three projects in 2025. These include a residential development in the Sixth Settlement, a 3,200-sqm commercial, administrative, and medical project in the South Academy area, and the RVR project, which is currently being launched.

He noted, “We selected east Cairo for our first three projects in 2025 due to its strong investment potential, the government’s commitment to infrastructure development and service enhancement, and the area’s high occupancy rates, making it a prime destination for both customers and investors.”

Slvr Communities’ chairman explained that the company is currently negotiating to expand its land portfolio in Sheikh Zayed City and a coastal area. Slvr Communities aims to diversify its investment portfolio to meet customer demand for distinctive projects in various locations.

He disclosed that all company projects are self-financed, reflecting its strong financial position, pointed out that the company seeks to expand its projects across different regions, establishing a presence in the largest number of new cities within a short timeframe to meet the growing demand for diverse developments.

The company continuously studies attractive investment opportunities, carefully selecting those that meet the highest standards of quality and excellence for its customers, El-Sweisy concluded.

Mohamed Sabea, Chief Commercial Officer of the company, said that the RVR project is located in the Fifth Settlement of New Cairo, overlooking Gamal Abdel Nasser Axis.

Spanning over 2,000 sqm, the project is a commercial and medical development with a ground floor and four additional floors. The company has strategically selected a prime location for its first project, aiming to introduce an exceptional real estate model that will leave a lasting mark in the Fifth Settlement, Sabea added.

He noted that the company has a clear and structured timeline for the project’s implementation. Excavation and leveling work began in January, with the project set for delivery by 2028. To ensure the highest standards, the company has partnered with leading industry experts, including Hafez Consultants, led by Mohamed Hafez, as the project’s engineering consultant, EHFS for managing and operating the medical units, and GATEWAY as business development consultant—each a well-established entity with a strong track record in its respective field.

He added that the company aims to achieve EGP 6bn in sales during 2025 following the launch of its first project, alongside plans to introduce two more projects within the year. This sales strategy aligns with the company’s execution plan, ensuring timely project completion and delivery to customers while maintaining the highest quality standards.

Eng. Mohamed Hafez, Chairman of Hafez Consultants, emphasized that he meticulously selects projects that complement his firm’s portfolio, ensuring they showcase distinctive architectural and engineering elements.
Leveraging its extensive expertise, the firm enhances these developments, turning them into architectural landmarks. The RVR project, with its prime strategic location, offers an ideal opportunity to craft an innovative and distinctive design, Hafez said.

He added that having a shared vision between the consultancy firm and the project’s developer streamlines the process, fostering creativity and innovation. With both parties committed to achieving an optimal design that aligns with the project’s operational requirements, the results are greatly enhanced. This approach is further reinforced by the early involvement of a dedicated operations management company, as demonstrated by the agreement with EHFS to oversee the project’s management and operations.

For his part, Dr. Mohamed Hesham, Country Director of Facilities and Operations at EHFS, stated that the collaboration with Slvr Communities adds significant value to his company’s portfolio of leading and distinguished projects. It ensures harmony between the architectural consultancy firm and the facilities management company, optimizing the use of the project without compromising the innovative and unique design, even as the project reaches completion. This reflects Slvr Communities’ attention to every detail.

Furthermore, Egyptian singer Mohamed Noor chose Slvr Communities to purchase a unit in their RVR project, becoming one of the company’s key clients in its first real estate venture. This decision was driven by the project’s competitive advantages, including its strategic location, cutting-edge architectural design, and strong financial solvency.

Mohamed Noor said, “I am proud to be one of the first clients to choose the RVR project for investment. It is a promising future investment, located in a pivotal area in New Cairo, making it the ideal choice for me. The team behind Slvr Communities possesses strong expertise and a clear, ambitious vision, which gives me confidence in my investment with them.”

From HUAWEI Tablets to Wearables: The Best Valentine’s Day Gifts for the Modern Couple

Posted on فبراير 6, 2025 by Fatma abdelhamed

With Valentine’s Day just around the corner, HUAWEI has announced some of the most important offers to celebrate the people who make our lives special.

.While gifts remain one of the most important ways to express appreciation, what has changed is the type of gifts themselves

Sure, flowers are a timeless gift, but why not go beyond the ordinary? These days, there are many options that can have a profound impact on someone’s life.

Huawei offers a range of devices, such as the latest HUAWEI WATCH GT 5 Series, which can be a thoughtful way for couples to complement each other in fashion and lifestyle.

A Match Made in Design Heaven: The HUAWEI WATCH GT 5 Series

.The HUAWEI WATCH GT 5 Pro caters to couples with contrasting yet complementary styles

Crafted with premium materials like aerospace-grade titanium alloy and nanocrystal ceramic, these smartwatches are as durable as they are stunning.

The 46mm version boasts a rugged titanium alloy design, paired with either a sporty black fluoroelastomer strap or a sophisticated titanium strap for formal occasions, which reaches EGP 21,499 as a promotional price.

Meanwhile, the 42mm version features an elegant white ceramic case, with the bezel and crown polished to perfection with golden leaf facets, displaying elegance in full bloom, and is paired with either a Ceramic strap for a luxurious bracelet-like feel or a sporty white fluoroelastomer strap, which reaches EGP 27,999 as a promotional price, and with a gift of FreeBuds 5i headphones worth EGP 2,999.

:An Everyday Lifestyle Wear: HUAWEI WATCH FIT 3

.HUAWEI WATCH FIT 3 is perfect for couples seeking a lightweight, versatile smartwatch for daily use

.Its soft fluoroelastomer straps in black or white offer a sleek, modern look that fits effortlessly into any wardrobe

.The magazine-style UX interface provides an intuitive and visually appealing navigation experience, even during the busiest days

.The watch comes at prices of up to EGP 6,999 and EGP 5,999 after offers

:HUAWEI FreeBuds 6i

To add a special touch to this Valentine’s Day, HUAWEI is also offering deals on additional devices.

The HUAWEI FreeBuds 6i is available at an original price of EGP 4,499, with a promotional price of EGP 3,899.

These earphones feature active noise cancellation technology, providing a pure and distortion-free audio experience, in addition to Bluetooth 5.2 connectivity that ensures a fast and stable connection. Its battery lasts up to 30 hours with the charging case, making it ideal for everyday use.

:HUAWEI MatePad Pro 12.2

The HUAWEI MatePad Pro 12.2 is also available at an original price of EGP 56,999, with a promotional price of EGP 51,999, in addition to a Keyboard (Inbox) + M-Pencil gift.

.This device features a 12.2-inch high-resolution display that provides an exceptional visual experience, whether watching content or working

.It also comes with a powerful processor that ensures smooth performance, making it the perfect choice for studying or working

.The screen also supports HUAWEI M-Pencil technology, allowing users to write and draw with high precision

!Take advantage of these special offers and celebrate your loved ones in a special and unique way this Valentine’s Day

Egypt’s cardoO Enters the Virtual Reality Market with Power Through cardoO VR

Posted on فبراير 6, 2025 by Fatma abdelhamed

cardoO, Egypt’s leading company in smart consumer electronics and Internet of Things (IoT) technology, has officially launched cardoO VR, one of its most significant innovations in the world of virtual reality.

.This latest release seamlessly combines advanced technology with an ergonomic design, offering users an unprecedented immersive experience

cardoO VR provides versatile solutions tailored for gaming enthusiasts, students seeking interactive learning experiences, and professionals leveraging VR for complex industrial applications.

cardoO VR: A Gateway to the Digital Future Across Various Sectors

cardoO VR is more than just a gaming device; it is a sophisticated technological tool that extends beyond entertainment to education, medicine, engineering, tourism, marketing, and more.

.With its ergonomic design and cutting-edge features, these VR glasses redefine how users interact with digital environments

Gaming: The Heart of the Entertainment Experience

For gaming enthusiasts, cardoO VR transforms passive spectators into active participants. With an ultra-wide 100-degree field of view and 3D spatial audio, gamers can dive into lifelike experiences.

The glasses cater to various gaming genres, from high-speed action games to immersive racing simulations, ensuring an unparalleled level of engagement.

Education: Virtual Labs and Interactive Classrooms

.cardoO VR revolutionizes education, making virtual learning more realistic and engaging

Students can participate in immersive science experiments, attend interactive physics and chemistry simulations, or embark on virtual historical and archaeological tours without leaving their seats.

.Hands-on learning and 3D simulations enhance understanding and open new frontiers for educational institutions

Healthcare: Advancing Medical Training and Therapy

cardoO VR is a game-changer in healthcare, assisting in medical training and therapeutic applications. It enables surgeons and doctors to simulate complex procedures with exceptional precision and supports virtual therapy sessions for patients suffering from anxiety, phobias, and PTSD.

.Emergency response training also benefits from virtual simulations, equipping medical teams with life-saving skills in high-pressure scenarios

Engineering & Industrial Applications: Precision & Cost Efficiency

.Engineers and architects can explore and refine 3D designs and blueprints in a virtual environment before implementation

.cardoO VR enables virtual site walkthroughs, minimizing errors, saving time, and reducing costs associated with construction modifications

Virtual Tourism: Explore the World from Home

.Travelers can experience global landmarks from the comfort of their homes with cardoO VR

.From virtual museum tours to tropical beach getaways, users can preview destinations before traveling, enhancing the tourism experience

Marketing & Real Estate: Interactive Showcases

.Businesses leverage cardoO VR to create immersive product demonstrations, offering interactive previews that bring their products to life

.Real estate developers can provide virtual property tours, allowing buyers to explore homes before making purchasing decisions

An All-Inclusive Experience for the Future

.cardoO VR merges high performance with intelligent design, offering innovative solutions across multiple sectors

.As the VR landscape evolves, cardoO remains at the forefront, delivering smart technology that enhances everyday experiences

Advanced Optics for Exceptional Clarity

.Equipped with HD spherical lenses, cardoO VR provides a 100-degree field of view, ensuring sharp, immersive visuals

Select models feature built-in high-quality speakers, wired and Bluetooth connectivity, and a 15-hour battery life, delivering 3D spatial audio for a superior VR experience.

Ergonomic Design for Maximum Comfort

.Designed for extended use, cardoO VR is lightweight, ensuring long-lasting comfort

The glasses accommodate users with prescription eyewear, featuring adjustable focal and interpupillary distances. Their light-blocking design maximizes immersion.

Smart Controls & Multi-Device Compatibility

Compatible with iOS and Android smartphones (4.8″–7″), cardoO VR integrates intuitive smart controls, allowing users to answer calls, adjust volume, and navigate content effortlessly.

Optimized for Prescription Glasses Users

.Some models support myopia correction up to -6.00D, eliminating the need for wearing prescription glasses during use

Premium Packaging for a Complete Experience

cardoO VR comes in an elegant package, including a user manual, warranty card, and lens cleaning cloth, ensuring a seamless experience from the start.

:Ahmed Adel, Founder & CEO of cardoO, stated

“The launch of cardoO VR underscores our commitment to delivering cutting-edge technology that enhances user experiences. We believe VR will redefine how we engage with the digital world, and we are excited to offer a product that combines high performance with exceptional comfort.”

A Booming VR Market

.With over 171 million VR users worldwide, the global VR market is projected to reach $67.66 billion in the coming years

.This rapid growth highlights VR’s increasing demand across gaming, education, entertainment, and industrial applications

Availability & Pricing

cardoO VR models are now available for purchase online via www.cardoO.co and through partners including B.Tech, Vodafone, Amazon Egypt, and 5,000+ retail stores across Egypt. installment plans are available via Valu.

.cardoO VR GO: EGP 999 (instead of EGP 1,500 during pre-order)

.cardoO VR PRO: EGP 1,499 (instead of EGP 2,000 during pre-order)

.cardoO VR MAX: EGP 1,999 (instead of EGP 3,000 during pre-order)

For more information, visit: www.cardoO.co

:About cardoO

.cardoO is a leading innovator in the Egyptian technology market, specializing in IoT consumer electronics

With a mission to provide high-quality, affordable smart devices, cardoO is committed to revolutionizing how consumers interact with technology in their daily lives.

Central Bank of Egypt Hosts a Delegation from the Central Bank of Yemen

Posted on فبراير 6, 2025 by Fatma abdelhamed

In alignment to Egypt’s commitment to empowering cooperation with Arab countries across various fields, the Central Bank of Egypt (CBE) hosted a delegation from the Central Bank of Yemen (CBY), incorporating a specialized technical team to gain insights into Egypt’s pioneering experience in digital payment systems and services.

During the visit, the delegation explored the technical land operational aspects of Egypt’s diverse digital payment systems and services, as well as the CBE’s activities and services related to the SWIFT system.

Additionally, the delegation learned about the implementation of international standards in Real-Time Gross Settlement System (RTGS) and the continuous updates to its underlying technologies and mechanisms.

The visit is part of the ongoing bilateral cooperation between Egypt and Yemen in the field of payment systems and services.

It aims to qualify and train CBY’s cadres, while sharing Egypt’s experience in this regard, thereby contributing to the enhancement of Yemen’s technical and economic capacities.

The Egyptian and Yemeni sides agreed to strengthen their collaboration frameworks, exchange expertise, and continue future discussions on digital payment services, while building up the Yemeni national capacities to streamline and advance official financial transactions.

e& Egypt and Madinet Masr Ink a Strategic Partnership to Sponsor G.Talks

Posted on فبراير 5, 2025 by Fatma abdelhamed

e& Egypt a leader in telecommunications and information technology and Madinet Masr (EGX code: MASR.CA), one of Egypt’s leading real estate developers, announced signing a strategic partnership aimed at supporting G.Talks platform, formerly known as Grow Talks, over the next three years.

This collaboration reflects a shared commitment to inspire young generations, equip them with the tools and knowledge necessary to achieve their ambition.

The partnership aims to foster a positive impact on Egypt’s development and sustainable growth, promoting a culture of progress and community-oriented values.

Eng. Hazem Metwally, CEO of e& Egypt, Eng. Abdallah Sallam, President and CEO of Madinet Masr, and Shady Sherif, Founder and CEO of G.Talks, attended the platform’s launch ceremony, alongside a distinguished group of leaders from both companies.

G.Talks, hosted by Shady Sherif and produced by G Studio and The Podcast Production, is an interactive platform that shares the stories and experiences of inspiring figures from diverse fields. The program highlights personal journeys that have shaped paths to success, offering insights that help young people achieve their ambitions and navigate challenges.

Commenting on the strategic partnership, Eng. Hazem Metwally, CEO of e& Egypt, expressed his excitement in sponsoring G.Talks, stating: “At e& Egypt, we recognize the importance of investing in youth and entrepreneurs, as they are the backbone of Egypt’s future and economy.

Through G.Talks, we aim to support the creation of inspiring content that motivates young generations and empowers them to turn their aspirations into tangible realities.

This program serves as an ideal platform to showcase real success stories, providing role models for youth. Through our partnership in this initiative, we seek to reaffirm our ongoing commitment to fostering innovation and creativity.

From his side, Eng. Abdallah Sallam, President and CEO of Madinet Masr, said: “Madinet Masr is committed to fostering innovation and entrepreneurship in Egypt.

Our partnership with G.Talks platform aligns with this commitment, as we aim to create an environment that nurtures creativity and drives innovation.

We believe that Egyptian youth possess unique potential, and this partnership will help nurture their talents, turning their ideas into successful projects.” He added “By providing the right platforms and opportunities, we are working together to raise awareness among youth and equip them with the skills and knowledge needed to build a new generation of leaders and entrepreneurs who will shape the future and contribute to Egypt’s development.”

Shady Sherif, Founder and CEO of G.Talks, expressed his excitement about this partnership, saying: “G. Talks is a platform that offers a space for dialogue and knowledge share that empowers individuals to overcome challenges.

” He added: “The sponsorship by e& Egypt and Madinet Masr will help expand the platform’s reach and impact, allowing them to deliver more inspiring content to a wider audience.”

This strategic partnership represents the shared vision of both e& Egypt and Madinet Masr in building a brighter future for Egypt, while aligning with G.Talks’ ambition to empower youth.

By providing the necessary tools to acquire essential skills and knowledge, this platform aims to enhance creative abilities and build confidence in facing challenges with confidence and innovation.

Together, these efforts contribute to creating a more developed and sustainable society, reflecting a common vision grounded build on innovation and excellence.

Central Bank of Egypt Hosts the Financial Stability Board Regional Consultative Group

Posted on فبراير 5, 2025 by Fatma abdelhamed

The Central Bank of Egypt (CBE) – Co-chair of the Regional Consultative Group for the Middle East and North Africa (RCG MENA) – hosted the Financial Stability Board’s (FSB) RCG MENA Meeting.

The event was jointly chaired by H.E. Mr. Hassan Abdalla, Governor of the CBE, and H.E. Mr. Ayman Mohammed Alsayari – Governor of Saudi Central Bank (SAMA), and was held in Sharm El-Sheikh on January 29 – 30, 2025.

The event was attended by H.E. Mr. Khaled Mohamed Balama – Governor of the Central Bank of the United Arab Emirates (CBUAE) -, H.E. Mr. Bandar bin Mohammed bin Saoud Al-Thani – Qatar Central Bank Governor -, and H.E. Mr. Khalid Ebrahim Humaidan – Governor of Central Bank of Bahrain (CBB) -, as well as H.E. Mr. Wassim Manssouri – Acting Governor of Banque Du Liban -, along with senior officials from the member states of RCG.

In this regard, H.E. Mr. Hassan Abdalla, Governor of The Central Bank of Egypt (CBE), stated that Egypt’s hosting of the FSB meeting for the Middle East and North Africa aligns with the presidential directives to promote Egypt’s participation in international economic forums, as well as fostering integration with Arab and African countries. He also commended the vital role of the RCG’s Financial Stability Board, highlighting the key issues and topics addressed by them, which are essential for achieving financial and monetary stability, and enhancing economic collaboration among member states.

The meeting held discussions over a range of very important economic issues for RCG, the FSB’s recommendations for implementing the global framework of crypto-assets, and the progress of cross-border payment systems for member states, along with the Board’s initiatives in this regard, as well as the FSB’s work programme for 2025.

Worth mentioning, FSB is an international body that strengthens, monitors and issues recommendations regarding the global financial system to promote financial stability at the international level, in collaboration with financial authorities and international entities. The FSB encompasses 6 regional consultative groups, including RCG for MENA, which consists of 23 members from Egypt, Saudi Arabia, United Arab Emirates, Turkey, Tunisia, Qatar, Oman, Morocco, Lebanon, Kuwait, Jordan, Bahrain, and Algeria.

Egyptian Developers unveils Attracta, aiming for EGP 20bn in investments over five years

Posted on فبراير 4, 2025 by aberabozaher

Egyptian Developers unveils Attracta, aiming for EGP 20bn in investments over five years

Egyptian Developers launches Attracta in a prime location in El Shorouk City, eyeing further expansion

Egyptian Developers announces the launch of its latest project, Attracta, in El Shorouk city, as part of its plan to expand its investment portfolio to EGP 20bn within five years.

This initiative aligns with the company’s ambitious strategy to seize the best investment opportunities and offer them to its clients.

The project was officially unveiled during a grand press conference attended by a distinguished group of journalists and media professionals.

Abdel Rahman Abu Zeid, Founder and Chairperson of Egyptian Developers, stated that the project is strategically located in a prime area of El Shorouk city. It is situated on Gamal Abdel Nasser Axis and the Eastern Front Road at the third entrance of El Shorouk City, directly facing Al-Farouq Mosque.

Egyptian Developers

Abu Zeid said that the development enjoys a prime position at the intersection of three main streets at the entrance of Shorouk 3. It is also just five minutes away from the LRT station, three minutes from the Suez Road, one minute from the Ismailia Desert Road, and a few minutes from both Madinaty and New Administrative Capital.

He highlighted the importance of choosing a strategic and distinctive location that enhances the investment value of the project and provides the highest return on investment for clients. The project spans 13,000 sqm, with a ground floor and four additional floors.
The project is a mixed-use development, combining commercial, administrative, medical, and recreational spaces, creating a fully integrated mall.

The company aims to present it as a model project designed to fulfill the diverse needs and aspirations of its clients. It will offer a variety of spaces, ranging from 30 sqm to 600 sqm, to accommodate different customer requirements.

He also pointed out that construction is planned to begin within three months of customer occupancy, with delivery scheduled to take place three years after the contract. Additionally, the company has partnered with several distinguished success partners to execute a model project that meets clients’ expectations and adds value to mixed-use developments in Shorouk City.

He disclosed that the company aims to increase its total investment portfolio to EGP 20bn within the first five years of its operations. This investment will include a diversified portfolio covering both investment activities and the regions where the company operates, with the company’s total land bank ranging between 40,000 to 60,000 sqm.
Dr. Makhlouf Abd Rabo, CEO of Egyptian Developers, stated that the company has entered into agreements with InCommercial for management and operations, MH Architects for engineering consultancy, as well as Maap and Setra. These reputable entities are collaborating on various aspects to guarantee the successful development of a comprehensive, top-tier project.

He explained that Egyptian Developers is launching this new project while also accelerating the construction rates of its ongoing developments. In Jaya Business Complex project, the company has successfully increased the construction pace, with more than 80% of the project already sold. Furthermore, Jaya East Mall El Shorouk is 90% complete, with finishing works in progress, and over 80% of the units have been sold. More than 60% of Jaya Mark Mall El Shorouk, the second phase of Jaya East, has also been sold.

Abd Rabo noted that the company plans to invest EGP 1bn in the construction of its projects this year, with all developments being funded through self-financing. Additionally, the company intends to expand into new regions, particularly North Coast and Ain Sokhna, to diversify its investment portfolio and better align with the needs and expectations of its clients.

“Egyptian Developers is targeting EGP 3bn in sales from its projects this year, in line with the launch of its newest project and the continued release of new phases in its existing developments,” he disclosed. “Offering the right real estate product for targeted client ensures the best sales, based on solid market studies.”

For his part, Mohamed Mohy, founder of InComercial, stated that his company will handle the management and operation of the Attracta project, leveraging its extensive experience to ensure optimal performance.
Mohy explained that the partnership between the project’s management, operation, and design will lead to a flexible architectural layout that minimizes operational challenges. This approach aligns with Egyptian Developers’ focus on meticulous attention to detail, guaranteeing the project meets the highest standards and specifications.

Architectural consultant Dr. Mohamed Hendawi, founder and chairman of MH Architects said that the collaboration with Egyptian Developers enhances his company’s strong track record, as they share the same vision and focus on innovation and precision in executing engineering projects.

Hendawi emphasized that his company always strives to offer consulting solutions that ensure the highest standards of quality and safety, and is committed to providing comprehensive engineering consultations aimed at achieving excellence in design and execution, guaranteeing the project’s success and fulfillment of its objectives.

Ahmed Farouk, CEO of Maap, stated that his company is responsible for the design and electromechanical consulting of the Attracta project. This is part of their commitment to providing innovative and effective solutions that align with the latest global standards to ensure high-quality performance and sustainability in the project’s electrical and mechanical systems.

Farouk highlighted that his company strives to achieve the highest levels of efficiency and integration between all engineering systems, which enhances the success of the project and meets the expectations of all stakeholders.
Mohamed Shoukry technical president and founder of Setra Contracting commented that his company is responsible for the full implementation of the electromechanical works for the Attracta project.

Setra relies on the latest global technologies to ensure the highest performance and efficiency in building operations, drawing on its extensive experience in executing major projects in the UAE and Saudi Arabia. Setra is providing advanced engineering solutions for this project to ensure safe and sustainable operation of the building, Shoukry concluded.

Tourism Investment SAE and Marriott International Join

Posted on فبراير 4, 2025 by aberabozaher

Cairo House Egypt for Real Estate, Tourism Investment SAE and Marriott International Join Forces to Open an

Autograph Collection Hotel in the Mogamma at Tahrir Square

Cairo, February 4, 2025 – Cairo House Egypt for Real Estate has announced it has signed an agreement with Tourism Investment SAE and Marriott International to convert the historic Mogamma Al Tahrir into an Autograph Collection Hotel. The signing of the deal is a major milestone in the Consortium’s plan to repurpose the building into a prime hotel for the city and world class destination.

Bringing an Autograph Collection Hotel to the heart of the city is in line with The Sovereign Group of Egypt’s (TSFE) greater plan for revitalization of downtown Cairo, for which the Mogamma Al Tahrir will serve as an anchor and catalyst for future investments.

Marriott International

The development of the property will be led by the international consortium of developers and investors including Global Ventures Group, Oxford Capital Group, Al Otaiba Investments and Zoser Capital Partners.

Randall Langer, Chairman of Global Ventures Group, commented, “We are honored to work with Marriott International to bring an Autograph Collection hotel to the Mogamma Al Tahrir building. We value the Marriott alliance, the strong support of The Sovereign Fund of Egypt and the substantial efforts by the numerous team members that are bringing this project to life.”

The Autograph Collection Hotel is expected to comprise 500 guestrooms and serviced apartments, along with multiple dining and entertainment options. The hotel is also anticipated to feature a rooftop swimming pool overlooking Tahrir Square with views of The Nile and the distant Giza Pyramids. Other plans for the property include expansive meeting and event space, including a ballroom and unique outdoor pavilion, as well as a fitness center and spa.

The hotel will be situated within one of the most popular districts in the city center. The area is surrounded by embassies, government offices and financial institutions and is the focus of TSFE’s revitalization plan that will result in a new business, tourist and residential center in the heart of Cairo.

The investment into the Mogamma Al Tahrir complex signifies a catalyst to future investment into downtown Cairo and showcases Egypt’s strong initiative to boost their tourism sector.

For his part, John Rutledge, CEO of Oxford Capital Group, said, “We are excited to have achieved this important milestone with our longtime friends and professional collaborators at Marriott International and look forward to advancing this iconic project in the historic city of Cairo”

Shady Hassan, Vice President, Development – North Africa, Marriott International added, “We have had a long-standing presence in Egypt, and we remain committed to further enhancing our portfolio in the country and supporting the growth of its tourism sector.

Autograph Collection features curated properties that celebrate individuality and we look forward to working with the Consortium and The Sovereign Fund of Egypt to bring the brand’s distinct perspective on design and hospitality to the city.”

Autograph Collection’s portfolio currently features over 300 hotels globally. Each hotel is a product of passion and a personal realization of its individual founder’s vision, making each hotel singular and unique.

Hand-selected for their inherent craft, Autograph Collection Hotels offer rich immersive moments that leave a lasting imprint.

Kulture Developments launches its first 60-acre project in Sixth Settlement

Posted on فبراير 1, 2025 by Fatma abdelhamed

Kulture Developments has announced its entry into Egypt’s real estate market, marking the beginning of a new phase of development aimed at achieving market leadership in record time.

.The company is launching its operations with a promising project in east Cairo, spanning over 60 acres in the Sixth Settlement area of New Cairo

Mohamed Abdel Hamid, CEO of Kulture Developments, stated that the company is built on over 20 years of experience in real estate development sector. This extensive expertise will be leveraged to implement the company’s ambitious strategic plans for development and expansion in the real estate market, based on a clear, well-defined, and carefully studied action plan.

Abdel Hamid pointed out that the company’s strong start with its first project in east Cairo reflects its ambitious goals and the establishment of a significant real estate entity.

.He added that the company is backed by a shareholder structure with extensive experience and strong financial solvency

These shareholders are already involved in established real estate companies that are executing multiple projects in the market and have decided to launch a new company targeting the high-end Class A residential segment.

He noted that the company relies on a skilled and experienced team capable of ensuring a strong and distinguished entry into the real estate market. The team’s shared vision and dream, along with their expertise and competence, guarantee the company a leading position in the market in record time.

Abdel Hamid”: Kulture Developments, our mission is to provide integrated real estate solutions

Mohamed Abdel Hamid, CEO of the company, remarked, “At Kulture Developments, our mission is to provide integrated real estate solutions that meet the evolving demands of both local and international markets.

We are committed to blending modern design with exceptional quality while catering to the diverse needs of our clients. We are thrilled to begin our journey in the Egyptian market and aspire to lead the way by delivering genuine value through our innovative projects.”

.He explained that the company has an investment plan that includes a range of diverse real estate projects across various activities and locations

The company aims to develop projects that serve as landmarks in their respective areas, encompassing commercial, administrative, and residential developments.

All projects are designed to meet the needs of different market segments, add value to the real estate sector, and contribute to the implementation of the state’s comprehensive urban development plan.

Abdel Hamid highlighted the company’s commitment to collaborating with leading entities in the field of engineering consultancy for its projects, ensuring the realization of its vision to deliver high-quality developments with exceptional standards and attention to details.

He further disclosed that the company will soon announce its first project in the real estate market, which will serve as a strong launch and reaffirm its commitment to adding value to Egypt’s real estate sector and fulfilling customer aspirations.

He concluded that the company’s strategic plan aligns with the state’s development agenda, selecting project locations based on areas targeted by the government for urban development.