Judo: Japan's Ono loses first bout since 2015    Swimming: US star Dressel wins 3rd goal in Tokyo, sets 100m fly world record    FBI probe shows amount of chemicals in Beirut blast was a fraction of original shipment    Germany signals growing impatience with Iran on nuclear deal    New Chinese investments pumped into SCZone    'Cooperation with Nile Basin countries key pillar of Egypt foreign policy': Irrigation minister    Ship tied to Israeli billionaire attacked off Oman, 2 killed    Asian nations impose stricter COVID-19 restrictions due to Delta outbreaks    Scarlett Johansson sues Disney over its streaming release of 'Black Widow'    Hatif Libya, U.S. Infinera sign deal to upgrade Libya's fibre optic network    Egypt proposes to host 2022 UN Climate Change Conference: Environment minister    Swimming: Dressel sets Olympic record in 100m fly    Ethiopia asks Algeria to correct Arab League's 'misperceptions' about GERD    Russia to send delegation to Egypt in August for its mega industrial zone project    Fitch forecasts Egypt's real GDP growth of 5.5% in FY2022/23    Qatar appoints ambassadors to Egypt and Libya    Ethiopia says 2nd GERD filling 'done according to 2015 DoP' with Egypt, Sudan    Europe on vacation, but vaccinations not taking a break    Over 1600 exporters applied to obtain their arrears through cash repayment initiative's 3rd stage : Finance minister    Egypt's transport start-up SWVL preps for Nasdaq listing after merger with Queen's Gambit    Father builds exoskeleton to help wheelchair-bound son walk    Russian delegation to visit Egypt today for Sharm al-Sheikh, Hurghada security checks    Remembering Roushdy Abaza: Egyptian silver screen's first man    Egypt signs 4 gold exploration deals with Canadian firm    Russia flights to Egypt resorts of Sharm el-Sheikh, Hurghada to resume on August 9    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Thanaweyya Amma exams resume after Eid Al-Adha holidays    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Etisalat Misr partners with Bassita to contribute to a Cleaner Nile    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    Egypt denounces Ethiopia's move to start second filling of giant dam    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Safwa Holding launches S-One in New Capital with EGP 750m in investments
Company received land plot in NAC in May 2021, and conducted surveying works this month
Published in Daily News Egypt on 14 - 06 - 2021

The Al Safwa Group Holding Company, represented by Al Safwa New Capital, has launched the S-One project, its first in the New Administrative Capital (NAC).
Located in the Downtown area of the capital, the project is built on an area of approximately 3,800 sqm, and consists of two mixed-use towers with a height of 10 storeys. It is diversified between commercial units, administrative offices, and fully-furnished hotel suites, a senior company official said.
Zakaria Al-Shamy, Board Chairperson at the company, said that the total investments of the project amount to about EGP 750m, and that the project features unique designs.
The company received the plot from the New Administrative Capital Company in May 2021, and conducted the surveying works this month, he said.
He added that the construction works will begin immediately, and delivery of the units will take place by 2024.
The Al Safwa Group began its activity in the real estate investment and contracting sector over 25 years ago in the East Cairo, Mokattam, and Nasr City regions, through its affiliated Al Safwa Real Estate Company.
Since then, it has penetrated into the New Cairo, Shorouk City, and the new Gesr Al-Suez area, Al-Shamy said.
He added that the group's activities have over time been diversified, with the establishment of the Al Safwa Company for Construction and Supplies to carry out engineering and construction works.
This was followed by the Al Safwa Studio for Design and Finishing, which specialises in finishing works, architectural designs, and decorations, and the group's latest company, Al Safwa New Capital Company. This undertakes real estate development projects in the NAC region.
The company's activities since its creation has ensured its place at the top the list of the largest and most successful real estate developers. Its prolonged history has meant that it has delivered nearly 3,000 residential and commercial units in more than six neighbourhoods and urban areas of Cairo, Al-Shamy said.
He added that the Al Safwa Company for Construction and Supplies has, over 20 years, implemented more than 200 residential and mixed-use projects.
These achievements, Al-Shamy concluded, are the results of the existence of qualified staff of approximately 250 employees, engineers, and technicians, who lead more than 2,500 workers. This is in addition to a financial group solvency, amounting to EGP 1bn, that is set to increase to EGP 3bn in the coming future.


Clic here to read the story from its source.