Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Egypt's Capital Link Developments introduces new project in NAC with EGP 2.5bn in targeted salesEgypt's Capital Link Developments introduces new project in NAC with EGP 2.5bn in targeted sales
Daily News Egypt Published in Daily News Egypt on 25 - 04 - 2022

Real estate developer Capital Link Developments launched its new project in the New Administrative Capital on Sunday during the company's annual Iftar party.
Ashraf Badea — Chairperson of Capital Link Developments — said that the new project is located in the NAC's R8 area with targeted sales worth approximately EGP 2.5bn. The project features many competitive advantages that guarantee it a strong position in the real estate market.
CCO at Capital Link Developments Ali Gaber stated that the company will receive the project's plot of land next month, and constructions will begin once necessary licenses are obtained with self-financing, disclosing that accelerating construction rates reduces risks resulting from high prices of building materials.
He added that "the company has an expansion plan in the coming period that focuses on expanding in the NAC and Sahl Hasheesh in order to develop a tourist housing project that achieves diversity in the company's project portfolio. Besides, meeting the needs of customers for a second home and the continuation of developing projects in the NAC enhances any investor's plan to expand their business."
Gaber also stated that the real estate market is witnessing a transitional phase in the current period as a result of high prices of building materials and its impact on cost of construction and selling prices for new units.
Nevertheless, the real estate market is able to face challenges due to its reliance on real demand as well as facilities provided by the state to support the sector, along with flexibility of real estate companies in providing several payment plans that suit customers' purchasing power.
The company's total projects portfolio comprises four projects in the NAC varying between commercial, administrative, and medical projects — namely 'Solano', 'Dorado', 'Verona', and 'Laval'.
Building permits were obtained for three projects, and the construction process began for two as part of its plan to maintain the timetable for implementation and delivery, he said.
The company eyes recording EGP 2bn of sales in its projects in the current year following the launch of the new project and the implementation of a restructuring plan.
Additionally, the company intends to be present in a number of real estate exhibitions during the current year, including 'Next Move' in June and 'Cityscape Egypt' in September, he concluded.

Clic here to read the story from its source.