Rwabet Developments Company announced the launch of its first business in the Egyptian real estate market, Sela.
(sela Business Hub) in the financial district in the New Administrative Capital, with investments exceeding 4 billion pounds.
Mr. Mohamed Magdy, Head of Marketing Sector, explained that Rwabet Company aimed, when entering the investment and development in the Egyptian market, to provide a distinguished and unique real estate product that represents a strong addition to the market and to the name and reputation of Links Company and establishes its name in the minds to be among the real estate companies operating in the Egyptian market.
Mr. Mohamed Magdy, Head of Marketing Sector:
Rwabet owns a large and diverse portfolio of lands
Mr. Mohamed Magdy said that the distinction of the location is the main factor in marketing and selling any project, so we had to choose a distinguished location to be the difference between our project and any other project, and it was where Sela is located in the most distinguished locations in the financial district in the New Administrative Capital and with a direct view of the banking complex (Central Bank, Bank of Egypt, Cairo Bank, National Bank, Agricultural Bank) and Post Office, in addition to the Telecommunications Company (WE).
Sela is a unique project that will make a qualitative leap in the real estate market
The Head of the Marketing Sector pointed out that the “Sela” project is an integrated administrative project on an area of 6 thousand meters, consisting of a ground floor and 7 floors with a total of 300 administrative offices with areas starting from 50 meters.
Mr. Mohamed Magdy revealed the contracting with the engineering consulting office (Mod) to work on the engineering and architectural designs for the project. It is one of the largest consulting and engineering offices in the Egyptian real estate market and has a large and honorable work history that makes it an ideal choice to assign the project to.
Mr. Mohamed Magdy said that the company has put in place flexible payment systems to facilitate its customers with down payments starting from 10% and installments of up to 8 years. According to the project schedule, the project is scheduled to be completed and delivered in 2026.
The Head of the Marketing Sector revealed the company’s future plan, which aims to form a diverse investment portfolio of projects in a number of regions and cities, the most important of which is the New Administrative Capital, in line with The state’s development plans and support for its path adopted by President Abdel Fattah El-Sisi to make the new administrative capital a destination for investors worldwide, which has put Egypt on the roadmap.
He added that according to the expansion plan to direct its investments to New Cairo, Shorouk, and Sheikh Zayed City, and soon to head strongly to the North Coast, which has become the focus of the world’s attention.
Through this, we aim to make Rwabet Company among the ranks of real estate companies, and even a pioneer in real estate investment in the Egyptian market. He revealed the imminent announcement of an integrated residential project in Sheikh Zayed City to be the nucleus for implementing a series of projects.