Anchor Developments intends to launch its second project in the New Administrative Capital

Anchor Developments intends to launch its second project in the New Administrative Capital earlier next January, as part of the company’s plan to invest EGP 10 billion in real estate market within two years.

Amr Ali, Anchor Developments Chairman, said that the company is developing 3 plots of land in the New Administrative Capital, with a total area of 26,275 square meters, and they will be developed according to a strategic plan of implementing distinguished real estate projects, noting that the company’s success in marketing its first project “Rivoli” in a record time is supporting its plan to launch the second project.

He pointed that the state is implementing a generation of new cities, which include promising investment opportunities for all investors, besides providing strong facilities for serious companies that have strong and ambitious plans to participate in developing these cities, in addition to the presence of a legislative climate and successful investment experiences for companies operating in these cities.

He added that the New Administrative Capital is a promising national project which is witnessing a strong leap after the completion of the state’s plan to operate it and the government’s transfer to its ministerial headquarters, and the operation of many services, which lead to achieving a high occupancy rate and a huge increase in citizens tendency to live or invest in the Administrative Capital, which proves that the NOW is the best opportunity for clients seeking a property with affordable prices and endless advantages.

He assured that the Administrative Capital is a strong market that receive all companies, which support competition that enables all companies to implement innovative ideas in their projects, and provide innovative payment systems that support the client’s purchasing power, and these are factors that support the tendency of more clients to buy, as well as companies to implement new projects to meet the growing demand.

He added that Anchor Developments is affiliated with a strong entity that owns 30 years of experience in the field of construction and contracting, which is “El Sarh” Holding Company, and the company decided to take advantage of this experience and invest in the New Administrative Capital due to its importance as a national and promising investment project.

He confirmed that the company is benefiting from strong expertise in various details of implementation of its projects, thus achieving experience integration between Anchor Developments and other companies, as they contracted with Medad Consultant Engineers, MRB to operate its first project “Rivoli”, and the company plans to contract with new strong and distinguished entities in all the upcoming projects.