BROUQ Developments Group targets to invest 7 billion Egyptian pounds in the Administrative Capital during 2023

BROUQ Developments Group, announced its plan to invest 7 billion Egyptian Pounds in the New Administrative Capital, including a package of various projects that the company plans to launch during the current year.

Eng. Ibrahim Elsyed, BROUQ Developments CEO, said that the company’s success in launching and marketing its pioneer project “Spark Capital Insight” in the New Administrative Capital encouraged the company to launch more distinguished projects in the Capital, referring to the size of the strong investment opportunities available in the Administrative Capital.

He added that “Spark Capital Insight” project is located on an area of ​​9,000 m² in block G15 in MU23 area in ​​the New Administrative Capital, and it is a mixed use mall (commercial, administrative, and medical tower) with a ground and 9 floors height, and the company is cooperating with Mimar Engineering Consultancy to put the project’s master plan, assuring that the company seeks to cooperate with all distinguished companies in the implementation of all the project’s details.

Alsayed also pointed that the company launched Centoo business complex, which is an administrative project located in a privileged location in the financial and business district on a total area of ​​5000 m² and is located on the central axis of the capital and in front of the Egyptian Stock Exchange and next to the Central Bank and the monorail’s central station and the electric train, besides the company also implemented Millar School project in the Administrative Capital, which reflects the size and diversity of the company’s portfolio.

He pointed out that the new administrative capital is a promising national project that enjoys huge interest, besides the governmental move to the administrative capital led to a complete life transition and an increase in the occupancy rate in the administrative capital, which means the existence of more investment opportunities and projects that will increase the occupancy rate during the coming period.

He noted that the company has a promising investment plan, aiming through it to diversify its projects portfolio and apply the clients requirements, based on market studies that determine the appropriate real estate product for targeted clients, taking into account market changes that affect clients’ purchasing decisions.