Margins Developments Company announced its participation in Minor Leadership Summit 2023, which is organized by Minor International Group in Bangkok, with the participation of Eng. Mohamed Al Aasar Margins Developments Chairman, and Eng. Ashraf Shaheen the company’s CEO.
Eng. Mohamed Al Aasar, Margins Developments Chairman, appreciated this kind invitation to attend the annual conference of Minor International Group, which is regarded as a success partner for his company in its project “OAKS Egypt New Capital Apartments & Suites”, in the New Administrative Capital, assuring the importance of this cooperation and its role in enhancing the development and investment value of the project.
He pointed that this is the first project for Minor International in the Egyptian market, which is a hotel project located in the heart of the New Administrative Capital at the entrance of the Central Park, on an area of 9239 meters, with total investments exceeding two billion pounds for the project, and added that the project is planned to be opened in 2025.
Eng. Al Aasar assured that the presence of Minor International Group for the first time in Egypt and the New Administrative Capital through the company’s project confirms the importance of foreign investments in the Egyptian real estate market, in addition to the presence of real growth indicators in the Egyptian economy, besides the reflection of the project’s excellency, and how it aligns with Minor’s standards.
He also pointed that Minor Group owns, manages and operates more than 550 hotels and resorts in 55 countries all over the world, within more than 80,000 rooms, from Asia to the Middle East, Europe, South America, Africa and other countries.
He indicated that the administrative capital is a national project, a smart and sustainable city that attracts the admiration of all investors from all over the world, and within the continuation of development and the gradual transition to it, it continues to attract the attention of foreign investors, pointing that Egypt is regarded as an important commercial center for companies that aim to expand in the Middle East.