By Eman Hamed
Egyptian developer DIG has signed a strategic partnership with Al-Tabarak Construction Engineering Works to accelerate the pace of implementation of its projects and expand into major projects during the coming period.
Hussein Salah, Chairman of DIG, said that signing with Al-Tabarak Construction Engineering Works is a strong message of the company’s seriousness in accelerating implementation rates in its projects in East and West Cairo, out of its belief in the importance of adhering to customer delivery dates.
He added that it is planned to pump one billion pounds into construction work during the current year, as the company’s plan is based on 2024 being the year of implementation.
Pointing out that DIG is preparing a timetable that will be announced within the next few days, which includes a plan and implementation stages in its projects in the Administrative Capital, as well as delivery and operation dates.
For his part, Hany Helmy, Managing Director of DIG, said that investing in the Administrative Capital remains the ideal choice, whether for developers or customers, stressing that everyone who invested in that large project achieved great gains, and the Administrative Capital market is still the strongest.
Helmy stressed that the coming period will witness stability in prices, whether building materials or real estate prices, indicating that increases in unit prices will be acceptable and logical and will not witness large jumps as happened last year.
Omneya Awad, a member of the Board of Directors of DIG, said that the company is implementing Track 10, Track 12, Track 14, and Track 20 projects in the New Administrative Capital, in addition to the Z4 Janna Zayed project in western Cairo.
Awad confirmed that the company is adopting strong sales and marketing plans that suit its expansion strategy and suit different segments of customers, pointing out that DIG has succeeded in creating a positive climate in the market and strengthening bridges of trust with customers.
“Track 10” and “Track 14” projects are located in the most prominent area of Downtown, near oil companies and the gold market, with total sales of 1.2 billion pounds.
Track 10 project, a commercial, administrative and medical project, is located on an area of 2,500 square meters, consists of a ground floor and 10 floors, and is scheduled for delivery in 2025.
Track 14 project, a commercial, administrative and medical project, is located on an area of 2,500 square meters, consists of a ground floor and 14 floors, and is scheduled for delivery in 2025.
Track 12 project is located in the New Administrative Capital in front of pharmaceutical companies, on an area of 2,500 square meters, and includes a ground floor and 12 recurring floors with commercial, administrative and medical activities.
Track 20 project is a mixed-use project that includes commercial, administrative, and medical units. It consists of 5 basements, a ground floor, and 14 floors.
Track 20 directly overlooks the central park, the Grand Mosque, and the tourist promenade, on an area of 5,250 square meters, at an investment cost exceeding 1.5 billion pounds.
Z4 Janna Zayed project is a commercial and medical project on an area of 2,500 square meters and serves a residential area of more than 10,000 people.
Mohamed Fawzy, Executive Director of DIG, said that his company succeeded in achieving 3 billion pounds in contract sales during the past year, and the company aims to achieve 3 billion pounds in sales during the current year.
He added that the company is planning to launch a new project in the Administrative Capital, which will be announced within a few weeks. It also plans to launch a residential project by the end of the year, pointing out that DIG is pursuing an ambitious plan based on implementation and expansion at the same time based on the company’s strong financial solvency.
For his part, Eng. Mohamed Hassan Othman, Managing director of Al-Tabarak Construction Engineering Works, expressed the fruitful partnership with DIG, stressing that it is one of the strong entities that was able to prove its strength in the Egyptian real estate market, stressing that the coming period will witness the launch of strong projects as a result of cooperation between The two companies.
Othman said that Al-Tabarak Construction Engineering Works was established 28 years ago and has succeeded in implementing a number of major projects in various governorates of Egypt, as it implemented residential and commercial projects, in addition to implementing hotels, hospitals, and educational facilities.
He added that Al-Tabarak Construction Engineering Works has a branch in the Kingdom of Saudi Arabia and aims to implement projects in the Kingdom, and also aims to enter the Libyan market during the coming period.