Unified Development launches its new project in the Downtown area
By Eman Hamed
Unified Development is preparing to launch an administrative commercial mall in the New Administrative Capital of Egypt, Downtown area , with investments exceeding 400 million pounds.
Engineer Mahmoud Al-Mansi, Chairman of the Board of Directors of Unified Development , revealed that the company is now working on completing the licenses to announce its latest project in the New Administrative Capital and to start executive work to establish an administrative commercial mall in the Downtown area, with investments exceeding 400 million pounds.
Al-Mansi said that the pace of work is proceeding in an accelerated manner to complete the work of Kaizen Language school, which is located on an area of 16,800 square meters in the most prestigious location in the R7 district of the New Administrative Capital and next to the Diplomatic District, designed on the latest architectural designs with investments exceeding 500 million pounds.
He added that the company is seeking to be existing into Egyptian real estate market by injecting new investments and transferring its experience in the Saudi market for more than 25 years to the Egyptian market by announcing a number of residential, hotel, commercial, administrative and educational projects.
Explaining that the company is preparing during the coming period to offer housing units in Al-Narjis area in the Beit Al-Watan project and a number of residential units in Al-Rehab area in the Beit Al-Watan project, in addition to preparing to offer hotel housing units, the first of its kind in West Horus, in New Damietta, next to Horus University.
Al-Mansi indicated that the company is keen to implement these projects according to the timetable prepared for those works and to speed up the completion of the implementation and construction operations to reduce the burden on the developer due to the sharp rise in the prices of building materials, especially cement and iron, the two main components of the construction process, adding that the company seeks to put these units up for sale after carrying out at least 30% on ground works.