Empire State Developments announced that it has reached 40% construction completion on its first project, El Centro Business Park, located in Downtown area at the New Capital.
This milestone is part of the company’s strategy focused on actual execution and strict timelines, reflecting a clear commitment to establishing itself as a serious player in the Egyptian real estate market.
Eng. Mostafa Mohsen, Chairman of Empire State Developments, stated that the achieved construction rates in such a short period demonstrate the strength of the company’s institutional structure and the precision of its pre-launch studies.
He added that launching a mixed-use project in one of the New Capital’s most strategic locations was part of a carefully planned vision to deliver sustainable operational and investment value, rather than just a conventional real estate development.
He explained that El Centro Business Park is being developed on a total plot of approximately 6,834 sqm and includes administrative, commercial, and medical units designed according to modern standards to meet the needs of companies and entrepreneurs.
Mohsen noted that the project focuses on achieving the highest operational efficiency, with a built-up area of around 1,570 sqm per floor. Additionally, the company has engaged strong expertise and distinguished partners to deliver an exceptional project in the New Capital.
He further pointed out that the mall serves as the cornerstone of the company’s investment portfolio in the New Capital.
The company’s project portfolio also includes EVET Mall in MU12 area, a fully integrated commercial and entertainment mall serving the growing residential community in the area and located near the New Capital’s gates, enhancing its operation and investment potential.
The company’s portfolio also includes the UPMOUNT Residential compound in the R8 area of the New Capital, introducing the true loft concept for the first time with innovative designs and open layouts for residents seeking a distinctive lifestyle.
Empire State’s Chairman emphasized that the company’s strategy in the coming phase focuses on maintaining steady execution rates, strengthening customer trust through transparency and commitment, and building a brand based on product quality and operational discipline.
He concluded that Egypt’s real estate market has matured and now places its trust in developers capable of delivering real results rather than marketing promises.
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