Mohamed Edris: We are negotiating over a 100-acre area in Sheikh Zayed and the launch of Palm Gardens soon
Mabany Idris unveiled its expansions in the upcoming period with a special focus on carrying out projects East and West Cairo.
According to Chief Executive Eng. Mohamed Idris, the plan features a diversified portfolio and an emphasis on residential, service, commercial, administrative, medical and hospitality projects.
Mabany Edris has wide expertise that it gleaned from residential, non-residential projects it carried out in West Cairo and New Assiut, he explained.
” The company is desirous to invest in the New Administrative Capital and mulls over service projects, particularly in the medical sector in which the company has exceptional expertise, with it carrying out Rofayda Health Park at Sheikh Zayed City, a forerunner of integrated medical projects West Cairo.
Mabany Idris mulls over obtaining 100 acres in New Sheikh Zayed City, he explained. ” The company seeks to execute serviced- apartments in Sheikh Zayed City owing to the growing interest in premium branding residences which are likely to show up in parallel with the inauguration of the Egyptian Museum and the consequent pick-up in tourists arrivals West Cairo.
Mabany Edris is poised to launch Palm Gardens West Cairo over an area of 30 acres, as the project consists of multi-sized villas.
As regards Asayla New Assiut, Upper Egypt’s first fully integrated compound , CEO of Mabany Edris said that the company has finalized the promotion of the project as a whole and expects selling all units soon. Nevertheless, the project booked astounding sales in the face of Coronavirus outbreak, implying its distinctiveness and the presence of real, active demand for Upper Egypt’s cities, high-end units and serviced apartments.
Up to 30 percent of the project’s constructions has been accomplished in conjunction with starting digging works at Holiday Inn hotel which is managed by InterContinental Group IHG, as it is the first hotel in Upper Egypt to be run by a world-class company.
Asayla Compound’s Holiday Inn hotel consists of 157 premium branding apartments, overlooks a strategic location nearby Assiut City along the river banks of Nile River and in close proximity to the city’s cultural landmarks, both Assiut and Sphinx University.
Holiday Inn, a 4-star hotel that provides 5-star services, is expected to be inaugurated in 2024, has EGP250mln investments and aspires to become an ideal destination for tourists, recreationists and businesspeople.
Holiday Inn hotel consists of a whole set of visitor rooms, not to mention up-scale amenities that include 4 meeting rooms ( 545sqm), 3 celebration halls (450sqm) with a 1000-person capacity, let alone a hygiene spa, fitness center and a swimming pool.
Mabany Edris logged outstanding sales in record time at 6th of October City’s Green 6, whose ministerial decree has been issued.
Green 6, situated in the northern expansions of 6th of October city, attracts up to 1bn investments and culminates Green’s top-notch series of projects that Mabany Edris has finalized over the past several years during which the company introduced creative, high-end real estate products with highest satisfaction rates from customers.
Green 6, spanning an area of 12 acres, includes 370 residential units (apartments) with spaces ranging from 110 to 250sqm, on top of various services, namely green areas, a social club equipped with a swimming pool, a pitch, a social building, a track and a kids area, besides an underground garage and 24-hour maintenance and security services.
Mabany Edris has up to 20-year experience in real estate development, during which it carried out top-notch real estate projects, residences and services. In West Cairo, it executed The Block, a fully integrated administrative and commercial complex and a series of compounds, Green 1,2,3,4,5,6, not to mention Sheikh Zayed City’s Rofayda Health Park.
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