New Event Developments Company, is preparing to launch its latest project in the New Capital, coinciding with a surge in construction activity across its existing projects in the Egyptian and Saudi markets, in a move that aims to enhance its presence in the local and regional markets, while managing to maintain a balance between its ongoing expansion plans and its commitment to its current projects.
Dr. Hamid Al-Rgwy, New Event Developments Chairman, said that launching the new project reflects the company’s confidence in the Egyptian market, and assures its commitment to a balanced growth strategy, based on a well-planned expansion and simultaneous implementation both within Egypt and abroad, driven by clear plans and the company’s strong financial solvency.
He added that the anticipated project in the New Capital represents an extension of the company’s vision to select strategic locations with high investment potential and deliver a real estate product that aligns with market aspirations and reflects the quality standards the company adheres to in all its projects.
He noted that New Event Company managed successfully in less than a year to launch three projects in Jeddah in Saudi Arabia, which are: Jidia Towers, Sakan View, and Sakan View 2, besides the company is also preparing to launch its fourth project soon, as a part of an expansion plan aiming to strengthen its presence in the Saudi market.
He assured that the company has also acquired several plots of land in strategic locations within Jeddah, in order to support its sustainable growth plan and enhance its ability to develop projects that apply the needs of the Saudi market, noting that the company is preparing to expand in Riyadh as part of a strategic growth plan targeting a wider presence in the Kingdom’s most dynamic and influential cities.
He added that his company is keen on participating in the urban development boom taking place in Saudi Arabia, alignment with the Saudi Vision 2030, which represents an ambitious development framework that enhances real estate investment opportunities and creates a supportive environment for growth.
He emphasized that the company’s expansion in the Kingdom is based on meticulous market studies and in-depth analysis of client’s needs, in addition to commitment to high-quality standards in design and implementation, which represent the company’s adherence to project scheduled timetables, considering that disciplined execution is a key factor in enhancing clients and investors confidence and building a strong, long-term reputation in the Saudi market.
He showed that the company’s objective is not limited to numerical expansion in projects, but rather focuses on achieving sustainable growth and building a trusted real estate brand with a significant presence in Saudi Arabia.
Regarding the Egyptian market, New Event Chairman assured that the company is continuing to execute its projects at an accelerated pace, as the company had fully completed the concrete structure of “H Mall” project, and finishing works are underway, while 75% of the concrete structure of “Treve” project has been completed, in addition to the completion of excavation work and starts the constructions in “Qamari” project.
He noted that this construction progress, coinciding with preparations for launching a new project in the New Capital, reflects the company’s operational solvency and its ability to efficient management for multiple projects in diverse markets.
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