Latest news with #HafezConsultants
Zawya
5 days ago
- Business
- Zawya
Egypt: Prime Developments, Osoul for Tourism Development launch CLAN project in Hurghada
Egypt - Prime Developments, in partnership with Osoul for Tourism Development, has announced the launch of its latest venture, the CLAN project in Hurghada, with total investments of EGP 1.25bn. The launch event was attended by senior executives, including Prime Developments CEO Eman Talaat and Board Member Rami Abou Ashra, who underscored the project's importance in reinforcing the company's position in Egypt's real estate market. Engineering consultancy is being provided by Hafez Consultants. Spanning 10,000 sqm, the project will feature a range of premium amenities, including outdoor and heated swimming pools, and is scheduled for full delivery in 2028. Prime Developments Chairperson Nathan Yacoub said the event was both a project launch and a celebration of the teamwork that underpins the company's success. He noted that Egypt's Eastern Coast has emerged as a prime investment destination, and the company is committed to delivering high-end products in line with the country's sustainable development and urban planning objectives. Yacoub added that the coming phase will bring more integrated residential projects, ensuring secure investments through a comprehensive real estate value chain encompassing marketing, design, execution, and specialist teams. Highlighting the project's vision, he described CLAN as a blend of modern architecture, thoughtfully designed spaces, and a strategic location in Hurghada, offering a distinctive urban living experience. The development aims to set new benchmarks in the Red Sea property market and attract both local and international investors. © 2025 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
07-05-2025
- Business
- Zawya
Egypt's Aldiwan launches $79mln Vilar project in Alamein City
Egypt-based private real estate developer Aldiwan has launched the Vilar project in Alamein City with planned investments of 4 billion Egyptian pounds ($79 million), the company's chairman Mohamed Atta told Zawya Projects. He said the residential project, spanning 42 acres and comprising 2,600 residential units, is being implemented in partnership with Misr International for Construction and Development, which owns the land, while Aldiwan is responsible for project execution. Hafez Consultants has been appointed as the lead consultant for the project. Aldiwan's Chief Commercial Officer Hisham Alhussainy said the company is targeting EGP 16 billion ($316 million) in sales from the Vilar project. Construction is scheduled to begin in the fourth quarter of 2025, with completion expected within three years. He also noted that Aldiwan plans to launch another coastal project in Ain Sokhna by the first quarter of 2026, as part of its expansion strategy. (1 US Dollar = 50.64 Egyptian Pounds) (Reporting by Eman Hamed; Editing by Anoop Menon) (
Zawya
10-02-2025
- Business
- Zawya
Egypt: Slvr Communities unveils RVR as part of $597mln investment plan over five years
Slvr Communities has officially entered Egypt's real estate market, announcing an ambitious EGP 30bn investment strategy over the next five years. Ahmed El-Sweisy, Chairperson of Slvr Communities, emphasized Egypt's rapid urban development, which has created strong investment opportunities and fostered the emergence of key real estate players. He highlighted the company's extensive land bank, reinforcing its position as a major market contender. Currently, Slvr Communities owns three land plots across New Cairo and is set to launch three projects in 2025. These include a residential development in the Sixth Settlement, a 3,200-sqm mixed-use project in the South Academy area, and the newly launched RVR project. 'We chose East Cairo for our first three projects due to its strong investment potential, the government's commitment to infrastructure, and high occupancy rates, making it an attractive destination for both customers and investors,' said El-Sweisy. He also revealed that the company is negotiating land acquisitions in Sheikh Zayed City and a coastal area, aiming to diversify its portfolio and meet market demand for unique, high-quality developments. Mohamed Sabea, Chief Commercial Officer of Slvr Communities, detailed the RVR project, located in the Fifth Settlement of New Cairo, overlooking Gamal Abdel Nasser Axis. Spanning 2,000 sqm, RVR is a commercial and medical development featuring a ground floor and four additional floors. Excavation and leveling work began in January, with project delivery slated for 2028. Slvr Communities has partnered with leading industry players, including Hafez Consultants (led by Mohamed Hafez) as the engineering consultant, EHFS for medical unit management, and GATEWAY as the business development consultant. With the launch of RVR, the company aims to achieve EGP 6bn in sales during 2025, alongside the rollout of two additional projects within the year. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
09-02-2025
- Business
- Daily News Egypt
Slvr Communities unveils RVR as part of EGP 30bn investment plan over five years
Slvr Communities has officially entered Egypt's real estate market, announcing an ambitious EGP 30bn investment strategy over the next five years. Ahmed El-Sweisy, Chairperson of Slvr Communities, emphasized Egypt's rapid urban development, which has created strong investment opportunities and fostered the emergence of key real estate players. He highlighted the company's extensive land bank, reinforcing its position as a major market contender. Currently, Slvr Communities owns three land plots across New Cairo and is set to launch three projects in 2025. These include a residential development in the Sixth Settlement, a 3,200-sqm mixed-use project in the South Academy area, and the newly launched RVR project . 'We chose East Cairo for our first three projects due to its strong investment potential, the government's commitment to infrastructure, and high occupancy rates, making it an attractive destination for both customers and investors,' said El-Sweisy. He also revealed that the company is negotiating land acquisitions in Sheikh Zayed City and a coastal area, aiming to diversify its portfolio and meet market demand for unique, high-quality developments. Mohamed Sabea, Chief Commercial Officer of Slvr Communities, detailed the RVR project, located in the Fifth Settlement of New Cairo, overlooking Gamal Abdel Nasser Axis. Spanning 2,000 sqm, RVR is a commercial and medical development featuring a ground floor and four additional floors. Excavation and leveling work began in January, with project delivery slated for 2028. Slvr Communities has partnered with leading industry players, including Hafez Consultants (led by Mohamed Hafez) as the engineering consultant, EHFS for medical unit management, and GATEWAY as the business development consultant. With the launch of RVR, the company aims to achieve EGP 6bn in sales during 2025 , alongside the rollout of two additional projects within the year.
