Latest news with #KhaledAbbas
Zawya
4 days ago
- Business
- Zawya
Better Home celebrates the delivery of "Solo", its second project in the New Administrative Capital
Better Home the real estate developer announced the delivery of"Solo" project to its customers in the New Administrative Capital. The tour was organized by the company in the presence of Eng. Khaled Abbas, Chairman of the New Administrative Capital Company, and Dr. Ahmed Fahmy, General Manager of the New Administrative Capital Company. The tour inspected Midtown Solo, the company's second project in the capital, which was launched and delivered by the company following the success of the "Midtown Villa" project, Better Home's first project in the capital. The celebration of the beginning of life for its second project was attended by leaders from the New Administrative Capital Company and Better Home, as well as journalists. Eng. Khaled Abbas, Chairman of the New Administrative Capital Company, praised Better Home's strength and performance and the extent of its project achievements on the ground, as it was the first real estate developer to believe in the New Administrative Capital project since its launch, and has many successful and distinguished projects in the capital. During a press conference on the sidelines of his visit to the project, he emphasized that the New Administrative Capital Company always strives to overcome all obstacles facing serious real estate developers, emphasizing that everyone is united. One way to complete this massive national project, which is considered one of the most prominent landmarks of the new republic launched by President Abdel Fattah El-Sisi. He added that the Midtown Solo project, with its unique quality and execution, is strong evidence that the Capital Company is proceeding steadily and that it has major and distinguished projects offering full services. He pointed out that the entire project consists of independent villas with diverse services, reflecting the quality of the project's clients. He explained that the Capital Company has connected approximately 95% of the facilities in the first phase, but has certain binding requirements for the developer to connect the facilities. He emphasized that once these are completed, the services will be connected immediately. Abbas added that the company is currently working on the main roads and landscaping in the R7 area, which have been divided into phases to be completed within a short period of time. Dr. Ahmed Fahmy, General Manager of the Capital Development Company, expressed his happiness with the scale of the Midtown Solo project's completion, which reflects the Capital Development Company's success and its status as a ready-to-live-in place. He praised the company's performance, noting that it is a disciplined company in terms of paperwork and licensing, committed to its clients, and on-time delivery. This makes it a distinguished model for a committed real estate developer, in addition to the project's superb engineering and architectural design and the careful planning of all its services. Fahmy added that Midtown Solo project is the company's second project to be delivered after Midtown Villa project, and that they are pleased with the presence of such sophisticated projects in the capital, capable of attracting a large number of clients and investors to the capital. He pointed out that the company does not hesitate to provide any support to serious developers, having provided four to five facilitation packages for serious developers, which had a significant impact, resulting in a significant amount of delayed collections, the issuance of numerous licenses for a large number of projects, and the resolution of problems faced by some struggling companies with their clients. Fahmy pointed out that Better Home is one of the first companies to invest in more than one project in the capital and believes in the feasibility of investing there. Therefore, it is one of the companies that has been successful in this giant national project from the outset. He pointed out that the Administrative Capital has been and continues to be an attractive investment destination. He explained that the Capital Company launched an electronic tender for units in the R8 area about 15 days ago, and that three times the number of land plots offered applied for. He noted that the winning companies for the plots of land for which there is no competing demand will be announced within days. As for the remaining plots for which there is more than one application, the qualified company will be selected based on the company's technical and financial strength and solvency after the Eid al-Adha holidays. Ashraf Adel, General Manager of Better Home, expressed his pleasure at the honor of Eng. Khaled Abbas visiting and inspecting the company's second project in the capital, and his constant keenness to share with them the exceptional moments in the company's history. He praised the significant role played by the Administrative Capital Company and its leadership in supporting developers and overcoming all obstacles to complete their projects in a manner befitting the scale and importance of this massive national project. Adel pointed out that Better Home was the first real estate developer to acquire a plot of land in the New Administrative Capital since the launch of this great dream, which has become a tangible reality for an integrated smart city brimming with life and reflecting Egypt's civilized image to the world. He noted that the "Solo" project is a milestone in the Egyptian real estate market, as it is the only project in the Administrative Capital composed entirely of standalone villas, with a total of 390 separate villas, spread over an area of 66 acres. The project is distinguished by its strategic location directly on the southern Bin Zayed Axis, next to the Cathedral and the Green River, one of the most important geographical landmarks in the capital. Adel added that the company took into account the low population density in the project's design, allocating 80% of the total area to landscaping, green spaces, and a lagoon, while only 20% was allocated to buildings. This provides a healthy, integrated residential environment that combines comfort and nature. He explained that the project includes a variety of recreational and social services, including a health and social club (Club House) for residents, as well as swimming pools, restaurants, cafes, and pharmacies, enhancing the quality of life within the unique residential complex. The company's general manager indicated that the project has achieved great success since its launch, as it was completely sold out in record time, reflecting customer confidence in Better Home projects and its leading position in the real estate market. The project also includes an integrated commercial area spanning an area of 30,000 square meters, consisting of 14 independent buildings, each consists of a ground floor, first floor, second floor, and roof, in addition to a private basement. Building areas start from 1,250 square meters, in addition to 1,100 square meters of outdoor space and a 940-square-meter basement. Adel added that the commercial area was implemented with a modern "strip mall" design, open and directly on the road, facilitating access for both residents and road users. It includes restaurants, cafes, pharmacies, and international companies, making it a commercial and entertainment destination serving the entire region. In concluding his speech, Ashraf Adel, the company's general manager, expressed his thanks and appreciation to Engineer Khaled Abbas for his prominent and tangible role in the renaissance and growth of private sector projects in the capital. This is a natural result of his continuous follow-up and constant efforts to overcome any obstacles facing companies in completing their work. He praised his ongoing support for the company and for every serious developer working in the capital. He emphasized the company's continued construction and development, and its keenness to seize opportunities to implement other projects in the capital, making it an influential and effective partner for the capital in the field of development and growth.
Zawya
16-05-2025
- Business
- Zawya
Cityscape Egypt kicks off with high-level steering committee for Egypt Real Estate Summit
Arab Finance: Cityscape Egypt 2025 kicked off with the formation of a high-level steering committee, which held its inaugural meeting on May 6th in the New Administrative Capital. The committee convened senior government leaders to discuss investment strategies and opportunities across Egypt. This step paves the way for a structured dialogue in line with national priorities that meet market needs and define the strategic roadmap for the Egypt Real Estate Summit 2025, scheduled for September. Serving as the central decision-making body for the summit, the committee ensures it delivers policy-relevant outcomes to advance one of Egypt's most critical economic sectors. It is set to support long-term collaboration among ministries, regulators, investors, and developers, enabling cross-sector investment beyond just real estate. Key members of the committee include Khaled Abbas, Chairman and Managing Director of Administrative Capital for Urban Development, Hossam Heiba, President of the General Authority for Free Zones and Investment (GAFI), and Fathallah Fawzy, Chairman of MENA for Real Estate Consultancy. This is in addition to Shaimaa Shousha, General Manager of the Strategic Department at the Industrial Development Authority (IDA), and Mohamed Raghad, Environment Department, Tourism Development Authority. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
13-05-2025
- Business
- Zawya
Cityscape Egypt 2025 kicks off with Steering Committee Meeting for Egypt Real Estate Summit
Cairo, Egypt: In a significant move to establish a unified and actionable vision for Egypt's real estate and urban development sector, Cityscape Egypt 2025 has officially launched with the formation of a high-level steering committee. The committee convened its inaugural meeting on May 6 in the New Administrative Capital, bringing together senior government leaders to discuss investment strategies and opportunities across Egypt. This milestone sets the stage for a structured dialogue to align national priorities with market needs and define the strategic roadmap for the Egypt Real Estate Summit 2025, scheduled for September. The committee will serve as the central decision-making body for the summit, ensuring it delivers policy-relevant outcomes to advance one of Egypt's most critical economic sectors. It is designed to foster long-term collaboration among ministries, regulators, investors, and developers, enabling cross-sector investment beyond just real estate. With Egypt undertaking some of the region's most ambitious urban transformation projects, from next-generation smart cities to climate-resilient infrastructure, the committee plays a pivotal role in aligning the summit with Egypt Vision 2030. Its mission includes developing a cross-sector roadmap that integrates real estate with investment, infrastructure, tourism, and sustainability. Committee members include: Eng. Khaled Abbas, Chairman and Managing Director, Administrative Capital for Urban Development Hossam Heiba, President, General Authority for FreeZones and Investment (GAFI) Eng. Fathallah Fawzy, Chairman, MENA for Real Estate Consultancy Shaimaa Shousha, General Manager – Strategic Department, Industrial Development Authority Dr. Mohamed Raghad, Environment Department, Tourism Development Authority The committee's first meeting focused on enhancing coordination between ministries and regulators and identifying investment opportunities across various real estate asset classes, including residential, commercial, industrial, and hospitality. Discussions focused on improving the investment climate, unlocking high-potential projects, and attracting both local and international capital. Robier Daniel, Cityscape Exhibition Director, stated: 'Cityscape Egypt has always been more than a real estate event. It's a platform for strategic dialogue, investment partnerships, and sustainable urban transformation. With the formation of the steering committee, Cityscape Egypt 2025 is emerging as a driving force behind policy innovation and integrated growth. We're creating a space where public and private sector leaders converge to shape the cities of tomorrow and unlock Egypt's full development potential.' Eng. Khaled Abbas, Chairman and Managing Director of Administrative Capital for Urban Development, stated: 'The Egypt Real Estate Summit comes at a pivotal moment that aligns with the country's unprecedented boom in urban development. The summit is a strategic platform, guided by a high-level steering committee of public and private sector leaders to ensure that policy directions are aligned with national priorities. By bringing together decision-makers, investors, and urban development leaders, we contribute to creating effective synergy between the national vision and emerging investment opportunities, while reinforcing the New Capital's position as a hub for smart, sustainable growth and a magnet for investment at the heart of Egypt's future.' Hossam Heiba, President of General Authority for Investment and Free Zones (GAFI), commented: 'The Egypt Real Estate Summit 2025 offers a practical opportunity to translate the national investment strategy into tangible outcomes. Through the steering committee that brings all key stakeholders to the table, we are accelerating mechanisms to attract quality investments aligned with Egypt's economic shifts, particularly in infrastructure and urban development. This platform goes beyond showcasing opportunities; it provides an effective coordination tool between public and private sectors, strengthening Egypt's competitiveness as a regional destination for smart and sustainable investment.'
Mid East Info
12-05-2025
- Entertainment
- Mid East Info
Sony Partners with NASR Esports at Dubai Esports and Games Festival 2025 - Middle East Business News and Information - mid-east.info
Showcasing Next-Level Gaming Experiences and Strengthening Commitment to Regional Esports Community Dubai, United Arab Emirates: Sony Middle East and Africa announces an exciting partnership with NASR Esports , a leading esports regional organization in competitive gaming and talent development, at the Dubai Esports and Games Festival 2025 (DEF 2025) . Set to take place from from May 9 to May 11 at Zabeel Hall 2, Dubai World Trade Centre, visitors can expect an immersive experience filled with the ultimate gaming setup, exclusive giveaways and more. At the NASR Esports booth, gamers and esports enthusiasts will experience an immersive setup featuring high-performance gaming PCs powered by Sony's INZONE range including the newly launched INZO N E M10S gaming monitors, co-developed with global esports powerhouse Fnatic alongside an exclusive range of Sony INZONE gaming headsets. Festival attendees can participate in engaging gaming challenges for a chance to win the INZONE H5 headphones by joining the official Sony INZONE MEA Discord channel. Attendees will also have the opportunity to meet and interact with prominent NASR Esports players and gaming influencers, including pro-player Ramy Saad and popular gaming personalities Khaled Abbas , Amr Eliwa , Waseem Khouj , and Yassin Siyam , who will be engaging with fans throughout the festival. This collaboration underlines Sony MEA's ongoing commitment to nurturing and supporting the growing esports community across the Middle East. Following Dubai Esports Festival 2025, Sony and NASR Esports aim to continue their partnership with additional collaborations planned throughout the year. Further details will be announced at a later stage. Jobin Joejoe, Managing Director, Sony Middle East and Africa , said, 'At Sony, gaming continues to be central to our vision and our collaboration with NASR Esports highlights our commitment to nurturing the region's thriving esports ecosystem. The INZONE range including the INZONE M10S is specifically designed to meet the high-performance needs of competitive gamers. It is through these purpose-built innovations, we aim to empower esports professionals and enthusiasts alike to drive the growth of the gaming community. ' Lalit Vase, CEO, NASR Esports, added , 'NASR Esports and Academy is thrilled to join forces with Sony MEA at DEF 2025. We greatly value Sony's proactive approach in engaging with the region's passionate gaming and esports community. This partnership promises exciting competitions and memorable experiences for fans, and we eagerly anticipate further collaborations to enrich the gaming ecosystem throughout the year.' About NASR Esports: NASR Esports stands as a powerhouse in the Middle East, North Africa, and Turkey (MENAT) region, recognized for its competitive excellence and commitment to nurturing the next generation of esports talent. With a legacy of top-tier performances and a robust talent pipeline, NASR Esports continues to set the benchmark for success and innovation in the regional and international esports landscape. At the heart of NASR's mission is the NASR Academy, a pioneering initiative dedicated to developing aspiring gamers into world-class competitors and well-rounded individuals. The Academy's Gaming Camp offers a comprehensive curriculum that goes beyond gameplay, focusing on: Skill refinement and advanced game mechanics Strategic thinking and tactical awareness Cooperative team play and communication Gaming IQ and decision-making under pressure About Sony Middle East and Africa: Sony Middle East and Africa FZE is a 100% subsidiary of Sony Corporation and is the regional headquarters for the Middle East and Africa regions. The company is engaged in the business of Sony Consumer Electronics, Mobile Electronics (Car Audio), broadcasting and professional products and Computer Entertainment (PlayStation) products in more than 40 countries in the region. Apart from stock operations in the Jebel Ali Free Zone Establishment in Dubai, Sony Middle East and Africa leads execution of various logistics, sales, marketing, advertising and customer services activities through its business partners. 353 accredited third-party service centres reinforce Sony's presence in key markets in the region. About Sony Corporation Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to 'create the future of entertainment through the power of technology together with creators,' we aim to continue to deliver Kando* to people around the world. *Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time.
Associated Press
17-03-2025
- Science
- Associated Press
Permafrost melt posing ‘significant risks' to Arctic regions' communities, scientists warn
Thawing permafrost can lead to the mobilization of contaminants, affecting drinking water quality and food safety in Arctic regions. SHARJAH, EMIRATE OF SHARJAH, UNITED ARAB EMIRATES, March 17, 2025 / / -- The Arctic permafrost thaw is hazardous to the livelihood, safety, health, food security, and the infrastructure of communities living in Arctic regions, an international group of scientists have warned. In a comparative interdisciplinary study, the scientists analyze four arctic regions, one in each of Russia, Canada, Norway and Greenland, to identify and assess the key hazards of permafrost thaw. Their findings, published in the journal Communications Earth and Environment, show that due to the melting of ice in their soil, the four Arctic regions suffer from infrastructure failure, disruptions to mobility and supply chains, declining water quality, food security challenges, and increased exposure to diseases and contaminants. They write, 'Since our study areas represent perspectives from a range of human and natural Arctic permafrost settings, the framework and risk assessment we present here are applicable to other (continuous) permafrost regions experiencing similar hazards and impacts, thereby supporting the development of overarching adaptation and mitigation strategies.' The study is something of a novelty as the scientists adopt a comparative approach that spans a variety of disciplines, and environmental and societal contexts, with a transdisciplinary synthesis that takes various risk perceptions into account. Adding weight to the findings is the fact that the research is the fruit of a consortium-based collaborative effort with contributions from the world's leading institutions in climate change research. Climate change is blamed for the erratic and long-term shifts in the Earth's weather and temperature with scientists reporting a world that has been warming up quickly in the past decades. The Earth's warming is behind the permafrost thaw – a process which refers to the melting of the ice in the frosty soil of Arctic regions. A thawing permafrost can have grave consequences on the environment and the inhabitants as the frozen soil melts. 'Climate change is accelerating Arctic permafrost thaw, posing significant risks to both the environment and human communities,' said Dr. Khaled Abbas, University of Sharjah's associate professor in environmental health sciences and a co-author. 'This research examines these threats, focusing on the growing concerns associated with permafrost degradation and human activity.' Through a risk analysis framework that integrates both environmental and societal perspectives, the study provides valuable insights into how climate change drives permafrost degradation and its cascading effects on Arctic communities. At the same time, it proposes strategies for mitigation and adaptation, aiming to enhance resilience in affected regions. 'The research underscores the critical role of interdisciplinary collaboration in tackling these complex challenges. By bringing together experts from environmental science, public health, engineering, and policy, the study offers a comprehensive understanding of how permafrost thaw impacts not only Arctic communities but also global populations,' Dr. Abbas maintains. The authors' findings emphasize that climate change is not just a regional issue confined to the Arctic but a global crisis with far-reaching consequences. 'Permafrost thaw poses diverse risks to Arctic environments and livelihoods. Understanding the effects of permafrost thaw is vital for informed policymaking and adaptation efforts,' says Dr. Abass. 'Our findings show that permafrost thaw is not only an environmental issue but also a direct challenge to the safety, health, and well-being of Arctic communities.' The authors pursue an inter- and transdisciplinary risk analysis based on multidirectional knowledge exchanges and thematic network analysis. They underscore the vital role of permafrost within Arctic ecosystems and highlight the main risks associated with its vulnerability to climate change. They assess permafrost risks in the four regions they have studied 'by characterizing the relationships between the physical processes, key hazards, and societal consequences on life domains via thematic network analysis and how each of these relationships was perceived across the four case studies.' Their description of the risks from permafrost thaw across the four regions is five-pronged with the failure in infrastructure cited as the first hazard 'resulting in adverse consequences for costs and economy, planning and fate control, and health and well-being.' The second hazard, according to the scientists, relates to 'disruptions of mobility and supplies, often created by ground instabilities and erosion, impact costs and the economy, as well as recreation and being in nature.' The third risk emanates from ground instability the permafrost thaw causes as the ice in the soil melts which 'affects health and well-being as well as costs and the economy.' The fourth hazard the authors attribute to the changes in flora and fauna and hydrological and biochemical cycles which pose 'challenges for food security … [and] consequences for local costs and the economy as well as culture and language.' Finally, the study dwells on the health and well-being of communities inhabiting these regions. It shows that the thawing of permafrost exposes these communities 'to infectious diseases and contaminants … driven by changes in climate and weather conditions … which creates concerns for human and ecosystem health'. Dr. Abass says the study is a wake-up call for the world that climate change is causing Arctic permafrost to thaw, leading to severe environmental and societal challenges. 'This research underscores the urgent need for improved planning and adaptation strategies to help Arctic communities navigate these growing threats. As the frozen ground warms, roads, houses, and infrastructure are collapsing, disrupting transportation and access to essential supplies. 'Water sources are becoming polluted, while food security is at risk due to changes in hunting and fishing patterns. Additionally, thawing permafrost is releasing long-trapped pollutants and potentially harmful bacteria and viruses, creating new health risks.' The research is of implications for policymakers, environmental agencies, and industries involved in infrastructure and resource management, affirms Dr. Abass, adding. 'Organizations focused on climate adaptation, indigenous community development, and sustainable governance may find the study highly relevant. 'This study provides critical information for governments and policymakers to develop climate adaptation strategies in Arctic regions and beyond. It emphasizes the need for improved urban planning, infrastructure reinforcement, and sustainable resource management. The research also highlights the urgency of preparing for permafrost thaw's consequences on ecosystems and human livelihoods.' 50 165 4376
