Latest news with #RockDevelopments
Zawya
a day ago
- Business
- Zawya
Rock Developments set to launch its latest project in New Heliopolis, featuring over 85% green spaces
Rock Developments is set to announce its latest project in East Cairo soon—a brand-new residential development in a prime strategic location in New Heliopolis. The project offers a balance between tranquility and easy access to major landmarks and main roads, with full details expected to be revealed by the end of the month. Eng. Emad Doss, Managing Director of Rock Developments, stated that the new project marks another step in the company's expansion strategy to deliver fully integrated residential communities. The development stands out as a purely residential compound with no commercial activity, offering a premium living experience focused on privacy, green spaces, and quality of life—ensuring the highest levels of comfort and quiet for residents. He added that the new residential project spans over 17 feddans, with a low building footprint of no more than 15%, dedicating more than 85% of the area to gardens and open spaces, along with distinctive water features that enhance the overall aesthetic. Doss noted that the project is surrounded by several upscale residential compounds, as well as key educational and healthcare facilities, positioning it as one of the most promising destinations for a fully integrated lifestyle in the heart of New Heliopolis. Doss pointed out that the project will feature a variety of residential units and private villas with elegant, modern designs in diverse sizes—catering to the needs of a broad segment of customers seeking a contemporary lifestyle. He explained that the new residential project will be equipped with a comprehensive range of amenities and services, including jogging and walking tracks, children's play areas, co-working spaces, reading zones, a sports area, and dedicated spaces for pets, in addition to 24/7 security and maintenance services. The company's managing director revealed that the first phase of the project is scheduled to be launched soon at competitive prices, with expected delivery in 2029. Rock Developments is the real estate arm of El Batal Group for Investment. Its portfolio includes several residential and commercial projects in Egypt and Canada under the "Rock" brand, such as: Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Capital 1 in the New Administrative Capital, and both Rock Vera and Rock Gold Mall in New Cairo.
Tahya Masr
14-04-2025
- Business
- Tahya Masr
Crédit Agricole Egypt partners with Rock Developments to introduce mortgage solutions
Crédit Agricole Egypt has signed a cooperation agreement with Rock Developments to introduce mortgage solutions . This agreement will allow Rock Developments clients to have access to the bank's long-term mortgage financing solutions (down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years) . The cooperation agreement was signed by Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt and Eng. Daniel Doss, Board Member of Rock Developments, along with the presence of several representatives from both entities. Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt stated 'We are delighted to partner with Rock Developments to offer long term mortgage solutions that empower more Egyptians to own their homes. This collaboration highlights Crédit Agricole Egypt's customer centricity approach, delivering innovative, accessible and sustainable financial solutions that are tailored to our clients evolving needs. By combining our banking expertise with Rock Development sustainable vision, we are supporting the growth of Egypt real state while contributing to a greener, more inclusive future". Eng. Daniel Doss, Board Member of Rock Developments emphasized that 'This agreement offers exclusive financing solutions for the company's clients through mortgage solutions. Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years. Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration'. Eng. Doss affirmed that Rock Developments is committed to innovation, offering diverse strategies to serve its clients by delivering projects that align with their aspirations while providing advantages that support their purchasing decisions. He added that 'Collaborating with Crédit Agricole Egypt, a partnership that emphasizes sustainability, represents a key milestone in our journey towards responsible growth' Rock Developments is a leading real estate company with over 40 years of experience. Its projects span across Greater Cairo, Egypt, offering residential, commercial, and administrative projects, as well as several commercial projects in Canada. Rock developments will launch a sustainable certification project located in the New Capital City. Crédit Agricole Egypt and Rock Developments are committed to boosting real estate investment by expanding financing options and ensuring secure investment opportunities. Their mission is to foster growth in Egypt's dynamic property market by supporting projects built to global standards and introducing innovative solutions for sustainable development, safeguarding the environment for future generations. This collaboration is part of Crédit Agricole Egypt's strategy, which aims to provide diverse opportunities and facilities for its clients, with a focus on offering flexible mortgage solutions that support their housing and investment plans. It reflects the bank's role in supporting the Egyptian economy, enhancing financial inclusion, and contributing to sustainable development. It is worth mentioning that Crédit Agricole Egypt has signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a loan worth USD 20 million to lend to individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program.
Zawya
11-04-2025
- Business
- Zawya
Crédit Agricole Egypt, Rock Developments forge partnership to foster real estate investment
Egypt - Crédit Agricole Egypt and Rock Developments inked a cooperation agreement to introduce mortgage solutions, boosting growth in Egypt's property market, as per an emailed press release. Through the partnership, Rock Developments clients will access the bank's long-term mortgage financing solutions, down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years. The joint agreement aligns with the two entities' objectives to promote real estate investment by expanding financing options and ensuring secure investment opportunities. Crédit Agricole Egypt, Rock Developments plan to support the projects that adhere to global standards and offer innovative solutions for sustainable development. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt, stated: 'By combining our banking expertise with Rock Development's sustainable vision, we are supporting the growth of Egypt's real state while contributing to a greener, more inclusive future'. Daniel Doss, Board Member of Rock Developments, noted: 'Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years.' 'Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration,' Doss added. This collaboration is part of Crédit Agricole Egypt's strategy to provide its clients with diverse opportunities and facilities, in addition to offering flexible mortgage solutions that support their housing and investment plans. It is worth highlighting that the EGX-listed lender signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a $20 million loan. The loan was secured for individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
10-04-2025
- Business
- Zawya
Crédit Agricole Egypt partners with Rock Developments to introduce mortgage solutions
Cairo: Crédit Agricole Egypt has signed a cooperation agreement with Rock Developments to introduce mortgage solutions. This agreement will allow Rock Developments clients to have access to the bank's long-term mortgage financing solutions (down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years). The cooperation agreement was signed by Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt and Eng. Daniel Doss, Board Member of Rock Developments, along with the presence of several representatives from both entities. Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt stated 'We are delighted to partner with Rock Developments to offer long term mortgage solutions that empower more Egyptians to own their homes. This collaboration highlights Crédit Agricole Egypt's customer centricity approach, delivering innovative, accessible and sustainable financial solutions that are tailored to our clients evolving needs. By combining our banking expertise with Rock Development sustainable vision, we are supporting the growth of Egypt real state while contributing to a greener, more inclusive future'. Eng. Daniel Doss, Board Member of Rock Developments emphasized that 'This agreement offers exclusive financing solutions for the company's clients through mortgage solutions. Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years. Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration'. Eng. Doss affirmed that Rock Developments is committed to innovation, offering diverse strategies to serve its clients by delivering projects that align with their aspirations while providing advantages that support their purchasing decisions. He added that 'Collaborating with Crédit Agricole Egypt, a partnership that emphasizes sustainability, represents a key milestone in our journey towards responsible growth' Rock Developments is a leading real estate company with over 40 years of experience. Its projects span across Greater Cairo, Egypt, offering residential, commercial, and administrative projects, as well as several commercial projects in Canada. Rock developments will launch a sustainable certification project located in the New Capital City. Crédit Agricole Egypt and Rock Developments are committed to boosting real estate investment by expanding financing options and ensuring secure investment opportunities. Their mission is to foster growth in Egypt's dynamic property market by supporting projects built to global standards and introducing innovative solutions for sustainable development, safeguarding the environment for future generations. This collaboration is part of Crédit Agricole Egypt's strategy, which aims to provide diverse opportunities and facilities for its clients, with a focus on offering flexible mortgage solutions that support their housing and investment plans. It reflects the bank's role in supporting the Egyptian economy, enhancing financial inclusion, and contributing to sustainable development. It is worth mentioning that Crédit Agricole Egypt has signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a loan worth USD 20 million to lend to individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program.
Zawya
09-04-2025
- Business
- Zawya
Rock Developments partners with Crédit Agricole Egypt to offer mortgage for 15 years
Rock Developments has entered into a cooperation agreement with Crédit Agricole Egypt to introduce a freehold property mortgage solution. The program offers a down payment of 20% and financing of up to 80% of the unit's value, with payment terms extending up to 15 years. The initiative reflects the company's commitment to delivering tailored and flexible financing solutions for its clients. The signing ceremony was attended by Eng. Daniel Doss, Board Member of Rock Developments, Ms. Nevine Shokry, Head of Proximity Banking of Credit Agricole Egypt, along with several representatives from both entities. This collaboration aims to provide tailored mortgage financing solutions that cater to customer needs while aligning with the environmental and social priorities of both organizations' strategic visions. Eng. Daniel Doss, Board Member of Rock Developments emphasized that 'This agreement offers exclusive financing solutions for the company's clients through the freehold mortgage program. Residential units are available with a 20% down payment and financing covering up to 80% of the unit's value for a period of up to 15 years. Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration'. Eng. Doss affirmed that Rock Developments is committed to innovation, offering diverse strategies to serve its clients by delivering projects that align with their aspirations while providing advantages that support their purchasing decisions. He added that 'Collaborating with Crédit Agricole Egypt, a partnership that emphasizes sustainability, represents a key milestone in our journey toward innovation and responsible growth' Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt stated 'We are delighted to partner with Rock Developments to offer long term mortgage solutions that empower more Egyptians to own their own homes. This collaboration highlights Crédit Agricole Egypt's customer centricity approach, delivering innovative, accessible and sustainable financial solutions that are tailored to our clients evolving needs. By combining our banking expertise with Rock Development sustainable vision, we are supporting the growth of Egypt real state while contributing to a greener, more inclusive future'. Rock Developments and Crédit Agricole Egypt Bank are committed to boosting real estate investment by expanding financing options and ensuring secure investment opportunities. Their mission is to foster growth in Egypt's dynamic property market by supporting projects built to global standards and introducing innovative solutions for sustainable development, safeguarding the environment for future generations. Rock Developments serves as the real estate arm of El Batal Investments, bringing together all the company's residential and commercial projects in Egypt and Canada under the "Rock" brand. Its developments span east and west Cairo, including Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October City, Rock Capital 1 in New Administrative Capital, Rock Vera in New Cairo, Rock Gold Mall in New Cairo, and Rock Ville in Obour City.
