Latest news with #Uptown6October
Zawya
a day ago
- Business
- Zawya
Egypt: Uptown 6 October partners with Fawry to enhance digital payment solutions for real estate transactions
Egypt - Uptown 6 October, one of Egypt's leading real estate developers, has announced a strategic partnership with Fawry, Egypt's premier fintech company, to implement a comprehensive electronic payment system for its real estate clients. This collaboration aims to streamline and improve the efficiency of financial transactions within Egypt's rapidly growing real estate sector. Under the terms of the agreement, Fawry will provide Uptown 6 October with a full suite of services, including electronic payment solutions for down payments, real estate installments, utility and maintenance bill payments, and more. Clients will be able to access these payment options via the MyFawry app and Uptowner app, as well as through cash payments at Fawry's extensive network of merchant locations across Egypt. In addition, the partnership will see the installation of Point-of-Sale (POS) devices at Uptown 6 October's sales offices, enabling seamless payments via MasterCard, Visa, and other major bank cards. The collaboration also includes the launch of a co-branded, unified electronic payment gateway, which will offer customers flexible payment methods, including digital wallets, bank cards, and cash payments. Moataz Shaarawy, Co-CEO of Uptown 6th of October Group of Companies, commented: 'Technology is a cornerstone for building smart communities. Our partnership with Fawry reflects our vision to provide advanced services that prioritize customer convenience. This collaboration will reduce reliance on paper transactions by up to 95%, making the process faster, more secure, and more efficient.' Waleed El Sayed, Chairperson of Fawry Dahab, expressed excitement about the partnership, noting: 'Egypt's real estate sector is experiencing significant growth, and we are proud to be part of this evolution. Through this collaboration, we aim to offer Uptown 6 October a broader range of digital solutions, supporting the digital transformation of the sector and enhancing technological integration.' He added: 'With our flexible range of payment options and an expansive service network across Egypt, we aim to provide an easy and efficient payment experience for all Uptown 6 October clients.' The collaboration also extends to Uptown 6 October's suppliers and contractors, who will benefit from a dedicated electronic payment system powered by Fawry's transfer platform. This system will allow for direct settlements into bank accounts, along with periodic payment reports to ensure financial transparency and faster transaction cycles. Furthermore, both companies are committed to promoting a digital payment culture through awareness campaigns and workshops, laying the groundwork for future collaboration to support growth and investment in Egypt's real estate sector.
Daily News Egypt
2 days ago
- Business
- Daily News Egypt
Uptown 6 October partners with Fawry to enhance digital payment solutions for real estate transactions
Uptown 6 October, one of Egypt's leading real estate developers, has announced a strategic partnership with Fawry, Egypt's premier fintech company, to implement a comprehensive electronic payment system for its real estate clients. This collaboration aims to streamline and improve the efficiency of financial transactions within Egypt's rapidly growing real estate sector. Under the terms of the agreement, Fawry will provide Uptown 6 October with a full suite of services, including electronic payment solutions for down payments, real estate installments, utility and maintenance bill payments, and more. Clients will be able to access these payment options via the MyFawry app and Uptowner app, as well as through cash payments at Fawry's extensive network of merchant locations across Egypt. In addition, the partnership will see the installation of Point-of-Sale (POS) devices at Uptown 6 October's sales offices, enabling seamless payments via MasterCard, Visa, and other major bank cards. The collaboration also includes the launch of a co-branded, unified electronic payment gateway, which will offer customers flexible payment methods, including digital wallets, bank cards, and cash payments. Moataz Shaarawy, Co-CEO of Uptown 6th of October Group of Companies, commented: 'Technology is a cornerstone for building smart communities. Our partnership with Fawry reflects our vision to provide advanced services that prioritize customer convenience. This collaboration will reduce reliance on paper transactions by up to 95%, making the process faster, more secure, and more efficient.' Waleed El Sayed, Chairperson of Fawry Dahab, expressed excitement about the partnership, noting: 'Egypt's real estate sector is experiencing significant growth, and we are proud to be part of this evolution. Through this collaboration, we aim to offer Uptown 6 October a broader range of digital solutions, supporting the digital transformation of the sector and enhancing technological integration.' He added: 'With our flexible range of payment options and an expansive service network across Egypt, we aim to provide an easy and efficient payment experience for all Uptown 6 October clients.' The collaboration also extends to Uptown 6 October's suppliers and contractors, who will benefit from a dedicated electronic payment system powered by Fawry's transfer platform. This system will allow for direct settlements into bank accounts, along with periodic payment reports to ensure financial transparency and faster transaction cycles. Furthermore, both companies are committed to promoting a digital payment culture through awareness campaigns and workshops, laying the groundwork for future collaboration to support growth and investment in Egypt's real estate sector.
Zawya
19-05-2025
- Business
- Zawya
Uptown 6 October, GSM partner to launch premium international school in Egypt
Egypt - Uptown 6 October for Investment and Educational Development, a subsidiary of the Uptown 6 October Group, has entered into a strategic partnership with Global School Management (GSM)—a global leader in K–12 school operations backed by Saudi investment firm Safanad—to establish a world-class international school in West Cairo. The school, which represents a total investment of over EGP 1.3bn, will be the first premium K–12 institution within the Uptown 6 October development. Set to open in 2027, the campus will span 14,322 sqm with a built-up area of 20,000 sqm and accommodate up to 1,680 students across 70 technology-enabled classrooms. Designed to meet top international standards, the campus will include state-of-the-art science and technology labs, performing arts studios, sports facilities, and collaborative learning spaces, offering a holistic and future-focused educational experience. This initiative aligns with Egypt's positive economic outlook. According to the International Monetary Fund (IMF), the country's real GDP growth is projected to reach 3.8% in 2025 and 4.3% in 2026, with further acceleration expected to approach 5% by 2029. The school project reflects both the growing demand for high-quality education and the nation's resilient investment climate. Ahmed Abo Zeid, Chairperson of Uptown 6 October, stated: 'We believe this school will set a new benchmark for private education in Egypt and the region, embodying the highest standards of quality and innovation.' Moataz Shaarawy, Chairperson of Uptown 6 October for Investment and Educational Development, commented: 'This partnership goes beyond building a school—it lays the foundation for shaping the future of education in Egypt. Education is at the heart of our vision for community and economic development.' Mohamed El Ghor, Chairperson of the Board of Trustees for Education at Uptown 6 October, emphasized: 'We are committed to delivering a comprehensive educational model that integrates global best practices with local relevance.' Ron Packard, Chairperson of GSM, concluded: 'Our goal is to create the leading educational destination in Uptown 6 October. Through our partnership, GSM is dedicated to delivering a high-quality, transformative school experience.' © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
18-05-2025
- Business
- Daily News Egypt
Uptown 6 October, GSM partner to launch premium international school with EGP 1.3bn investment
Uptown 6 October for Investment and Educational Development, a subsidiary of the Uptown 6 October Group, has entered into a strategic partnership with Global School Management (GSM)—a global leader in K–12 school operations backed by Saudi investment firm Safanad—to establish a world-class international school in West Cairo. The school, which represents a total investment of over EGP 1.3bn, will be the first premium K–12 institution within the Uptown 6 October development. Set to open in 2027, the campus will span 14,322 sqm with a built-up area of 20,000 sqm and accommodate up to 1,680 students across 70 technology-enabled classrooms. Designed to meet top international standards, the campus will include state-of-the-art science and technology labs, performing arts studios, sports facilities, and collaborative learning spaces, offering a holistic and future-focused educational experience. This initiative aligns with Egypt's positive economic outlook. According to the International Monetary Fund (IMF), the country's real GDP growth is projected to reach 3.8% in 2025 and 4.3% in 2026, with further acceleration expected to approach 5% by 2029. The school project reflects both the growing demand for high-quality education and the nation's resilient investment climate. Ahmed Abo Zeid, Chairperson of Uptown 6 October, stated: 'We believe this school will set a new benchmark for private education in Egypt and the region, embodying the highest standards of quality and innovation.' Moataz Shaarawy, Chairperson of Uptown 6 October for Investment and Educational Development, commented: 'This partnership goes beyond building a school—it lays the foundation for shaping the future of education in Egypt. Education is at the heart of our vision for community and economic development.' Mohamed El Ghor, Chairperson of the Board of Trustees for Education at Uptown 6 October, emphasized: 'We are committed to delivering a comprehensive educational model that integrates global best practices with local relevance.' Ron Packard, Chairperson of GSM, concluded: 'Our goal is to create the leading educational destination in Uptown 6 October. Through our partnership, GSM is dedicated to delivering a high-quality, transformative school experience.'
Zawya
16-05-2025
- Business
- Zawya
Egypt's Uptown 6 October, GSM partner for $26mln international school in West Cairo
Uptown 6 October for Investment and Educational Development, a subsidiary of Uptown 6 October Group, has signed a strategic partnership with Global School Management (GSM) to develop a premium international K–12 school in West Cairo. The school, scheduled to open in 2027 within the Uptown 6 October development, will be built on a 14,322 square metre site with a total built-up area of 20,000 sqm. It will accommodate up to 1,680 students across 70 technology-equipped classrooms. The total investment for the project exceeds 1.3 billion ($26 million). GSM, backed by the Saudi investment firm Safanad, operates more than 165 schools and academies globally, and together, are investing $200 million to acquire, build, and grow educational assets and expand their network of schools across the region. (1 US Dollar = 50.15 Egyptian Pounds) (Writing by Marwa Abo Almajd; Editing by Anoop Menon) (
