DIG launches Track 10 and Track 14 mixed-use projects in the New Administrative Capital at investments of EGP 1.2 billionpounds
DIG has launched Track 10 and Track 14 projects in the New Administrative Capital, with total expected sales of about EGP 1.2 billion.
Hussein Salah, Chairman of DIG (Deals Investment Group), said that Track 10 and Track 14 projects are located in the most prominent area of the Downtown, added that the main consultant of both projects is Mohamed Hafez.
He added that the company aims to increase its investments to 2 billion pounds by Q2, and is also planning to launch two new projects by the end of 2022.
Salah added that DIG also owns a brokerage company beside a sister development company that develops projects in West Cairo, He added that DIG has acquired Infinity Developments, which owns commercial projects in the New Administrative Capital.
Stressing that the company’s strategy during the coming period aims to expand by including new entities, stressing that DIG and its sister companies adhere to the highest international quality standards; To provide an outstanding level of services to meet the expectations and requirements of its customers, through a team of experienced engineers, international design companies, operating, managing facilities companies, and consultants to ensure the achievement of the highest international quality standards through development and innovation.
«DIG» Chairman said that the current period is encouraging to invest in real estate, and this is the main reason that motivated the company to announce its expansion plan.
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Bassam Saeed, Sales Director of DIG, said that Track 10 project, is a mixed-use project includes commercial, administrative, and medical units, is located on an area of 2500 square meters, with expected sales of about EGP 450 mln. The project consists of G+10 floors, and it is scheduled to be delivered in 2025.
He added that Track 14 project, is a mixed-use project includes commercial, administrative, and medical units, is located on an area of 2,500 square meters, and consists of a ground and 14 floors, and it is scheduled to be delivered in 2025, noting that the company eyes EGP 750 million pounds sales revenues.
Track 10 is located in the heart of the New Administrative Capital in the Downtown near gold Market, the Monorail, the Presidential District and the Data Center, and it was designed to suit all fields as it consists of various commercial, administrative and medical spaces to be a different start for project owners and investors, and a fixed point for all residents and visitors of the Administrative Capital.
Track 14 is located in the Downtown with an extended view of the Green River and the tourist towers area near the Central Park and the densest residential neighborhoods R8 – R7 to ensure a shopping experience for all visitors.
Track 14 was designed on a large area that includes all administrative and medical commercial units, to allow diversity in all businesses to provide all amenities for business owners and investors.
Hany Helmy, Vice Chairman of DIG, confirmed that the group aspires to become a real estate investment destination that leads and directs the Egyptian real estate market towards a better and more sustainable future by providing high-quality services and projects with the highest investment return for our customers and providing the best work environment for our employees.
He noted that DIG focuses on adding value and enhancing levels urban development through its various projects across the company’s land portfolio, in addition to the recent acquisition of Infinity Developments.