Anchor Developments, a new real estate development arm of Alsarh Holding Group, was established with a robust investment plan and initial investments of EGP 10bn.
Chairperson of Anchor Developments Amr Ali says that the company will sign a contract with a strong entity within days to build a project in the New Administrative Capital (NAC).
He added that the company entered the real estate market with an ambitious investment plan of EGP 10bn, noting that Alsarh Holding has more than 30 years of experience in the fields of contracting and construction.
Furthermore, he said that Egypt is currently developing its urban infrastructure, and the drive to build new fourth-generation cities has created promising investment opportunities in the real estate sector. This has allowed a new powerful generation of real estate development companies to take part in this development.
Ali also highlighted the importance of establishing a solid financial plan for construction projects, especially in today’s market, in which speedy development is required.
He explained that the company is waiting to receive ministerial approval to develop the project it purchased a year ago in collaboration with a significant investment entity before announcing its first development.
He further pointed out that this cooperation will achieve integration between the advantages owned by both entities and heralds the development of a strong and distinctive project in a quick time, explaining that the NAC is a huge project and that the company is proud to launch its first real estate investment in the market in this promising national project.
The NAC — as a smart and sustainable city — has become an investment destination in the local market with a strong foreign investment volume that reflects confidence in its value.
Furthermore, the government is constantly seeking to provide more incentives and opportunities that raise the volume of demand for the city — whether for Egyptian or foreign investors.
