UDG launches the “E Tower” Project in the New Capital

UDG launches the “E Tower” Project in the New Capital

Aug 08, 2022

In the Central Business District of the New Administrative Capital, with a total investment of 750 million pounds, according to Investgate.

In this regard, Walid Al-Zeini, Chairman of the Board of Directors of the “UDG” Urban Development Company, said that the “E Tower” project is the company’s first project, which was launched in the Egyptian market during the last month, according to the official statement issued by the company on the 13th of May. November.

Al-Zeini added, during his speech at the celebration of the launch of the project, that “as a group of partners, they have a strategy that focuses on implementing projects that are in line with the state’s vision of implementing urban development with a modern, sustainable thought and exploiting their long-standing experiences in the field of building materials trade and contracting.”

For his part, Mohamed Mounir, CEO of “UDG” for Urban Development, confirmed that “E Tower” is a commercial administrative project, located in the Central Business District (CBD), noting that the company has cooperated with “Infusion” for development and project management, and “Infosion” company. GRID, one of the leading companies specialized in the implementation of administrative and commercial buildings, and Muharram Bakhoum, a multidisciplinary engineering consultancy to supervise and implement the project.

In a related context, Tariq Al-Jeddawi, Managing Director of the Commercial Sector at UDG Urban Development, explained that this project is a “mall” consisting of 14 floors and is located on a building area of 14,000 square meters, and it will be delivered within 4 years.

Moreover, Al-Jeddawi revealed that the company plans to launch its second project during the first half of 2022, which will be in the new administrative capital as well, pointing out that the company there has many investment opportunities under study and the economic feasibility of which is being examined in a number of new cities.

https://invest-gate.me/ar/اخبار/udg-للتنمية-العمرانية-تطلق-مشروع-e-tower-ب-2/#.YZLgj4Ztbjk.whatsapp

Children's Cancer Hospital Foundation 57357

Dec 29, 2022

We ended 2022 with a visit from all employees of UDG to the Cancer Hospital 57357, as a Financial and Moral Support

Wael Kfoury performs at UDG United Development Group's party at JW Marriott

Nov 11, 2021

With the best songs and the most wonderful words, the great Lebanese singer Wael Kfoury celebrate the concert of UDG for United Development Group, which was organized by the company on the occasion of the launch of its first project in the real estate E Tower.

200 million pounds sales in E Tower Within two weeks of project launch

Aug 16, 2022

UDG Developments achieves EGP 200mn of contractual sales of its E Tower two weeks after the project’s launch, Invest-Gate reports. Board Member and Managing Director of the Commercial Sector at UDG Developments Tarek El Gedawy reveals that E Tower has witnessed high demand due to its distinctive location in CBD, its architectural design, and the various unit sizes and spaces offered. E Tower is UDG Developments’ first project in the Egyptian real estate market; the company is currently planning to launch a number of projects worth EGP 5bn across several new cities soon. In H1 2022, Gedawy confirms another project launch at NAC as well. Furthermore, El Gedawy explains that there is a great demand for the administrative and commercial units in NAC, especially in the CBD. He expects prices at NAC, specifically, to increase by 10% to 15% during the first quarter of next year. Scheduled for delivery in four years, the 14-storey E Tower mall spans 14,000 sqm at an investment cost of EGP 750 mn, El Gedawy reveals. E Tower features a reception area, a cafeteria, and a large meeting room.