Ready to move apartment for sale in 6 October Sun Capital
EGP 4,655,000
Ready to move apartment for sale in 6 October Sun Capital
Apartment 3 Bedrooms for Sale in Sun Capital - 6 October By Arabia Group - Delivery Year 2023
As a lawyer, it is my duty to provide accurate and reliable information to the public about the Sun Capital development in Egypt. In this article, I will discuss what we know so far about Sun Capital and its potential impact.
Sun Capital is a large-scale residential and commercial development located in the 6th of October City area of Egypt, which is a satellite city of Cairo. The project is being developed by Arabia Holding, a leading Egyptian real estate company, in partnership with the Saudi Arabian-based Al-Tamimi Group. The project is valued at $2.7 billion and will cover an area of 557 acres.
The development will include more than 30,000 housing units, as well as a range of commercial and recreational facilities. It is expected to be completed by 2023 and will provide housing for up to 135,000 people.
Sun Capital has been highly anticipated as a source of economic growth and job creation in Egypt, with its developers touting its potential to attract foreign investment and support domestic businesses. The development is also expected to provide much-needed affordable housing to the growing population of Cairo.
However, the project has faced some criticism from environmental and human rights groups, who argue that it could lead to the displacement of local communities and harm the region's fragile ecosystem.
Furthermore, concerns have been raised about the financing of the project, with critics questioning whether the developers will be able to secure the necessary funding in light of Egypt's challenging economic climate.
As a lawyer, I believe it is important for all stakeholders to carefully consider the potential benefits and drawbacks of such a large-scale development. It is crucial for the developers to comply with all legal and environmental regulations, as well as to address any concerns raised by local communities and civil society groups.
Ultimately, the success of Sun Capital will depend on its ability to provide affordable housing and support economic growth, while ensuring that the rights and interests of all stakeholders are respected. As the project moves forward, it will be essential for all parties to work together to ensure that these goals are met.
Sun Capital High residential Compound by Arabia Holding in 6th of October. The Sun Capital is one of the largest and most prestigious residential projects implemented in the heart of 6 October city, which holds more than one title including The Sun City or the New Tourist Capital of Egypt, and is the first residential project implemented in partnership with the Ministry of Housing, which is characterized by a wonderfully strategic location where direct views of the pyramids and proximity to the Great Egyptian Museum.
Arabia Group Arabia Holding Company is the executing company of the project which has a lot of projects that have been implemented on the ground. The Arabia Group of Companies is a diversified consolidation of 12 business entities operating within several commercial sectors across Jordan. Arabia Group’s first business was established in 1988 Arabia Group owns leading and award-winning businesses active in sectors including media and advertising, digital marketing, radio & TV broadcasting, power generation, contracting, solar asset management, technology and hospitality. The group’s radio & TV broadcasting unit, Al Kawn, is Jordan’s foremost owner and operator of private radio and TV stations. ATC, Arabia Group’s utility power developer has grown from providing consulting and local support services to standing at the forefront of the Middle East region’s shift towards renewable energy.
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