Ready to move apartment 114m for sale in Sun Capital 6 October
EGP 2,504,224
Ready to move apartment 114m for sale in Sun Capital 6 October
2 Bedrooms Apartment for Sale in Sun Capital 6 October By Arabia Group - Delivery Year 2023
Arabia Group, one of Egypt's leading real estate companies, has announced a new joint venture with Sun Capital, the £10 billion mixed-use development in 6th of October city.
The project, which spans over an area of 571 acres, will be developed with an investment of EGP 10 billion and will feature residential, commercial, and hospitality offerings.
"We are excited to partner with Sun Capital to execute this ambitious development project," said Mohamed Fahmy, CEO of Arabia Group, adding that the company has multiple projects in the pipeline that align with their strategic vision to provide world-class real estate solutions to clients.
Sun Capital's CEO, Hassan Allam, stated that the partnership with Arabia Group is a reflection of the company's pledge to work with leading local developers to create long-lasting value and offer unparalleled quality in the real estate sector.
The joint venture aims to create a high-end residential community with villas, townhouses, and apartments overlooking landscaped parks, water features, biking and walking trails, and a golf course.
Moreover, the project will also feature a central retail and entertainment destination, a five-star hotel, and an internationally accredited school, adding value to the already thriving 6th of October city.
According to a press release, the development is expected to create around 10,000 direct and indirect jobs during the construction phases and over 30,000 jobs once fully operational.
"This joint venture is a testament to our commitment to accelerating the pace of our real estate developments in Egypt and contributing to the country's economic growth," said Allam.
Sun Capital is a strategic project in the Egyptian government's plan to create sustainable urban communities across the country. The project has already attracted significant investment from both local and international investors due to its prime location and innovative urban planning.
Overall, the joint venture between Arabia Group and Sun Capital is set to create a game-changing development that will set a new benchmark for luxury living in Egypt. With the backing of two of the most respected names in the real estate industry, the project is expected to be a resounding success for years to come.
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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