Khaled Sabry launches Ronza Tower in New Capital
Khaled Sabry Holding Group announced the launch of its first project in the New Capital "Ronza Tower", with investments amounting to EGP 500mln, as part of the company's expansion plan in the Egyptian market.
Engineer Khaled Sabry, Chairman of the Company’s Board of Directors, said that the project is being implemented on an area of 2,617 square meters (with an area of 11 thousand square meters) in the Down Town area in the New Administrative Capital.
It consists of a ground floor and 10 floors dedicated to administrative, commercial, and hotel activities, besides 3 garages to serve the project's pioneers. The project comprises 220 units; with areas ranging from 19 square meters to 80 square meters.
He indicated that the implementation of "Ronza Tower" will start after obtaining the land license from the New Administrative Capital Company, and the project is scheduled to be completed during the last quarter of 2024, provided that the commercial units will be delivered semi-finished, the administrative units and the hotel ones fully finished.
He emphasized that the company focuses on using technology in its real estate projects through the use of specialized companies in that sector, as the company aims to launch a real estate project that is different in terms of product, construction mechanisms and modern systems in the presence of many similar projects, heightening the competition in the New Administrative Capital.
The company contracted with the consultant Mohamed Hafez HAFEZ Consultants to start the engineering designs for the project, as the company undertook the engineering design for the project (Lavista City - Elpatio ORO - Elpatio 7 Compound - Sarai - water way2- Master Plan Zones).
The chairman added that there are a large number of investment opportunities available in Egypt in light of the launch of huge real estate projects currently, whether in the new administrative capital or the new Alamein, so the company seeks to solidify its presence in the Egyptian market in the upcoming period.
Khaled Sabry explained that the company has developed an investment plan commensurate with its strategy in the real estate market during the coming period, and aims to expand using a package of new projects, especially in the New Administrative Capital, in addition to studying investment opportunities in New Cairo.
