Construction Magazine March 2016 | Page 35

AFRICA involved in . Sultan says : “ Capitalising on our leadership within the real-estate sector , we ’ ve decided to export such expertise via partnering with the government and the private sector in a continuous attempt to support housing provision . We ’ ve partnered with NUCA ( New Urban Communities Authority ) to co-develop 500 feddans in New Cairo . The project sales are expected to take place towards the end of 2016 . We ’ ve partnered with Madinet Nasr Housing to co-develop 100 feddans of Capital Gardens in New Cairo extension within Sarai development , along Cairo Suez road and within close proximity from the new administrative capital . Capital Gardens was launched last December and has achieved tremendous results - almost 100 percent of the first tranche was sold out during the first week of launch , reinstating demand in the Egyptian real-estate marketplace . Such a project is a clear testament to our dynamic and adaptive approach while casting our net wider targeting the upper middle income segment .”

‘ A key pillar behind such stellar results is what we pride ourselves in : being the employer of choice in Egypt , deploying the best talent pool across all specialties , and keeping them constantly engaged ’

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