Modad Properties Nearing Completion of Landmark New Administrative Capital Project

Modad Properties, a subsidiary of the prominent MODAD Group, announced significant progress on its "Sector 1" project, situated within the heart of Egypt's New Administrative Capital's finance and government district. The company highlighted the near completion of excavation and piling works, signifying a major milestone in the project's development.

Sector 1 is envisioned as a comprehensive administrative and commercial complex, boasting a total investment of EGP 600 million (roughly equivalent to $12. 62 million). The sprawling complex encompasses a total area of approximately 150, 000 square meters, with a developed area exceeding 110, 000 square meters. Notably, the project offers more than 1, 000 units, along with dedicated maintenance and security services to ensure a seamless experience for tenants.

During a recent series of site visits, officials meticulously reviewed construction progress, the status of utilities and infrastructure development, and adherence to the project timeline. This focus on progress reflects Modad Group's unwavering commitment to delivering Sector 1 ahead of schedule, solidifying the trust they've cultivated with their customers for over a decade.

Mohamed El Haddad, Chairman and Group CEO of MODAD Group, emphasized the company's strategic vision for Sector 1. He remarked that the project represents a significant step forward in their expansion plans within the Egyptian real estate market. Sector 1's integrated design, incorporating both administrative and commercial spaces, caters to the diverse needs of various companies and institutions seeking a modern and functional work environment within the New Administrative Capital.

The project's strategic location within the heart of the finance and government district further elevates its appeal. Tenants will enjoy close proximity to critical government and financial institutions, fostering an environment conducive to business growth and collaboration.

Modad Properties' progress on Sector 1 signifies a vital contribution to the ongoing development of Egypt's New Administrative Capital. This ambitious project aims to establish a world-class business and government center, and Sector 1's integrated offerings will undoubtedly play a key role in attracting businesses and institutions seeking a prime location within this burgeoning metropolis.

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