MG Developments has signed a partnership agreement with LOGIC Consulting, a strategic and governance consulting services leader, Invest-Gate reports.

The collaboration aims to improve MG Developments’ organizational structure and streamline governance processes, enhancing its competitiveness and fostering sustainable growth.

The agreement was signed by Aya El Shenawy, Commercial Director and Board Member of MG Developments, and Amira El Deeb, Senior Partner at LOGIC Consulting. The partnership will focus on refining the company’s operational framework, aligning it with market dynamics to optimize operations and ensure long-term success.

Moreover, El Shenawy highlighted the significance of this partnership, stating that it aims to restructure MG Developments’ systems and strategies, enabling the company to adapt to market changes. This includes updating the company’s long-term vision, setting new goals, and exploring opportunities to expand into new markets while increasing market share.

Furthermore, El Deeb emphasized LOGIC Consulting’s dedication to delivering solutions that foster sustainable growth, improve client operations, and strengthen market presence. She noted the firm’s commitment to leveraging its 25 years of experience across sectors like real estate and health to enhance MG Developments’ operational flexibility and efficiency.

Notably, the collaboration marks a significant step for MG Developments in ensuring its adaptability and responsiveness, supporting its strategic goals in an evolving market environment.

MG Developments has successfully completed the “Navy” phase of its Blue Blue Resort in Ain Al Sokhna, well ahead of the scheduled timeline, Invest-Gate reports.

This achievement marks a significant milestone, further solidifying the company’s reputation as a reliable real estate developer committed to quality and timely delivery.

Moreover, the “Navy” phase is one of the critical stages of the project, which is strategically located on the Red Sea coast and offers a wide range of recreational facilities and services.

For his part, Mohamed Motawea, Chairman of MG Developments, emphasized that the early completion of the “Navy” phase reflects the group’s dedication to delivering high-quality projects on time. He assured us that the same efficiency level would continue in the subsequent phases to ensure they were completed as scheduled.

Furthermore, Aya El-Shenawy, MG Developments’ Commercial Director, highlighted that the early completion boosts client confidence in the company’s ability to fulfill its promises. She added that this success paves the way for the launch of a new phase, which is expected to meet the needs of clients interested in owning and investing in this unique location.

Also, building on the success of the Blue Blue project, the group is currently working on an ambitious expansion plan to launch a new project in Al Ain Al Sokhna, with an announcement expected soon.

Notably, this development is part of MG Developments’ vision to create real estate projects that enhance living standards and offer a distinguished residential experience, reinforcing Blue Blue Resort’s status as a premier destination in Egypt.

MG Developments, a prominent real estate and tourism development company in Egypt, has appointed JLL, a global professional services firm specializing in real estate, investment management and development consultancy services, to offer leasing and property management services for its upcoming HQ project “HQ” in New Cairo. HQ Mall is the company’s latest mixed-use project featuring efficient and modern flexible offices and is coming up on 90th North Street in New Cairo, a satellite city within the metropolitan area of Cairo, Egypt.

Mohamed Motawea, Chairman, MG Developments, and Ayman Sami, Country Head, Egypt at JLL, signed the agreement in the presence of Aya El-Shenawy, Commercial Director, MG Developments.
Mohamed Motawea, Chairman of MG Developments, stated that this collaboration reflects the group’s commitment to partnering with international companies to attract top brands. This strategy aims to enhance the provision of commercial services and diverse administrative offices, to cater to the needs of the high operational density in the first sector in fifth settlement of New Cairo City. In line with this approach, HQ project has partnered with several leading brands across various industries, he added.
Aya El-Shenawy, Commercial Director, emphasized that MG Developments has consistently worked with renowned and leading brands across various industries and added that the HQ project is a continuation of the significant successes that the company has achieved over its 27 years of experience in developing residential, touristic, and commercial projects. Some of the group’s most notable projects include the ‘Blue Blue’ Resort in Ain Sokhna, ‘Lavida’ Residential Compound in New Heliopolis, ‘Promark’ project in the Business District New administrative Capital, ‘The Mark’ in the Downtown area of the New Administrative Capital, and the ‘Premium Business’ project in the second sector of Fifth Settlement, New Cairo.
Ayman Sami, Head of JLL’s Egypt Office, commented, “We are pleased to provide Leasing and Property management services to deliver maximum value and drive operational efficiency for MG Developments’ latest project “HQ”. Our extensive experience in property management equips property owners with the necessary tools and strategies to succeed in today’s competitive market. As a trusted property management partner to MG Developments, we will provide unmatched value and solutions to ensure that the company’s assets attain sustained and optimal benefits over time.”
Across the Middle East and Africa (MEA), JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 1900 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca, Johannesburg, and Nairobi.

MG DEVELOPMENTS announced signing a contract with Infinity Egypt’s leading renewable energy company and electric vehicle charging provide, to establish and operate electric car charging stations in the company’s projects, among the company’s plans to enhance environmental sustainability and keep pace with global developments in real estate projects.

The contract was signed by Aya El Shenawy, MG Developments Commercial Manager and Board Member, and Shams Abdel Ghaffar, Managing Director of Infinity EV Division for supplying and charging cars, in the presence of officials from both companies.
For her part, Aya El Shenawy, MG Developments Commercial Manager and Board Member, said that the agreement includes the establishment and operation of electric car charging stations in “Lavida”, “New Heliopolis” and “Blue Blue” projects in Ain Sokhna and “HQ” Mall in the Fifth Settlement, as the company always seeks to provide world-class projects on Egyptian land.
El Shenawy added that this contract applies the clients’ requirements enhances the competitive value of the company’s projects, and also takes into account environmental sustainability standards in these projects, which has become a global trend and not just a local one, as the company continues to provide the best services to its clients in all its projects, as part of its working strategy to improve the life quality within its projects.
She explained that MG DEVELOPMENTS is a real estate development company, that has been operating in the market for 27 years, managed throughout this long experience in providing a distinguished package of projects, and continues to provide the best to accommodate global developments in the field of real estate investment, as the company is currently implementing “Blue Blue” project in Ain Sokhna, which is a residential and tourist project located on an area of ​​120,000 square meters, and is being delivered in 5 phases, and the implementation rates of the 5th phase of the project “Savoy” reaches 85%.
He noted that “Lavida” project includes 550 units, and it is a project that has already been delivered and will be inhabited, besides the HQ mall 5,000 project which is a commercial and administrative project located on North 90th Street in New Cairo.
Shams Abdel Ghaffar, Managing Director of Infinity EV Division, said Infinity Egypt’s leading renewable energy company and electric vehicle charging provider, established Infinity EV in 2018 to provide charging solutions for electric vehicles.
He Pointed out that Infinity EV is Egypt’s largest and fastest-growing electric vehicle charging network, being developed as the most reliable EV charging network across Africa and the Middle East. Infinity EV offers tailored charging solutions for various industries, including commercial, real estate, retail, and home charging. With over 170 charging stations and more than 640 charging points across 14 governorates, Infinity ensures comprehensive coverage with Europe’s leading electric vehicle charging technology, providing Europe’s leading home charging solutions

MG Developments has entered into a contract with Telecom Egypt “WE” to deliver smart services and systems for its various real estate projects, Invest-Gate reports.

The partnership aims to provide the latest integrated technological solutions for smart cities in projects, such as Lavida, Blue Blue, and Headquarter Business.

These projects encompass residential, tourism, and commercial administrative sectors, aligning with MG Developments’ strategy to develop and manage its projects using cutting-edge global technological systems. This move enhances the company’s competitive advantage in the Egyptian real estate market.

The contract was signed by Aya El-Shenawy, Head of the Commercial Sector at MG Developments, and Mohamed Abu Talib, Vice President of Commercial Affairs at Telecom Egypt, in the presence of officials from both companies.

El-Shenawy expressed her satisfaction with the partnership, highlighting the company’s vision to embrace the latest smart systems and meet customer needs while providing the best quality and services in line with international standards. The collaboration with Telecom Egypt “WE” as the smart services provider for these projects allows MG Developments to leverage the expertise of experienced partners.

El-Shenawy emphasized that Telecom Egypt “WE” was chosen due to its extensive experience in providing high-quality and efficient communication services, supported by a robust infrastructure.

Under the contract, Telecom Egypt “WE” will offer Triple-Play services, including high-speed shared internet services of up to 200 megabytes per second and IPTV services. Additionally, all mall units will have access to open channels from the start of the contract.

MG Developments signs a partnership with the Expertise Consultancy House DSC International to supervise the implementation of The Mark, the company’s mixed-use project, in the NAC, Invest-Gate reports.

Mohamed Motawea, chairman of MG Developments, says that the company contracts with DSC International, headed by Nabil Elharazi, to prepare the integrated designs and supervise the implementation of The Mark project in the NAC.

This partnership aims to ensure that the project has a distinct design and goes in line with the decision of the NAC Company to oblige companies to contract with engineering consultancy offices classified as an expertise house.

Additionally, The Mark investments amount to EGP 350 mn. The completion rate of the project reaches about 20%, which is built in a modern and smart way on an area of ​​3, 200 meters, with a construction rate of only 30%. Further, the mall features a ground floor, 10 high floors, and three basement floors, with a variety of unit spaces to create for commercial, administrative, medical, and hotel activities.

Motawea confirms that the company offers a prominent finishing system for the units. The administrative units and offices are fully finished. Moreover, the hotel apartments are ready and fully furnished, while the commercial units and shops will be finished with the Shell & Core system.

On her part, Aya El-Shenawy, head of commercial sector at MG Developments explains that the project is located in the New Capital’s Downtown area near the Monorail station, the metro in the capital, the Central Park, the Green River, and the Mosque of Egypt.

El-Shenawy adds that the company pumps about EGP 50 mn into the project, which is characterized by the diversity of units and internal divisions on each floor

MG Developments announces signing a contract with Engineering Consultants Group (ECG) to monitor the implementation of ProMark Project in the NAC, Invest-Gate reports.

ProMark Project is a commercial administrative complex overlooking the central park and the square between the government district, banks, the parliament, the Central Bank of Egypt (CBE), the Egyptian Exchange (EGX), and the Opera House.

Aya El-Shenawy, head of commercial sector at MG Developments, says that contracting ECG falls in line with the country’s agenda to deal with consultants in new projects.

Mohamed Motawea, chairman of MG Developments, affirms that the company has completed 60% of the project. Motawea notes that the project’s total cost increased on the back of the latest global economic issues that raised the prices of construction material.

The chairman points out that the company is keen on delivering its project ahead the deadline.

In the same vein, El-Shenawy states that the company has injected near 50% of the its liquidity into the project.

ProMark Project spans over 8,836 meters, and the building acquires 25,000 sqm, and it is divided into two parking floors with a total area of 10,000 meters. The commercial building covers 5,000 meters and consists of the ground and the first floor. The following six floors consists of administrative offices, with a total area of 10,000 meters.

. MG Developments announces the signing of a joint venture with the First Abu Dhabi Bank to finance clients for the Lavida project with the longest repayment period of 15 years, Invest-Gate reports.

The step falls in line with the company’s framework to support its clients to purchase the units. The deal was signed after a study conducted by the bank for the company’s projects, which indicated the company’s financial stability that allows its projects to be self-financed, as well as the speed of implementation and the delivery to clients before the pre-set dates.

Aya Al-Shenawy, head of the commercial sector at MG Developments for investment, tourism and real estate development, expresses her gratitude for concluding a cooperation protocol between the company and the First Abu Dhabi Bank to finance those wishing to establish new units in Lavida.

MG Developments Chairman Mohamed Motawee expresses that signing the deal reflects the long-term strategic relationship with the bank over the coming period. He also praised the real estate mortgage initiatives launched by the Egyptian government during the last few months and their positive impact on the market and the Egyptian economy.

Lavida is located in New Heliopolis and spans over an area of 26,000 sqm near Cairo International Airport. With a cost of EGP 400 million, Lavida is an integrated residential project that is divided into three neighborhoods are Venice, Naples, and Milan.

MG Developments signs a cooperation agreement with Savills to manage the design and implementation of “The Mark” project in the Downtown area in the New Administrative Capital (NAC), Invest-Gate reports.

Under the agreement, The Mark is to provide the best quality of services either in commercial or administrative units, to provide all comfortable means for beneficiaries.

On this occasion, Mohamed Metawee, chairman of MG Developments, states, “We are proud of our cooperation with Savills, especially it is not our first time, as Savills manages the HQ project in the Fifth Settlement,” noting, “Savills has strong experience as it operates in more than 70 countries with 600 offices worldwide.”

On his part, Catesby Langer-Paget, head of Savills Egypt Office, declares, “We have been looking forward to working in east Cairo, and we made it through the HQ project. Now, we are working on the vital project, The Mark, in NAC, which is seen as a valuable addition to Savills portfolio.”

Furthermore, Ahmed Farghaly, head of project and cost management at Savills Egypt Office, comments that they always aim to cooperate with big entities that have remarkable projects. And signing this agreement is a distinguished step for the company.

It is worth noting that the EGP 350-mn project is a commercial, medical, administrative, and hotel apartment project, that spans over ​​3,144 thousand sqm, with a built-up area of ​​15,000 sqm, comprising 11 floors and a 3-floor garage.