MG developments has announced that they had started working on the new expansion plan, by opening new markets of the Egyptian real estate market in the north coast. The company also announced setting up new company “MGI” as a new company of MG developments. Mohammed Metawee Chairman of MG developments said that the company has started to implement the expansion plan of opening new markets in different places to develop the real estate market including the residential, tourism, commercial and administrative. also he stressed on the importance of opening new markets to support the development of the real estate filed that the company is working on since its start to open the door to such investments that will affect the Egyptian economy in general.
He announced the founding of the company “MGI” As a new company within the group of companies for the development of projects in October and Sheikh Zayed and the north coast bringing the number of affiliates to 8 companies specialized in real estate activities and the work of diverse contracting, where the group of companies MG developments includes several integrated companies, including Metawee Group multi-purpose joint-stock company, international Company for Real Estate development and project management, international Company for Contracting & Supplies, and the ZEW management and maintenance company.
Metawee added that the company is completely dependent on self-financing for its projects during the last period given as determined by the real estate construction terms of the need for the project is fully completed before the delivery date to customers; to allow the company to get a loan or financing contributes to start new projects, and added that the company make use of the most important experiences and competencies in the implementation of projects, ensuring compliance followed by the group since the beginning of its work, hand over the units before the agreed deadlines in contracts with its customers, providing the best services, whether related to public services units or guaranteed over maintenance life.
Aya El-Shenawy marketing at ManagerMG developments said that the company is now working on the commitment to implement the plan announced by the expansion in the Egyptian market in all fields, residential, tourist, commercial and administrative. In addition to excellence in the residential area to the implementation of many projects and the most important of which other projects “Sky view” and “Sky view Premiere” compound which the group announced the end of the work with them ahead of schedule, with the completion of the “Sky View” earlier with 6 months, and “Sky view Premiere” with a full year, with an investments amounted to “850 million pounds”, excellence in the field of tourism project “Blue blue” Ain Sokhna with investments reached 750 million pounds, on an area of 121 thousand square meters in Zafarana, as a way to strengthen the Egyptian economy as tourism investment and administrative are important basis in the Egyptian economy.
She announced that the company began to implement a new management project “Headquarter Business” in New Cairo the first distract of al Tagmou’ al khames, and primarily on the 5 thousand square meters in New Cairo after the company got the project licenses from the Urban Communities Authority, the project is getting marketed by the system of leases and ownership up its investment to “500 million pounds, the company declared that start entering the administrative area in the Egyptian real estate market. Aya added that the company is committed to its customers with quality and safety standards for the construction and delivery schedules and methods of payment, in all its projects to satisfy existing customers and a desire to attract new customers, keep what we have reached the company’s success has made her a private in the Egyptian real estate market niche.