MG Developments is preparing to launch the “Premium Business” project, with initial investments of EGP 200 million, which is its second commercial administrative project in the Fifth Settlement on South Teseen Street. The company said in a statement that the launch of this project coincides with the new expansion plan previously announced by the company to expand its activities and enter new markets and fields.

Earlier, the company launched the “Headquarter Business” project in the Fifth Settlement, and its investments exceeded one billion pounds, and it will be ready by the end of this year.

Mohamed Metawee, Chairman of MG Developments, said that the company adopts a strategy of expansion and diversification in the real estate field and started with the residential sector and implemented the Lavida project and delivered it. The first and second of it.

The company launched its first projects in the administrative and commercial field in 2018 with the HQ project. Metawee pointed out that the company is proposing its second project in the administrative and commercial field, Prime Business, with initial investments of 200 million pounds, and work will start on it soon. He explained that the building will consist of 5 floors with an intelligent design of spaces, a commercial area, meeting rooms, advanced elevators, a parking area, an advanced fire-fighting system, backup electricity generators, designated smoking areas, open areas, landscapes, a car service center, shared kitchens, technical support services, backup water tanks, services for visitors, high-speed internet and a center ATM for quick banking services, security and property management.