Rawabet Real Estate Development Company announced the nearing completion of excavation work at the site of its project (Sela Businesses Hub) in the most prominent location in the Financial District in the New Administrative Capital, whose investment volume exceeds 4 billion pounds

Amr Sabry, CEO of the company, explained that based on the company’s commitment to fulfilling its obligations towards its customers, the company is racing against time in excavation and construction work to speed up implementation and delivery before the specified date according to the schedule for deliveries, to emphasize the company’s seriousness and respect for its customers, to increase confidence in the company, to consolidate its name in the minds, and to consolidate the relationship with its customers. With the aim of creating a customer base that increases through customer nominations to each other

Sabry said that his approach to Rawabet Investment Company in the Administrative Capital comes in the context of supporting and supporting the state in implementing its development plan, to which President Abdel Fattah El-Sisi gives all the attention and support to creating smart cities that are comparable to, or even surpass, international cities. The state has succeeded in this by launching the implementation of the new administrative capital, which has made Egypt On the road map and made it a destination for investors from all over the world

Also, its orientation to the city of New Alamein and the northern coast, which made them a destination for all nationalities of the world throughout the year, not just the summer months, made Egypt a tourist destination throughout the year

Sabry said that the state’s thinking in the current period is based on attracting and motivating investors, by providing all forms of support to real estate developers, but the state’s projects have become a model for real estate companies to follow, such as the high-rise towers that are being implemented in the Administrative Capital and New Alamein City

He added that the great interest of the Egyptian government in supporting and providing the appropriate investment climate for the growth and prosperity of the real estate sector, over the past ten years, and considering it a basic pillar in economic growth, and achieving sustainable development at times, through expanding the establishment of new cities within the fourth generation cities plan, Another is through issuing a number of legislations that the government presented to the House of Representatives and the Senate

It was discussed that it will lead to a major urban revolution and the advancement of the real estate sector, which drives about 100 industries and represents a large percentage of the total national income