Abu Dhabi: Consolidated by the support of global and local companies, Morganti GCC, a pioneer in Project Management Consultancy (PMC), Facility Management Consultancy (FMC) and Total Facility Management Services (TFMS), announced the launching of their business in the Egyptian market under the name “Morganti – Annex”. The company aims to keep pace with the real estate booming witnessed in Egypt over the last years by exploiting cooperation and collaboration endeavors with 3 major entities, namely Annex Investments, Vantage Development, and Seattle Project Management Services.
Morganti – Annex targets to offer and introduce a new experience in PMC, FMC and TMFS to the Egyptian market by prioritizing the clients’ interests in optimizing the projects benefits for achieving the highest returns on investments.
Morganti - Annex aims to inject between AED 10–20 million into the Egyptian market in the upcoming 3 years. Being the first of its kind, this cooperation is constituted between Egyptian, Arab and American companies to introduce a new service to the Egyptian market using the latest methods and practices in Project and Asset Management to enrich the Real Estate sector and achieve the highest returns on investments. The company’s goal goes hand in hand with the urban and developmental booming in Egypt, and will optimize opportunities to the construction expansion of luxurious buildings and towers requiring special and exceptional managerial and engineering expertise.
On this occasion, the President of Morganti GCC, Mr. Walid Salman stated that the company with its legacy holds the necessary tools and resources, including the relevant frameworks and required competencies, for becoming a role model in the field of Projects and Facilities Management Services. Morganti’s reputation stems from implementing the highest levels of efficiency and maintaining the utmost standards of quality, performance and safety. It was also affirmed that the company will strive to deploy its best efforts to achieve and maintain excellence in providing its customers with services.
Mr. Salman emphasized that the decision to enter the Egyptian market is aligned with the actual market conditions which have become prone to attracting investment, namely within the real estate sector. This decision is an outcome of the strength and solidarity between Egyptian-Emirati relations translated by the political leaders in both countries to enhance joint cooperation, especially in the economical fields.
Mr. Dany Saliby- Area General Manager of Morganti GCC noted that the company will be relentless in providing innovative solutions deemed to increase effectiveness and enhance efficiency through the implementation of the latest advance technologies. Morganti-Annex will kick-off its business in Egypt by providing services to Vantage Developments, (a leading company in the real estate sector) including the Management and Maintenance of Mechanical, Electrical & Plumbing Systems (MEP), Heating, Ventilation & Air Conditioning Systems (HVAC), Waste Management, Civil Security Services, Smart Parking Management, and Interior Fit-Out Works for some administrative and residential units.
The Chairman of Vantage Developments, Mr. Mohamed Abdel Gawad stated that this cooperation reflects the powerful demand on the Egyptian market with the unprecedented development and construction activities growth in the country, as well as from the political and economic stability, and the Egyptian government commitment to support investments. Needless to mention, Mr. Abdel Gawad vision for the company to be driven by the expertise of its founder’s innovative added value, is planning to expand abroad and manage projects in different countries.
Vantage Developments is renowned for its unique projects and quality level compliant to the latest applied criteria in the construction field which drew a benchmark line to others in the Egyptian market.
The Managing Director of Seattle Project Management Services, Eng. Saeed Al Hamli stated that Morganti – Annex will provide services using the latest globally-adopted technologies in smart cities.
Mr. Al Hamli had also emphasized that the company’s services will contribute to enriching real estate sector and increasing the return on investment.
Whereas the Founder & CEO of Annex Investments, Mr. Ahmed Nasser Al Nowais, has stressed the fact that the Egyptian market is distinguished by its great and promising investment opportunities ensuring the achievement of growing returns. This has motivated the company to cooperate with the other major entities to enter the Egyptian market and add value to Projects Management and Facility Management Services fields.
Mr. Al Nowais stated that Morganti – Annex operates with excellence and innovation and that it will always keep pace with the latest developments in the management sector.
Annex Investments is a private investment holding company headquartered in Abu Dhabi, United Arab Emirates. It was founded in 2017 and evolved ever since from a local business to a broad-based investment company in several markets.
© Press Release 2021