Safwa Holding, represented by Safwa New Capital, has launched its first project in the new administrative capital “S-One”, located in the Downtown, over an area of about 3800sqm, and it consists of two mixed-use towers with a height of 10 floors.
Engineer Zakaria Al-Shamy, Chairman of the Board of Directors of Safwa Holding, said that the total investments of the project of about EGP 750mln, as the company received the land from the New Administrative Capital Company in May 2021. He added that they have started enabling works, and would deliver the by 2024.
Al-Shamy said Safwa Holding's companies began its activity in the real estate and contracting more than 25 years ago, and the group began in East Cairo, Mokattam and Nasr City, then moved to New Cairo, Al-Shorouk City, and the new Gesr Suez City.
The group have established Safwa Contracting and Supplies Company to carry out engineering construction works, then Safwa Studio for Design and Finishing, which specializes in finishing works, architectural designs and decorations, and then the group’s latest company, Safwa New Capital Company, which undertakes real estate development projects in the new administrative capital.
Safwa Real Estate Company has topped the list of the most successful and largest real estate developers, as it is one of the oldest real estate developers in New Cairo and East Cairo, and throughout its history it has delivered nearly 3000 residential and commercial units in more than six neighborhoods and urban cities in Cairo.
Safwa for Construction and Supplies has implemented more than 200 residential and mixed-use projects over twenty years. Safwa Holding Group have professional team, the group’s investments during the last ten years amounted to about EGP one billion pounds, and the group aims to increase it to EGP 3 billion pounds.
© Press Release 2021
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