Salah El-Halaly, the Chairman of the Board of Directors of “Fath Group” for real estate development and project management, stated that the collaboration with “ECG” reflects the company’s commitment to delivering a real estate product that encompasses all avenues of success, excellence, and precision. He emphasized that “ECG,” as a leading engineering consultancy group globally, will supervise the execution of the company’s new project, “AMAZ BUSINESS COMPLEX,” covering an area of 5831 square meters with an investment cost of 800 million Egyptian pounds in the Downtown area of the New Administrative Capital, starting in the new year of 2022.
El-Halaly expressed his strong commitment to participating in Egypt’s development under President Abdel Fattah El-Sisi’s strategic plan, which aims to expand geographically through the creation of fourth-generation cities. The company plans to diversify its project portfolio to align with the changing real estate market dynamics, especially in the New Administrative Capital and New Alamein, covering various real estate sectors such as residential, administrative, commercial, medical, and hospitality.
Highlighting the success achieved in the first project in the New Administrative Capital, “AMAZ BUSINESS COMPLEX,” El-Halaly emphasized its significance as a promising start towards achieving the company’s ambitious goals. “Fath Group” was among the pioneering real estate companies investing in the New Administrative Capital, starting collaborative efforts in early 2017 within a joint working group. The company adheres to the state’s plan to establish new urban communities and fourth-generation cities.
The decision to expand in the New Administrative Capital stems from the belief that the capital’s market is promising and offers numerous opportunities. El-Halaly affirmed that the company greatly benefited from the success in achieving high sales rates during the launch of the “AMAZ BUSINESS COMPLEX” project earlier this year.
Regarding the selection of “ECG” as the engineering consultancy group, El-Halaly explained that the contract is part of the company’s plan to deliver a strong real estate product that meets the needs of its clients. He highlighted the company’s commitment to quality standards and global technical specifications in execution, requiring reliance on a reputable entity with high experience in engineering supervision.
El-Halaly stated that the company’s future plan relies on studies to achieve advanced implementation rates in its existing projects, offering a powerful real estate product consistent with its achievements over the past thirty years. He emphasized that the recent period witnessed the entry of many new and inexperienced real estate developers who often neglect future plans and the required capabilities and experiences, especially given the engineering specifications imposed by the New Administrative Capital Development Company.
There is complete coordination between “Fath Group” and “ECG,” with a dedicated team in constant communication and coordination to finalize the implementation plan for the upcoming project set to begin in early 2022. The company is keen on adhering to the timelines it has set for completing the execution work ahead of the specified delivery date.
Eng. Mohab Marqos, Deputy Managing Director and Head of the Architectural Business Unit at “ECG,” highlighted that “ECG” is one of the leading engineering consultancy companies in the Middle East and Africa. The company achieved a distinguished rank among the top 225 international engineering design companies, according to ENR Record News-Engineering magazine. “ECG” has executed numerous major projects exceeding a total construction value of 200 billion dollars in Egypt, the Middle East, North Africa, Europe, and America across various engineering fields.
Marqos emphasized that “ECG,” with more than 50 years of extensive experience since its establishment in 1969, has executed over 2500 projects in 39 countries worldwide, covering Africa, Asia, America, and Europe.