Emaar Alex Development and SIA Business Development have signed an agreement for the management, sales and marketing of the La Bahia Sidi Abdel Rahman project, with a total investment of 4 billion Egyptian pounds. The partnership aims to strengthen its presence in the Egyptian real estate market.
Mohamed Elhanash, Chairman of the Board of Directors of Emaar Alex Developments, revealed that the project's investment amount reached approximately EGP 4 billion over three years. During this project, he will be implemented in three phases.
Ahmed El-Haddad, CEO of SIA Business Development, confirmed that the company's investments this year amounted to approximately EGP 7 billion, a significant increase compared to the previous year. The company has extensive experience in developing, managing and marketing real estate projects in various fields, including residential, tourism and commercial projects.
The company has collaborated on several housing projects under the Ministry of Housing, as well as tourism projects along various coastlines of Egypt, including Ras Sedor, Ain Sokhna, the North Coast, and Sharm el-Sheikh. . In addition, the company is also involved in the development and management of commercial, administrative, medical and tourist centers in various regions, including the New Administrative Capital and the Fifth Settlement, all of which bear the unique “SIA” signature .
Sayed El-Roubi, one of the founders of SIA Business Development, said that the cooperation between “Emaar Alex Developments” and “SIA” is an important step for both companies. “Emaar Alex Developments'' is a leading company with an outstanding track record in the real estate development field, and “SIA'' is a pioneer in the development, management and marketing of real estate projects, with extensive experience in the industry. The cooperation between the two companies is expected to be a great success, given their outstanding skills and expertise in their respective fields.
Both companies recognize the importance of expertise, and this partnership is expected to contribute to expanding business volume. “SIA Business Development” has extensive experience in the field of real estate development, management and marketing, and through its partnership with “Emaar Alex Developments”, we will increase the presence of both companies in Egyptian real estate while increasing the customer base. market. “Emaar Alex Developments” is a leading company in the real estate development field, and has earned high praise and trust for all of its projects to date. The latest project “La Bahia Sidi Abdel Rahman'' stands out for its distinctive design, competitive price and prime location, all of which are the main strengths of this project.
Please send your press release to pressrelease.zawya@lseg.com.
© Press Release 2024
Disclaimer: The content of this press release has been provided by an external third-party provider. This website is not responsible for and has no control over such external content. This content is provided “as is'' and “as available'' and has not been edited in any way. Neither this website nor any of our affiliates guarantee the accuracy of or endorse the views and opinions expressed in this press release.
Press releases are provided for informational purposes only. This content does not provide tax, legal, or investment advice or opinion regarding the suitability, value, or profitability of any particular security, portfolio, or investment strategy. Neither this website nor any of our affiliates will be responsible for any errors or inaccuracies in the content or for any actions you may take based on the content. You expressly agree that your use of the information in this article is at your own risk.
To the maximum extent permitted by applicable law, this Website, its parents, subsidiaries, affiliates, and their respective shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors ( We shall not be liable (jointly or severally) for: ANY DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL, EXEMPLARY OR EXEMPLARY DAMAGES (INCLUDING LOST PROFITS, LOST SAVINGS, OR LOST REVENUES) WHETHER IN NEGLIGENCE, TORT, CONTRACT OR OTHER THEORY OF LIABILITY; (including but not limited to), you will be compensated even if a party is liable. We may have been advised of or could have foreseen the possibility of such damages occurring.
