Shalaby: The company’s capital is 200 million pounds, and we aim to implement another project by the end of this year
The members of the New Cairo Developers Association Board of Directors established the Monassat Real Estate Investment Company, with a capital of 200 million pounds.
Moataz Shalabi, the company’s commercial director, said that the shareholder structure includes Eng. Ahmed Amin Masoud, Chairman of the Board of Directors of the company, Engineer Muhammad al-Bustani, Engineer Adli al-Qai’i, Engineer Muhammad Ghobashi, Engineer Yasser Abdullah, Engineer Sharif Shaalan, Engineer Abdullah Anwar, Engineer Mahmoud Amin Masoud, Engineer Omar Al-Bustani and Dr. Sherif Salim.
He added that the company starts its investments from the new administrative capital because it contains great investment opportunities as well as the real demand for the city, especially in light of the state’s interest in it and being one of the most important smart cities.
He explained that the company obtained the first plot in the tourist towers area of the Administrative Capital, and plans to develop a project with targeted sales of 5 billion pounds.
He pointed out that the project is mixed-use and contains units in commercial, administrative and medical activities.
He said that all administrative and medical units are delivered fully finished with easy payment systems and competitive prices, provided that the project will be launched in the middle of the current month, and sales are expected to be completed in full within 6 months.
The article “Manassat” launches its first projects in the Administrative Capital with sales of 5 billion pounds, it was written in Al-Borsa newspaper.