Radix Development announced the launch of its third project, “Spinner” Mall, in the New Administrative Capital, during the press conference for the launch of the project, which was held at the Hilton Heliopolis Hotel, which it offers to its customers with investment features and very competitive prices, in addition to providing the highest levels of quality that the company follows in implementing its current projects. According to Investgate.
This came in the presence of the co-founder and CEO of Radex, Akram Al-Sheikh, the Saudi businessman Salman bin Khalil Al-Sabaan, Chairman of the Board of Directors of the Salmaniya Group in Egypt and Vice Chairman of the Board of Directors of the Muwafaq Holding Group in Saudi Arabia, and Ahmed Zaghloul, the Founding Partner and President. Executive Director of the Salmaniya Group of Companies, in addition to the presence of Dr. Iman Saleh, CEO of Brand, Dr. Bassem El-Sherbiny, CEO of Etqan, and Engineer Mohamed Tammam, CEO of Archrete, according to the statement issued on 4 July.
Ahmed Zaghloul, co-founder and CEO of the “Salmaniya” group of companies, began his speech during the press conference by saying that the company was interested in putting all its expertise into choosing a unique strategic location to implement the “Spinner” mall in the New Administrative Capital, where the choice fell on an area close to important roads and vital places, as well as the main axes. Direct, through which it is easy to reach all customers without taking long distances.
The New Administrative Capital has international technologies that keep pace with modern urban development due to the use of fourth generation technologies and ensure the success of customers’ investment activity. Therefore, the “Spinner” Mall in the New Administrative Capital is located on the Al Amal Axis in the “MU23” area, specifically in plot “E8”, with a direct view of the largest square in the axis. Stressing the importance of the location chosen by the company, which confirms to customers the company’s endeavor to choose the best locations for its projects, as happened before in the “Agile” project in the “Downtown” area and the “Ray” Copound project, which is located in the best locations in the “R8” area, Both are in the Administrative Capital.
Ahmed Zaghloul added that the company has developed an investment plan commensurate with its strategy in the real estate market during the next 5 years, and aims to expand with a package of new projects, especially in the New Administrative Capital, in addition to studying investment opportunities in various other places, in addition to continuous and ongoing work around the clock to complete the stages. Construction in previous projects, as the “Agile” project in the Downtown area is witnessing a boom in construction stages that exceeded 60%, and the “Ray” project, which is witnessing the start of excavation work for the first and second phases during the current month due to the introduction of some procedures in the licensing systems that were not It will be tracked before February 2023 by the official authorities. Therefore, the construction timelines have been modified to avoid any delays in deliveries, out of the company’s concern for the interest of its customers. The company also intends to begin construction of the new project as soon as possible.
Zaghloul continued: “The real implementation on the ground through the actual implementation work is the only evidence of the seriousness and efficiency of the real estate developer, and that the implementation and construction work is one of the most important stages of the project to which the company pays special attention. We never compromise on the values that we offer to our customers, the most important of which is The quality of the real estate product we provide.”
Akram Al-Sheikh, co-founder and CEO of Radex, explained that the “Spinner” project in the Administrative Capital has an area of 10,700 square meters, and the project consists of a ground floor in addition to 11 recurring upper floors. The largest portion of the total area has also been allocated to the buildings that contain a variety of investment units, including medical clinics, shops, and administrative offices, which are distinguished by their varying sizes and offered at the best prices, in addition to the availability of all basic services and various facilities that are distinguished by their high quality to meet the needs of all customers. And investors in “Spinner” Mall in the New Administrative Capital. The project targets sales exceeding 3 billion Egyptian pounds over the next three years, and the project cost is approximately 2.5 billion Egyptian pounds.
Akram Al-Sheikh pointed out that Radex, since its launch in the Egyptian market, has taken into account its customers, who are the basic base for success and excellence, and therefore it has cooperated in the “Spinner” Mall project in the New Administrative Capital with success partners from major consulting, architectural and marketing companies, including the engineering consultant. “Archrete”, financial and marketing consulting “Etqan”, commercial unit management company “Prand”.
The Sheikh also explained that the “Radix Development” company was the first nucleus for the formation of the “Salmaniya Group of Companies,” which now includes 9 companies operating in 5 different industrial, commercial, and service sectors, as the companies’ work strategy relied on first entering the industries feeding the real estate development sector, such as the company. «Agile For Investment», which works in management, operation, maintenance and providing consulting services under its brand «Z-Advisor», in contrast to «UCAC» Advanced Contracting Company, which works to achieve the highest quality rates in building fourth-generation cities, and also establish a factory specialized in metal forming. In partnership with an investor manufacturer with up to 20 years of experience within the same sector, in addition to the company “Radix Smart Tech”, which works to provide smart solutions to customers in the framework of smart homes and offices “Home Automation”, and all light current work in major projects. Inside and outside Egypt, such as civil defense work, alarms, surveillance cameras, monitoring and managing smart buildings, internet support services, all light current works, and establishing “Data Center” projects, such as the one being held in the Administrative Capital in more than one location.
Akram Al-Sheikh went on to say: “All of this is for the sake of implementing and operating a distinctive real estate product worthy of bearing the name and trademark of Radex, which we are proud of currently being the nucleus of the transformation of the group’s business so that the volume of cash investments in circulation exceeds one billion Egyptian pounds after the initial investments that were pumped were 40 million.” Egyptian pound 7 years ago, and during that period we succeeded in building and transforming into an ambitious economic entity.”
Salman bin Khalil Al-Sabaan, Chairman of the Board of Directors of the Salmaniya Group in Egypt and Vice Chairman of the Board of Directors of the “Muwafaq Holding” Group in Saudi Arabia, confirmed that the company went to invest in the Egyptian real estate sector through the “RADIX DEVELOPMENT” company due to the strong investment climate in Egypt, explaining that the group It aims to expand a portfolio of new projects during the coming period, and it chose to start in the New Administrative Capital because of the tremendous investment potential that this project has in addition to the government’s interest in this huge project and the provision of all mechanisms to make this project a success.
