Additionally, the chairperson explained that the company was keen on investing in the NAC because it is an icon of real estate in the Arab world and is a global project on Egyptian land.
He went on to say: "We choose the best sites that represent the company. Additionally, the company's investments in the NAC reached approximately EGP 8bn, and there is a plan to double it by the end of this year."
He added that Archrete is the architectural consultant for H Mall and Trave.
He added that Archrete is the architectural consultant for H Mall and Trave.
For his part. Omar Al-Marakby — Head of Sales at New Event Developments — said that the Trave project will span an estimated 20.000 sqm, and the building will consist of a ground floor and 12 storeys. including three for shops and nine for administrative offices.
New Event Developments started its investments in west Cairo by developing a group of residential towers with a total area of 400.000 sqm.
The company has also developed many projects in the Gulf. namely Saudi Arabia, the UAE. and Yemen. varying between commercial and residential properties with a total area of up to 700.000 sqm.
