By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    CIB signs MoU with LinkedIn learning to promote youth learning culture
    CIB signs MoU with LinkedIn learning to promote youth learning culture
    May 31, 2023
    Islamic banking in Egyptian market increases to EGP 544bn in March 2023
    Islamic banking in Egyptian market increases to EGP 544bn in March 2023
    May 31, 2023
    Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023
    Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023
    May 31, 2023
    Cyprus' offshore Aphrodite gas field to be linked to Egypt: NewMed
    Cyprus’ offshore Aphrodite gas field to be linked to Egypt: NewMed
    May 31, 2023
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
  • Politics
    PoliticsShow More
    AU praises Egypt's role in achieving sustainable peace in Africa despite challenges
    AU praises Egypt’s role in achieving sustainable peace in Africa despite challenges
    May 31, 2023
    Opinion| Russia and China promote stability in the Middle East after the US withdrawal from the region
    Opinion| Russia and China promote stability in the Middle East after the US withdrawal from the region
    May 31, 2023
    Opinion| The American debt crisis and the 2024 elections
    Opinion| The American debt crisis and the 2024 elections
    May 31, 2023
    Abdel Ghaffar affirms Egypt’s support for the Palestinian health sector
    Abdel Ghaffar affirms Egypt’s support for the Palestinian health sector
    May 31, 2023
    Lebanon's army says frees kidnapped Saudi citizen
    Lebanon’s army says frees kidnapped Saudi citizen
    May 30, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: IHD Developments eyes selling 75% of Vivid Business Tower at New Capital by Q1 2022
Share
Notification
Latest News
CIB signs MoU with LinkedIn learning to promote youth learning culture
CIB signs MoU with LinkedIn learning to promote youth learning culture
Banking
AU praises Egypt's role in achieving sustainable peace in Africa despite challenges
AU praises Egypt’s role in achieving sustainable peace in Africa despite challenges
Politics Egypt
Islamic banking in Egyptian market increases to EGP 544bn in March 2023
Islamic banking in Egyptian market increases to EGP 544bn in March 2023
Banking
Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023
Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023
Banking
Cyprus' offshore Aphrodite gas field to be linked to Egypt: NewMed
Cyprus’ offshore Aphrodite gas field to be linked to Egypt: NewMed
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > IHD Developments eyes selling 75% of Vivid Business Tower at New Capital by Q1 2022
Business

IHD Developments eyes selling 75% of Vivid Business Tower at New Capital by Q1 2022

Daily News Egypt
Last updated: 2022/01/23 at 8:35 PM
By Daily News Egypt 2 Min Read
Share
SHARE

IHD Developments intends to sell 75% of Vivid Business Tower, which hosts a total of 160 units in the New Administrative Capital (NAC) by Q1 of 2022.

Hossam Al-Askhar, the company’s Chairman, said that reservations have started on the project since the beginning of this January.

He added that the masterplan of the project has been approved and drilling licenses are being extracted and construction will start within the next month.

Furthermore, he said that there is great confidence by developers and investors in promising investment opportunities in the Egyptian market, especially in the NAC, in light of the state’s plans to bring about an urban boom at the level of the republic.

He explained that 2022 is the year of the challenge, for projects to enter into force, with the Administrative Capital for Urban Development company monitoring companies’ performance and implementation rates.

The company’s Commercial Director Hesham Al-Foly also said that the project includes a ground floor and 14-storeys, with a total of 211 units.

Al-Foly added that 75% of the units, totalling 160 units, were offered for sale during Q1 of this year.

He also noted that a group of the largest consulting companies in the market were contracted to complete the project, led by Elite for the management of administrative buildings, KAD for the management of commercial facilities, Ivc — the engineering consultant — and the business development consultant Itqan.

You Might Also Like

CIB signs MoU with LinkedIn learning to promote youth learning culture

Islamic banking in Egyptian market increases to EGP 544bn in March 2023

Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023

Cyprus’ offshore Aphrodite gas field to be linked to Egypt: NewMed

EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi

TAGGED: IHD Developments, New Capital, Vivid Business Tower
Share this Article
Facebook Twitter Email Print
Previous Article Egypt updates its entry requirements effective 22 January
Next Article Misr Capital and Fawry launch ‘Fawry Yawmy’ money market fund using fintech for the first time in Egypt and MENA
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

CIB signs MoU with LinkedIn learning to promote youth learning culture
CIB signs MoU with LinkedIn learning to promote youth learning culture
Banking
AU praises Egypt's role in achieving sustainable peace in Africa despite challenges
AU praises Egypt’s role in achieving sustainable peace in Africa despite challenges
Politics Egypt
Islamic banking in Egyptian market increases to EGP 544bn in March 2023
Islamic banking in Egyptian market increases to EGP 544bn in March 2023
Banking
Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023
Banque du Caire’s net profit grows 29% to over EGP 1bn in 1Q 2023
Banking
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?