Khalil Zedan: Real estate investment is the best way to preserve wealth
General Manager 07 May 2022
There is no doubt that Egypt’s entry into the era of smart cities is no longer a luxury or something that can be chosen, but rather has become a necessity and a fait accompli in order to catch up with the countries that preceded us in that field, especially since the infrastructure that Egypt is witnessing, at the present time, especially since President El-Sisi assumed responsibility Ruling the country, Egypt was able to be at the forefront of countries that include the largest smart cities in the world, especially after Egypt entered the era of building skyscrapers in the new administrative capital.
The administrative capital is scheduled to be the largest smart city in the Middle East, with an area of more than 180,000 acres, and a population expected to reach 6.5 million when the city is completed, and the number of job opportunities generated is expected to reach about 2 million.
It is planned that the same approach will be followed in other cities such as New Alamein and New Mansoura, which represent the fifth generation cities, which contributed greatly to attracting citizens to them in the least possible time, unlike what was happening in the cities of the first generation and the aversion that these cities witnessed. By citizens, especially residents of major governorates such as Cairo, Giza and Alexandria.
Eng. Khalil Ibrahim Zeidan, Chairman of the Board of Directors of KH Real Estate, said that the company’s main objective is to provide the best investment return for the client because it is an essential partner for the company. He also explained that the company is choosing the best real estate investment portfolio for the client at the best price with the best companies and the best locations, while also providing lease contracts Mandatory guarantee for the customer to operate his unit after receipt. He also said that the company seeks to be the reason for raising the standard of living for its customers due to the high prices by choosing the best unit for him, whether it is a residential, hotel or commercial unit so as to guarantee the customer an appropriate income in the future.
The first objective of the establishment of the New Administrative Capital is to develop Cairo into a leading political, cultural and economic center for the Middle East and North Africa region and to create a prosperous economic environment supported by various economic activities and to achieve sustainable development to ensure the preservation of Cairo's distinctive historical and natural assets.
The establishment of the administrative capital east of Cairo has been started due to its distinguished location and its proximity to the Suez Canal area, regional roads and main axes, with the target of the expected population during the first phase reaching about half a million people, in addition to the number of 40 to 50 thousand government employees who will be transferred to the new headquarters. With plans to increase the capacity to 100,000 employees after the first three years.
The total area of the city is 170,000 feddans, the population at the completion of the city’s growth is 6.5 million, and the job opportunities are generated about 2 million.