September 27, 2024

Samco Holding” Gains the Trust of Cityscape Clients and Prepares to Launch a “Commercial – Admin – Medical – Hotel” Project in MU23, New Capital

  • Eng. Saddam El-Sayed: Our projects bring the New Administrative Capital closer with the latest real estate development strategies.
  • Eng. Ibrahim Zayed: Samco Holding is working to strengthen its presence in the New Administrative Capital, as it represents one of the most promising investment opportunities.

The booth of Samco Holding, led by Saddam El-Sayed, witnessed significant interest from visitors at the Cityscape exhibition. The company achieved record-breaking sales during the first three days of the event, offering exclusive deals that included immediate delivery and a 10% discount on all fully finished units, complete with air conditioning, in its Fifth Settlement project. The company also continued its special launch offers for “The Five” project in the New Administrative Capital, featuring competitive unit sizes ranging from 75 to 177 square meters.

Eng. Saddam El-Sayed, Chairman of Samco Holding Group, announced that the company is preparing to launch a “Commercial – Administrative – Medical – Hotel” project in the New Administrative Capital’s MU23 area, covering a total area of 20,000 square meters.

He added that the company’s recently launched “Rivali” project in the Fifth Settlement has achieved over 70% sales within just a few months since its launch, reinforcing clients’ confidence in Samco Holding Group.

Expanding in Real Estate Development
Saddam El-Sayed explained that the company is aiming to expand in the real estate development sector by entering the competitive market in the New Administrative Capital, with a strategy that combines modern construction techniques and innovative real estate development.

“Strengthening Presence and Competitiveness”
Eng. Ibrahim Zayed, General Manager of the company, stated that the launch of the new project in the New Administrative Capital is part of Samco Holding’s commitment to enhancing its presence in the area, given its status as one of the most promising investments. The project, located on a 20,000 square meter plot in the MU23 area, lies between the R2 and R3 districts, a multi-use service area intersected by Al-Amal Axis, which leads to the Ben Zayed North Axis and the Green River. This strategic location connects two high-density residential districts, making it an ideal investment hub.

“Diversified Land Portfolio”
Dr. Ibrahim Sabry, Advisor to the Chairman of Samco Holding, noted that the company aims to bolster its presence in key real estate investment areas across Egypt. Samco owns a substantial land portfolio acquired through direct allocation, including approximately 50 acres in New Cairo, 20 acres in October Gardens, and ongoing efforts to secure 150 acres in Mostakbal City. The company is committed to attracting top talents in all real estate fields, appointing real estate expert Hisham El-Fouly as its new Head of Commercial Operations.

“Targeting Sales of 10 Billion EGP”
Hisham El-Fouly, Head of Commercial Operations at Samco Holding, expressed his excitement about joining the company, praising its forward-thinking approach to real estate development and modern construction.

El-Fouly revealed that the company is launching its largest project in the MU23 area, distinguished by its unique designs developed in collaboration with consultant engineer Omar Aqeel, known for his work on Downtown in South Teseen and the Dusit Hotel. Samco has also partnered with “INCOMMERCIAL” for commercial operations management, “DFS” for maintenance services, and Elite for leasing administrative units. The company is in talks with Orange for smart integrated solutions.

El-Fouly stated that the project targets sales exceeding 10 billion EGP, with a planned execution period of approximately 3.5 years, leveraging client trust and the company’s expertise in construction. The project is set to be officially launched at a grand event.




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