In a new milestone of success, Al Naser Developments, one of the leading companies in the real estate sector, celebrated the opening of its new headquarters in the New Administrative Capital, becoming one of the first real estate developers to fully relocate its operations to the New Administrative Capital. This move comes in support of the state’s plans and efforts to relocate government institutions to the New Administrative Capital.
The company also announced the commencement of excavation works for its new project, “Golden Tower 2,” its second project in the New Administrative Capital. This step reflects the company’s commitment to its clients, as well as its strong presence in the New Administrative Capital’s real estate market.
Eng. Ahmed Al-Tabbakh, General Manager of Al Naser Developments, stated that the company has full confidence in the New Administrative Capital project and is committed to supporting and contributing to the state’s plans for urban expansion and the development of fourth-generation cities. Accordingly, the company took the lead by relocating its headquarters to the Capital and conducting its operations entirely from there.
He further confirmed that excavation works have commenced at the company’s new project, “Golden Tower 2,” as part of the company’s strategy of ensuring tangible progress on the ground. Implementation and commitment to clients remain among the company’s top priorities.
He explained that the project is located in MU23, one of the most prestigious areas in the New Administrative Capital, designated for commercial, administrative, and medical activities. The project is located on Al-Amal Axis, overlooking three main axes and situated near the Sports City and the German University. The project extends over an area of approximately 6,000 square meters, with investments estimated at nearly EGP 1 billion.
Eng. Lorna Al Moghazi, Head of the Operations Sector at Al Naser Developments, stated that the company’s new headquarters is located within the “Golden Tower 1” project, the first mixed-use project in the MU23 area. The project enjoys a distinguished location on Al-Amal Axis, overlooking three main axes and located near the Sports City and the German University. The project is built on an area of approximately 3,000 square meters.
She added that the company’s new headquarters is fully equipped to the highest standards to facilitate the work of all employees, welcome clients, and meet their various needs and expectations. She noted that the New Administrative Capital represents a dream that has become a reality amid the significant construction and development boom it is witnessing, successfully attracting global attention.
She further indicated that Al Naser Developments is working to expand and develop its investments in the Egyptian market, driven by a strong commitment to contributing to the country’s development and benefiting from the promising investment opportunities offered by the New Administrative Capital.
For his part, Ahmed Esmail, Head of the Commercial Sector at Al Naser Developments, expressed his happiness with this significant milestone, noting that the company is among the first real estate developers to establish a new headquarters in the New Administrative Capital. He emphasized that this step reflects the significant development and construction boom taking place in the Capital.
He explained that the commencement of excavation works for the new project, following the acquisition of the necessary licenses, represents an important step and a strong message to the company’s clients, particularly in light of the challenging market conditions. He added that the project is being implemented in accordance with the highest local and international standards and specifications.
The project is also designed as an environmentally friendly development aligned with sustainable building standards. It features central air-conditioning systems with a water-cooling system manufactured in France, heat-insulated walls designed to reduce energy consumption, and units offering full panoramic views.
Esmail confirmed that the coming period is expected to witness increasing demand from developers and citizens seeking to invest in the New Administrative Capital, particularly with the anticipated relocation of government institutions and their operations to the Capital.
Al Naser Developments has a strong track record both inside and outside Egypt, with more than 30 years of experience in the construction and building sector. During this period, the company has implemented more than 100 projects across the Gulf countries, with a total business volume exceeding EGP 50 billion.
The company has also executed major projects in the Kingdom of Saudi Arabia for leading international companies, including Pfizer, one of the world’s major pharmaceutical companies; Mars and Almarai, leading companies in the food sector; and Total, one of the world’s leading energy companies.
In a new step of success, Al Naser Developments, one of the leading companies in the real estate sector, celebrated the opening of its new headquarters in the New Administrative Capital, becoming the first real estate developer to relocate and operate entirely from the New Administrative Capital, in support of the state’s plans and efforts to transfer government institutions to the New Administrative Capital.
Eng. Ahmed Naser , CEO of Al Naser Developments, said that the company is fully confident in the New Capital project and that it is working to support and contribute to the state’s plans for urban expansion and the development of fourth-generation cities. Accordingly, the company took the lead by relocating to its new headquarters in the Capital and operating entirely from there.
He confirmed that excavation works have started on their new project, “Golden Tower 2,” as part of the company’s strategy to ensure tangible progress on the ground. Implementation and commitment to clients are among its top priorities. He indicated that the project is located in one of the most prestigious areas in the Capital, MU23, designated for commercial, administrative, and medical activities. The project is located on Al-Amal Axis, overlooking three main axes and near the Sports City and the German University. The project covers an area of 6,000 m², with investments of nearly EGP 1 billion.
Engineer Lorna Al Moghazi, Head of the Operations Sector at Al Naser Developments, said that the company’s new headquarters is located in the “Golden Tower 1” project, the first mixed-use project in the MU23 zone, in a distinguished location on Al-Amal Axis, overlooking three main axes and near the Sports City and the German University. The project is built on an area of 3,000 m².
She added that the company’s new headquarters is fully equipped to the highest standards to facilitate the work of all employees, receive clients, and meet all their needs and expectations. She pointed out that the New Capital is a dream that has become a reality amid the construction boom it is witnessing and has succeeded in attracting the world’s attention.
She indicated that Al Naser Developments is working to increase and develop its investments in the Egyptian market with a strong sense of national commitment, while benefiting from the promising investment opportunities offered by the New Administrative Capital.
For his part, Ahmed Esmail, Head of the Commercial Sector at Al Naser Developments, expressed his happiness with this unique event, noting that Al Naser Developments is the first real estate developer to open a new headquarters in the New Administrative Capital. He pointed out that this step reflects the significant development and construction boom witnessed by the Administrative Capital.
He explained that the commencement of excavation works for the new project, following the acquisition of the necessary licenses, is an important step and a strong message to the company’s clients, especially in light of the difficult market conditions currently being experienced. He noted that the project is being implemented according to the highest local and international standards and specifications. In addition, it is an eco-friendly project that aligns with sustainable building standards. It includes central air-conditioning systems with a water-cooling system (French-made), while the walls are heat-insulated to reduce energy consumption. The units are also designed with full panoramic views.
Esmail confirmed that the coming period will witness an increase in demand from developers and citizens to purchase properties in the Administrative Capital, especially with the anticipated transfer of government institutions and their operations to the New Capital.
Al Naser Developments has a strong track record both inside and outside Egypt, with more than 30 years of experience in the construction and building sector. During this period, the company has implemented more than 100 projects in the Gulf countries, with a business volume exceeding EGP 50 billion. The company has also implemented major projects in the Kingdom of Saudi Arabia for leading international companies, including Pfizer, one of the world’s leading pharmaceutical companies; Mars and Almarai, major food companies; and Total, one of the world’s leading energy companies.
