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Daniel Wellington Watch

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SAK DEVELOPMENT INVESTS LE 700 MILLION IN “THE V”, NEW ADMINISTRATIVE CAPITAL

In light of strategic partnerships encompassing a bouquet of prominent brands

Ahmed Kadri: • Investing in the New Administrative Capital is a positive message in light of an investment friendly climate in the future city of Egypt. • SAK is in the execution phase of The V, aiming to deliver the soonest. • The V is witnessing rapid construction rates, delivery in 2022.

SAK Developments has announced the details of EGP 700 million investment in developing “The V”, an integrated mixed-use administrative, commercial, touristic and medical futuristic devopment overlooking the skyline of The New Administrative Capital. The V is an 18,000 meter development, conveniently situated in the heart of the R7 zone surrounded by the New Capital’s groundbreaking landmarks.

SAK developments has witnessed a partnership agreement celebration with a bouquet of long term partners and brands that have selected The V as their first location in the New Administrative Capital. The partnership agreement witnessed the signing of Amer Group – Chilis Brand, Seif Pharmacies, Casper & Gambini’s restaurant, BBQ Pro and Pottery Café. These brands are the first set of agreements that SAK developments have rolled out for this project.

“Investing in the New Administrative Capital is a positive message to the market within an investment friendly climate in the future city of Egypt. The New Administrative capital is undergoing development with a strategic vision for smart cities, intended to offer a superior quality of life for Egyptians within its scheme,” said Ahmed Kadri, CEO of SAK Developments. as a major turning point in Egypt’s development. We are proud to be part of this huge development that will change the face of Egypt forever with a series of design led developments, with overall investments of over 2 billion Egyptian pounds that will reflect positively towards the booming of the Egyptian economy,” he added.

“At SAK Developments, we work to provide the best investment opportunities in the future city, the New Administrative Capital where return on investment of this project reaches 63%. We are always keen in our partnerships to form elements of strength and to create added value to our customers through long term relationships with prominent brands who have selected and trusted that The V should be their first branch in the New Capital,” said Kadri.

SAK developments offers exclusive payment systems that are suitable for all customers which encompass 10% down-payment with 13 years installments for commercial units and 10 years installments for medical and administrative units.

SAK developments has set the pace for a race in time to implement this project as fast as possible. The company has contracted the largest consulting offices to provide spot-on delivery. The V is divided into four floors: the ground floor is a commercial zone, first and second are divided into medical and administrative units respectively; while the hotel apartments are situated on the third floor; each zone with separate entrances. There is a wide range of finishing levels and a diversified payment system.