Tag: Press Release

 

After successfully launching Cairo Gate, in Sheikh Zayed, last year

Emaar Misr awards the first phase of Cairo Gate to five of the largest contracting companies with a total value of EGP 1.4 bn

Cairo on 20th of  June 2021  – Building on the success of the launch of Cairo Gate in Sheikh Zayed last year, complementing the company’s portfolio of projects across Cairo and the North Coast, Emaar Misr announced contracting five of the largest companies to start implementing the construction works of phase 1 of Cairo Gate.

The five companies that have been awarded the construction works for the first phase of Cairo Gate are: Kharafi National, which has been appointed to develop the basic infrastructure for the entire project; Dorra Constructions for the infrastructure and construction of 117 villas in Elan; Concrete Plus for 107 villas in Eden; Gama Construction for 329 apartments across seven buildings in Grand Residences; and Leeds General Contracting for developing the mockup villas. The total value of the infrastructure and construction works contracts in the first phase of the project is approximately EGP 1.4 bn.

Cairo Gate is Emaar Misr’s first gateway into West Cairo, centrally located in Sheikh Zayed. The project highlights the beauty and distinction of the area by creating an exclusive community for those looking for a distinctive lifestyle surrounded by wide green spaces and various services. The project includes Vida Serviced Residences, which boasts a distinctive character, a unique world of simplicity, and high-end design combining unmatched vitality with uninterrupted privacy and comfort. It also includes TownSquare, an exclusive mixed commercial club that houses shopping stores, fine dining and boutique offices, as well as ‘Rays’ social club that delivers high-end services to suit the integrated lifestyle/ To reflect your daily lifestyle.

Mr. Mohamed Alabbar, founder of Emaar Properties, said: “Emaar Misr’s business has been growing strongly since its entry to Egypt more than 15 years ago. During that period, the company’s land portfolio reached more than 17.4 million square meters in five strategically distinct locations in East, West, and Central Cairo, as well as in the North Coast. The volume of investments reached EGP 200 bn.”

He added: “Cairo Gate project in Sheikh Zayed is a new milestone for Emaar Misr as it is our first project in West Cairo, as part of our endeavor to expand our integrated real estate projects all over Egypt. The early phases of the Cairo Gate project have enjoyed great success and popularity after their launch last year, which confirms the success of our strategic vision and confidence of customers in our projects.”

Emaar Misr had laid the foundation stone for the Cairo Gate project in October 2020 as part of the celebration of launching the second phase of the project after the success of the first phase. It is the company’s first project west of Cairo on an area of 133 feddans in the heart of Sheikh Zayed City. Investments of EGP 1.4 bn have been earmarked to build villas, apartments, serviced residences, a business area, commercial area and integrated services.

After launching the first and second phases last year

Emaar Misr signs the first Cairo Gate’s contract with DORA’s CRC to build 117 units in Elan village

Cairo on 22nd of April 2021– Emaar Misr announced awarding the first contract to build the first phase of the Cairo Gate project in Sheikh Zayed, indicating a rapid start to construction after the first and second phases were launched last year. This is Emaar Misr’s first integrated residential communities project in Sheikh Zayed, west of Cairo, in the context of the company’s endeavor to build communities all over Egypt.

DORA Construction’s subsidiary Construction & Reconstruction Engineering Co. (CRC) is the first company to be awarded a project in Cairo Gates project. The company will build 117 units in the Elan village, including standalone villas and duets. All contracts for the first phase areas, which include Eden, Grand Residence, and Rays Social Club, will be signed within the next month. CRC has been building many residential and commercial units for Emaar Misr at the Mivida prestigious project in New Cairo. The company also has a track record of success in building and delivering similar projects across Egypt spanning its 70 years of experience.

Emaar Misr had laid the foundation stone for the Cairo Gate project in October 2020 as part of the celebration of launching the second phase of the project after the success of the first phase. It is also the gateway for Emaar Misr into West Cairo being the company’s first project in the west side, on an area of 133 feddans in the heart of Sheikh Zayed City. The project highlights the beauty and distinction of the area by creating a unique community for those looking for a distinctive lifestyle. The location of the project on the Cairo-Alexandria Desert Road ensures easy commute to downtown Cairo while providing many services within its borders, including Town Square, which houses shopping stores, international restaurants, and offices, as well as a social club that delivers high-end services that suit the integrated lifestyle. Investments of EGP 1.5 bn have been earmarked to build villas, apartments, services apartments, a business area, commercial areas, and integrated services.

Mr. Mohamed Ali Alabbar, founder of Emaar Properties, said: “The Egyptian real estate sector has recently been growing steadily thanks to the encouragement of the Egyptian state, which has prioritized the real estate and tourism sectors, through facilitating investment procedures and overcoming obstacles facing investors. Emaar Misr’s business has been growing strongly as a result. We have recently celebrated our 15-year anniversary in Egypt. During that period, the company’s land portfolio reached more than 17.4 million square meters in five strategically distinct locations in East, West, and Central Cairo, as well as in the North Coast. The volume of investments reached EGP 200 bn.”

He added: “Since Emaar started operating in Egypt, we have been working to create a different model of projects – one that befits both Egypt and our ambition. Cairo Gate project in Sheikh Zayed is a new milestone for Emaar Misr as it is our first project in West Cairo, as part of our endeavor to expand our integrated real estate projects in all over Egypt. The early phases of the Cairo Gate project have enjoyed great success and popularity after their launch last year, which confirms the success of our strategic vision and confidence of customers in our projects.”

 

 

Emaar Misr delivers the second phase of Beyout Al Kheir in Luxor, Assiut, Beni Suef, and Sharqiya

 

We have renovated dozens of houses and two orphanages and created sustainable-income jobs: Misr El Kheir

Beyout El Kheir is the largest private sector-funded project in Egypt

We contribute to the implementation of the Egyptian state’s strategy to provide a decent life for the villagers: Alabbar

Emaar Misr is committed to building a housing unit for a family in need for every unit it builds in its projects in Egypt

Cairo on 29th of March 2021– Emaar Misr celebrated, on Sunday, the delivery of the second phase of the Beyout Al Kheir Project to deserving families in the village of Al Gharirah, Isna, in Luxor in presence of Luxor Governorate Assistant Secretary Dr. Emad Aboul Azayem representing Governor Mr. Mostafa Alhem and Mr. Khaled Omran, head of Misr El Kheir Foundation in Luxor along with several representatives and officials from both the governorate and the foundation. Beyout Al Kheir Project is funded by Emaar Misr under the auspices of the Ministry of Social Solidarity and in cooperation with Misr El-Kheir Foundation.

As part of Emaar Misr’s social responsibility, the second phase of Beyout Al Kheir Project targets building 431 housing units in Luxor and Sharqiya, renovating two orphanages in Beni Suef and Assiut, and create sustainable income-generating projects in the targeted governorates.

Emaar Misr has made sure to use environmentally safe materials in the reconstruction of houses, the company also helps residents through income-generating projects, specifically handicraft and trade projects such as supporting carpentry workshops, grocery stores, and stationeries to create a permanent source of income that provides them with a decent life.

Dr. Emad Aboul Azayem, Assistant Secretary in Luxor, delivered a speech on behalf of the Governor of Luxor in which he emphasized the importance of cooperation between the government and private sector through activating the role of civil society institutions in achieving community development and social justice. He praised the efforts made by Emaar Misr for Development and Misr El Kheir Foundation to support the poor and most deserving villages by rebuilding homes while working to provide job opportunities for the people to ensure a decent life for them. He also urged all officials to cooperate with civil society institutions and facilitate their work in support of humanity.

Mohamed Ali Alabbar, Founder of Emaar Properties, said: “The second phase of Beyout El Kheir project comes in response to the Egyptian state’s directions to provide a decent life to the different segments of society, particularly low-income families and individuals, preserving human dignity and achieving social justice. Since 2018, Emaar Misr has been building a housing unit for a deserving family in need for every unit that Emaar develops in its projects in Egypt.”

He added: “Sustainability is at the core of Emaar Misr values. Therefore, we do not only build houses for today, we provide micro-credit projects with the goal of achieving sustainable development.”

Emaar Misr had finalized the first phase of Beyout El Kheir project last year in the governorates of Aswan, Qena, Matrouh and Behaira as 945 houses were reconstructed and restored and the living environment was rehabilitated in the four governorates through building roofs, reparation of the walls, development of the households’ drainage systems and connecting potable water to homes in addition to creating 500 income-generating products for the most in-need families in the field of poultry farming. The families were selected based on a comprehensive nationwide study that puts into consideration factors such as the number of family members, the condition of the heads of the family, geographical location, the size of the residence along with other elements to ensure that the support reaches those who truly need it.

Eng. Ahmed Ali, Head of Social Solidarity at Misr El Kheir Foundation, said: “Misr El-Kheir has rebuilt these homes and provided income-generating projects with the goal of improving the living environment for the most deserving families in the most deserving areas with an emphasis on empowerment. The old houses were demolished by their owners, as they were dilapidated, risky, and unfit for housing. Then Misr El Kheir Foundation rebuilt them from scratch and linked them to all utilities. Today, we celebrate delivering them to beneficiaries. The construction of these houses comes within the second phase of the Beyout El Kheir project, which is being implemented in a number of governorates. The second phase focuses on rebuilding more than 400 houses in Sharqiya and Luxor next to launching 45 sustainable micro income-generating projects to empower deserving families and unlock an income that meets their needs to lead a decent life.” He stressed the importance of public-private-civil society partnerships in serving deserving communities.

Last March, Emaar Misr also cooperated with Misr El-Kheir Foundation, in coordination with the Ministry of Social Solidarity, when Egypt was hit with floods, to help citizens whose homes were damaged in different parts of Sharqiya governorate’s El Husseiniya Center, including the villages of Bahr Al Baqar, Kafr Al Azzazi, and Al Qatawyah and meeting the needs of each house from restoration to rehabilitation and reconstruction. A study has also been completed on the needs of 250 houses that require roofing and restoration, in addition to a number of other houses requiring a complete reconstruction. Another study is being finalized on the needs of other homes, a play area is being constructed, lighting is being installed on some roads, and more income-generating jobs are being created.

 

 

Emaar Misr breaks ground of Belle Vie in New Sheikh Zayed City with investments of EGP 38 bn

 

Michel Fadel performs in presence of politicians, media figures, and celebrities

Emaar Misr continues to write success stories in West Cairo, thanks Egypt’s economy that has become the highest growing among emerging countries: Alabbar

Cairo, Egypt March 26, 2021: Emaar Misr, the largest developer of the most prestigious residential communities in Egypt, celebrated laying the foundation stone and launching the first phase of the Belle Vie development in New Sheikh Zayed City, in the presence of Mr. Mohamed Ali Alabbar, founder of Emaar Properties. On an area of 500 feddans, Belle Vie is Emaar Misr’s second project in West Cairo after Cairo Gate project, which was launched in October 2020.

Emaar Misr has earmarked some EGP 38 bn for Belle Vie, which was carefully designed to ensure a a unique life experience that lives up to its French name Belle Vie or beautiful life. A 1400-meter-long green valley will cut across the project, which will be envelope a sandy beach lake surrounded by green areas. It will also feature a multi-activity social and sports club, an open area for services, along with shops and restaurants, and an educational institution.

At the beginning of the ceremony, which was hosted by the famous Lebanese composer and pianist Michel Fadel, in the presence of a group of politicians, media figures and celebrities, Mr. Mohamed Ali Alabbar, founder of Emaar Properties, said: “We are finally seeing a change of wind after a challenging year. But even through the toughest of times, Emaar Misr continued working on its projects looking to write more success stories in cooperation with all its partners. The project we are launching today is a new chapter in Emaar Misr story.”

He added: “Last year, I projected that recovery will take place by the middle of 2021 – something we are witnessing today. The Egyptian economy has proven its ability to deal with emergency crises, evident by the testimony of international institutions and experts. Egypt has achieved the highest growth among all emerging economies in 2020. This has prompted us in Emaar Misr to work and expand our projects in Egypt. The launch of the first phase of the Belle Vie project paves the way for a new full-service residential project in an important area in the Bew Sheikh Zayed City. At Emaar Misr, we pride ourselves of seeing the opportunities before others. We started our projects in Mivida and Marassi in untapped areas that have since become global tourism destinations. We see that in the Belle Vie location. We find the future to be West of Cairo, near the Sphinx Airport, the business area of ​​the Smart Village and in proximity to the archaeological areas in the pyramids, and the Grand Egyptian Museum.”

Emaar Misr had announced that the design of the Belle Vie project would be distinguished by elegance, originality, and would trespass the boundaries of time, to unlock its value to grow as time passes. Belle Vie will also be a model for Emaar communities that include different spaces and models of villas, town villas, quad villas, and apartments. Emaar Misr was also keen on having distinctive educational services in the project through the presence of an educational institution.

During the last period, Emaar Misr has been growing its business in Egypt. The company has recently launched its latest projects, Cairo Gate, which is an integrated residential and commercial project located directly on the Cairo-Alexandria Desert Road in one of the most distinguished places in Sheikh Zayed City. The ​​133-feddan project is in the heart of Sheikh Zayed with estimated investments amounting to EGP 11.5 bn. And in January this year, Emaar Misr laid the foundation stone for its two new hotels, Address Beach Resort Marassi and Vida Marina Hotel in Marassi Sidi Abdel Rahman with investments reaching EGP 3.4 mn. Emaar had also opened the first branch of Address Marassi Golf Resort in Marassi with a total investment of EGP 950 mn.

To give back to the community, Emaar Misr had partnered with the Tahya Misr Fund to provide Covid-19 vaccine to the poor through a contribution of EGP 30 mn within President’s Abdel Fattah El-Sisi’s initiative ‘We Share for Humanity’ under the patronage of the Minister of Health Dr. Hala Zayed, and the Minister of Education Dr. Tarek Shawky. Emaar Misr also signed an annex to the Sidi Abdel Rahman village sustainable development cooperation protocol concluded in September 2020, aimed at raising the quality of life for the village residents at a financial cost of an additional EGP 60 mn, which brings the total cost of sustainable development projects in the village to EGP 110 mn provided by Emaar Misr.

Under the patronage of the Ministers of Education and Health and in the presence of the Governor of Matrouh

Emaar Misr contributes with EGP 140 mn to develop Sidi Abdel Rahman Village and provide Covid-19 vaccine

 

Cairo, January 31, 2021 –  Tahya Misr Fund and Emaar Misr signed an MoU to the Sidi Abdel Rahman village sustainable development cooperation protocol concluded in September 2020, aimed at raising the quality of life for the village residents. The two sides also signed an agreement to provide Covid-19 vaccine to the poor through Emaar Misr’s contribution of EGP 30 mn within President’s Abdel Fattah El-Sisi’s initiative ‘We Share for Humanity’.

The protocol is under the patronage of the Minister of Health Dr. Hala Zayed, and the Minister of Education Dr. Tarek Shawky. It was signed in the presence of Major General Mohamed Amin Nasr, Advisor to the President of the Republic for Financial Affairs and Treasurer of Tahya Misr Fund, Major General Khaled Shuaib, Governor of Marsa Matrouh, and Mr. Mohamed Alabbar, founder of Emaar Properties.

The annex to the protocol comes in light of the two parties’ desire to further develop Sidi Abdel Rahman Village and provide additional services to its residents to achieve sustainable development and improve the indicators of quality of life in the village. The new annex agreement comes at a financial cost of an additional EGP 60 mn, which brings the total cost of sustainable development projects in the village to EGP 110 mn provided by Emaar Misr.

Tamer Abdel Fattah, Executive Director of the Tahya Misr Fund, expressed his happiness with the strategic partnership with Emaar Misr. “The cooperation protocol signed with Emaar Misr last September included the development of the village’s clinic, developing and equipping the ‘Moaz Bin Jabal’ primary school, designing and implementing a rainwater collection and drainage network in the village. By signing the protocol annex, today, a number of projects will be added to ensure the improvement of all aspects of life within the village of Sidi Abdel Rahman,” he said.

For his part, Mr. Mohamed Alabbar, founder of Emaar Properties, said: “Emaar Misr is keen on permanent cooperation and partnership with the Egyptian government and the Tahya Misr Fund to implement development projects that add value to people’s lives. By signing the protocol annex, a new 33-calssroom primary school will be designed, built, and equipped, next to developing and equipping Sidi Abdel Rahman Preparatory School with a capacity of nine classrooms, establishing a secondary education building in the same school with a capacity of 14 classrooms, and raising the architectural efficiency and providing administrative equipment and furniture for the Youth and Child Library,” he said.

“We at Emaar Egypt believe in the importance of facilities and services to guarantee a decent life for people. We also believe in the education’s role in changing peoples’ lives for a better future,” he stressed.

Alabbar said that the covid-19 crisis, which affected everyone, requires solidarity in order to protect the health and future of peoples. Therefore, it was necessary to respond to the ‘For Humanity’ initiative and to participate in providing the Coronavirus vaccine to one million people.

The protocol annex signed between Tahya Misr and Emaar Misr also includes the establishment of a Tahya Misr Fund Services Complex, which would include several government services center, such as Egypt Post, local unit offices, Nasser Social Bank branch, social insurance office, a branch for the notary office, a supply ministry office, and a civil registry unit.

The services complex also includes a community service center that provides child skills development, activities for disabled children, a communication center, a physiotherapy center, a women’s services center, a psychological support and family reconciliation center, an inclusive nursery, an illiteracy eradication hall, a training and rehabilitation center that includes crafts training halls and a school of tourism and hotels.

The services complex includes a sports city that includes two football fields, a multi-use sport court, an individual sports arena, a dual sports area, a swimming pool, locker rooms, bathrooms, an administrative building, and a complex of commercial units.

Last September, Emaar Misr signed a cooperation protocol with Tahya Misr Fund in the context of activating the Emaar Misr’s social responsibility role and improving the conditions of the communities in which it works.

Emaar Misr contributed EGP 20 mn as a first stage to support the infrastructure and service provided to the  4,479 Sidi Abdel Rahman Village resident, where illiteracy rate reaches 25.5%, and unemployment reaches 31.2%. These high rates urged intervention to raise the quality of educational, health, and economic services provided to young people to create job opportunities and increase training.

A study of the problems and requirements of sustainable development in the village of Sidi Abdel Rahman, was conducted by Emaar Misr with the Tahya Misr Fund, Marsa Matrouh Governorate, the Ministry of Social Solidarity, and the Ministry of Local Development that resulted in a development plan in consultation and coordination with community leaders in the village of Sidi Abdel Rahman to provide facilities and health and educational services of a high standard for the village’s residents.

Last April, Emaar Misr donated EGP 10 mn for the Tahya Misr Fund to support the medical system.

  • Alabbar: We work with our eyes on the future; Investments in the two hotels have reached EGP 3.4 bn.

 

Cairo, Egypt 31st of January 2021: Emaar Misr, the largest developer of the most prestigious residential communities in Egypt, today laid the foundation stone for its two new hotels, Address Beach Resort and Vida Marina Hotels in Marassi Sidi Abdel Rahman. The two luxury properties, which include the first Vida Hotels + Resorts branch outside the UAE. The ceremony was attended by Mr. Mohamed Alabbar, Founder of Emaar; Engineer Hassan Allam, CEO of Hassan Allam Holding Group, and Engineer Osama Bishai, CEO of Orascom Construction.

 

The two hotels are the first of nine hotels Emaar Group is set to build at Marassi Sidi Abdel Rahman, developed in line with the Egyptian government’s strategy to develop the North Coast area, which in recent years, has witnessed a boom in investment and urbanization. This necessitates the provision of distinguished hotels that accommodate the occupancy throughout the year. Hassan Allam Holding will undertake the construction works for Address Beach Resort at a cost of  EGP 1.2bn, while Orascom Construction will build the EGP 1bn Vida Marina Hotel. This brings the total construction costs of the two hotels to EGP 2.2 bn, next to Emaar’s total investments of EGP 1.2 bn.

 

During a press conference held to mark the milestone, Mr. Alabbar praised the Egyptian government’s efforts to transform the area into a year-long tourism and work destination from a summer getaway. “This vision for the North Coast is served and complemented by huge tourism projects, including world-class luxury hotels that combine distinctive Arab hospitality with the Mediterranean and North Coast culture, and reflect the beauty of Sidi Abdel Rahman Bay,” he said.

 

“Despite the Covid-19-linked global economic crisis, the urbanisation and reconstruction of Egypt has not stopped. Egypt is a large tourist destination and its need for hotel rooms is rapidly increasing. Emaar Misr is particularly keen on developing the communities in which it operates and supporting their long-term economic future. We are working in partnership with the Egyptian government to promote new tourist projects that contribute to boosting the Egyptian national income,” he added, noting that Emaar’s total investment in Egypt is currently EGP 200 bn.

 

Hassan Allam, CEO of Hassan Allam Holding, a leading construction and engineering group headquartered in Cairo, Egypt, serving regional and global clients in the Middle East and North Africa, said “For 85 years, Hassan Allam Holding has been a strategic partner of the Egyptian state in major and national projects. The company also works with the private sector on many promising projects. We are pleased to participate in one of the largest tourism projects in the North Coast area, and to carry out all construction works for the project with a full turn-key agreement or integrated delivery of the project in line with the state’s strategy to pursue the development of the North Coast. Our scope of work includes infrastructure, finishes, and electromechanical works for the Address Beach Resort Hotel in the North Coast, in cooperation with the International Contractors Consortium, in the context of supporting and encouraging domestic and foreign tourism, as one of the most important sources of national income.”

 

Osama Bishai, CEO of Orascom Construction, said: “We are pleased to collaborate once again with Emaar on one of its major developments. This new project follows Orascom Construction’s successful, fast-track delivery of Emaar’s Vida Al Alamein Hotel, and builds on OC and Emaar’s repeat partner relationship spanning projects such as Mivida and Marassi. It is worth noting that Orascom Construction continues to play a leading role in the development of infrastructure, construction, and important commercial projects on the North Coast, starting from Al Alamein to Marassi.”

 

Inspired by the nature of Alexandria, the five-star Address Beach Resort will comprise 126 rooms and 166 suites, two swimming pools, private beach, health club, kid’s club and several dining outlets offering guests a variety of international cuisines. Sister property, the four-star Vida Hotel will feature 93 rooms and 122 suites, two swimming pools, health club, kid’s club and dining outlets serving guests with global cuisine options.

 

Emaar Misr last year opened its first branch of the Address Hotels + Resorts brand outside the UAE at Marassi, in an investment worth EGP 950m. The Address Marassi Golf Resort is located on the 18-hole golf course designed by the famed architect Peter Harradine. This followed a EGP 1.5bn renovation in the historic Alamein Hotel.

In the presence of Ministers of Housing and Tourism

Emaar Misr lays the foundation stone for Cairo Gate’s project in Sheikh Zayed and launches the project’s second phase following the tremendous success of the first phase

Amr Diab performed at the launch party in the presence of politicians, media personalities, and artists

  • Alabbar: We are dealing flexibly and professionally with the current emergency circumstances and we are achieving our goals, thanks to the cooperation of the government and our partners

 

Cairo, 16th of October 2020 – Emaar Misr has celebrated laying the foundation stone of Cairo Gate project in Sheikh Zayed in the presence of Dr. Assem El Gazzar, Minister of Housing, Utilities, and urban communities as well as Dr. Khaled El-Enany, Minister of Tourism and Antiquities, and Mr. Mohammed Alabbar, representative of Emaar Properties.

The Foundation Stone Laying Ceremony for Cairo Gate coincided with the celebration of the launching of the project’s second phase, building on the success of its first phase, which was launched last March. Cairo Gate is Emaar Misr’s first project in west Cairo, spanning an area of 133 feddans at the heart of Sheikh Zayed, with investments amounting to EGP 11.5 billion.

At the start of the celebration, where megastar Amr Diab performed in the presence of a myriad of politicians, media personalities, and artists, Mr. Mohamed Alabbar, representative of Emaar Misr, said: “Despite the harsh circumstances faced by the global economy during the past months, Emaar Misr, as an institution, has a solid management basis and it always sets up scenarios for various risks along with plans on how to tackle them. It dealt with flexibility and professionalism with the circumstances imposed by Covid-19 and we managed in Emaar Misr, through the government’s constructive cooperation, our work team, and partners, to continue accomplishing our goals amidst the hardest of circumstances, and this is evidenced by the successful launch of the first phase of Cairo Gate and the launch of the second phase today”.

Alabbar added in his speech: “The Egyptian economy has proven its ability to deal with sudden crises, by the testimonies of international institutions and experts, and has achieved the highest growth rate among emerging markets in 2020. This pushes us, in Emaar Misr, to work more and expand our projects in Egypt, as Emaar Misr has a dream of having a community in each governorate. Cairo Gate’s project, west of Cairo, will be the window which Emaar will open for the world to see the beauty of this rich area, located in close proximity to the Grand Egyptain Museum, the pyramids, and vital business areas in Cairo and Alexandria”.

Emaar Misr launched the first phase of Cairo Gate last March, becoming its first integrated residential project in Sheikh Zayed, west of Cairo. In addition to villas, housing units, and serviced apartments, it also comprises a business work space, commercial areas, and a hotel.

With total investments of EGP 950 million, Emaar Misr has inaugurated Address Marassi Golf Resort, the first branch of Address Hotels + Resorts brand in the North Coast’s Marassi, six months before its scheduled opening date. It has also recently signed with Tahya Misr Fund a cooperation protocol to execute the first phase of a sustainable development plan in Sidi Abdel Rahman village, at a cost of EGP 20 million, to support the village’s infrastructure and the services provided to its residents.

Emaar Misr has recently contributed EGP 878 million to national projects implemented by the Egyptian cabinet, in addition to EGP 10 million last April to Tahya Misr Fund and the medical sector to support the Egyptian government’s efforts in facing the repercussions of Covid-19. Emaar Misr also launched in 2018 Beyout Al Kheir project and has since finalized its first phase by rehabilitating and rennovating 1,000 housing units and kick started its second phase to rehabilitate more houses and create more income-generating projects across a number of governorates. Beyout Al Kheir is one of the largest development projects funded by the private sector in Egypt, where Emaar develops a housing unit for an underprivileged family for each unit it builds in its projects in the country.

As part of Emaar Misr’s efforts to support medical tourism,

a delegation from Lanserhof medical spas visits Marassi Sidi Abdel Rahman

 

Emaar Misr has announced that a delegation from Lanserhof institution visited Marassi Sidi Abdel Rahman, one of Emaar Misr’s projects, to look into joint cooperation to establish the first global international medical spa in the area. Lanserhof is a nontraditional medical institution based in Munich and founded over 30 years ago, with a chain of luxurious medical spas in Germany, Austria, and England and is considered Europe’s leading company in this field.

During the Lanserhof delegation’s visit to Marassi, where they praised the distinguished project and the area’s superb weather, Mohamed Alabbar, Founder of Emaar Properties, affirmed the importance of supporting medical tourism in Egypt as well as making use of the country’s natural resources and what the area has to offer to attract more tourists and put Egypt on the medical tourism’s global map for the first time.

The Lanserhof Foundation focuses on innovative health patterns, self-healing, and healthy nutrition in the treatment of symptomatic and chronic diseases such as obesity and diabetes, among others. It also offers natural cosmetic treatments, delaying the appearance of the signs of ageing, in addition to offering weight loss programs. It also provides comprehensive medical examinations for its guests, all under one roof.

Lanserhof applies the LANS Med Concept, which was developed by the institution’s experts and has gained worldwide fame. The concept is validated by the latest scientific research and combines naturopathy and traditional medicine on the one hand and modern medicine on the other to bolster the body’s abilities of self-healing and regeneration by hosting guests in its luxurious medical spas and applying its developed concepts in regenerative, preventative, and cosmetic treatments.

In the framework of implementing a sustainable development plan in the village

Tahya Misr Fund, Emaar Misr launch the first medical and social support convoy in Sidi Abdel Rahman

Eye examinations performed on 500 citizens as part of Nour Hayah presidential initiative

Providing foodstuffs to 1,000 deserving families in the village

Handing out 1,000 school bags and personal hygiene tools ahead of the new school year

6,000 new clothing items given to underprivileged families in Dukkan al-Farha Exhibition

Cairo, 1 October 2020 – In a move aimed at activating the cooperation protocol signed between Tahya Misr Fund and Emaar Egypt to implant a sustainable development plan in Sidi Abdel Rahman village in Matrouh governorate, Tahya Misr Fund is organizing throughout today and tomorrow the first humanitarian convoy to provide medical care and social support to the village, in addition to handing out foodstuffs and school supplies free of charge to the village’s most underprivileged families.

The presidential initiative convoy, Nour Hayat, also kick-started this morning to combat the reasons behind vision loss and blindness and carry out eye examinations on 500 of Sidi Abdel Rahman’s citizens at the village’s medical unit. The initiative was previously launched by President Abdel Fattah El-Sisi, through which the first database is being created for a vital demographic census on vision problems in Egypt.

Tahya Misr Fund also organized this morning, in cooperation with Emaar Misr, Dukkan al-Farha Exhibition to give out 6,000 new clothing items to Sidi Abdel Rahman village’s most underprivileged families, with around 2,000 individuals benefiting from this initiative and get the opportunity to pick three clothing items that suit them.

With the looming start of the new academic year and to lift off the financial burdens of school preparation on the targeted families, 1,000 school bags were distributed to primary school students in the village, which also include school supplies.

The humanitarian convoy also provided 1,000 boxes of foodstuffs to the neediest families, under the auspices of Tahya Misr Fund’s Bel Hana Wel Shefa (bon appetit) initiative, in addition to handing out personal hygiene tools to 300 families in the village with the aim of easing the burden of living expenses off the shoulders of the people of Sidi Abdel Rahman village.

Last week, Emaar Misr and Tahya Misr signed a cooperation protocol to implement a sustainable development plan in Sidi Abdel Rahman Village in Matrouh governorate to raise the quality of life, urban, social, economic, and services indexes for the village’s inhabitants. The protocol comes within the framework of upholding Emaar Misr’s role of social responsibility and its keenness on improving the conditions of communities where it operates and ensuring the availability of services and utilities that guarantee a decent life for the area’s inhabitants. Emaar Misr is allocating EGP 20 million towards supporting the first stage of developing the infrastructure and services for the residents of Sidi Abdel Rahman Village who amount to around 4,479 inhabitants.

The cooperation protocol between Tahya Misr Fund and Emaar Misr also includes enhancing the efficiency of the health services provided to the inhabitants of Sidi Abdel Rahman Village through developing the infrastructure of the local healthcare unit and the provision of the needed medicine and medical equipment to provide distinctive healthcare services to the inhabitants of the village and the nearby towns. In addition to rendering technical support to the unit’s medical staff through organizing monthly visits by specialized doctors to treat the most common diseases in the village and carry out medical examinations of the patients.

The protocol also stipulates the renovation and equipping of “Moaz Bin Gabal” Elementary School and boosting the efficiency of its entire buildings as well as constructing a new building, furnishing classrooms, equipping a library, a science lab, a sports’ field, and a playground area. As for developing Sidi Abdel Rahman’s infrastructure, a rainwater collection and drainage network will be designed and executed in the village.

In the presence of the Ministers of Social Solidarity and Education

Emaar Misr, Tahya Misr Fund sign cooperation protocol to implement the sustainable development plan in Sidi Abdel Rahman Village

Emaar Misr contributes to developing the services provided to the village’s inhabitants

Abdel Fattah: The Fund succeeded in bolstering its partnership with the private sector to support families most deserving of care in the various Egyptian villages and towns

Alabbar: We are keen on developing communities where we operate through a permanent partnership with the Egyptian government. We aim to provide services that take into account the human dimension of the area’s population and to emphasize the sustainability of these services with the same quality

Cairo, 21st of September 2020 – The Tahya Misr Fund and Emaar Misr have signed a cooperation protocol to implement the sustainable development plan in Sidi Abdel Rahman Village in Matrouh governorate, in aims of raising the quality of life, urban, social, economic, and services indexes for the village’s inhabitants. The ceremony took place with the presence of Major General Mohamed Amin Nasr, advisor to the president and the general-secretary of Tahya Misr Fund and Mr. Mohamed Alabbar, representing Emaar Misr, and in the presence of Dr. Nevine ElKabbaj, Minister of Social Solidarity, and Dr. Tarek Shawki, Minister of Education and Technical Education.

The cooperation protocol between Emaar Misr and Tahya Misr Fund comes within the framework of upholding Emaar Misr’s role of social responsibility to develop Egypt as well as its interest in improving the conditions of communities where it operates and ensuring the presence of services and utilities that guarantee a decent life for the area’s inhabitants. Emaar Misr is allocating EGP 20 million towards supporting the first infrastructure and services stage for the residents of Sidi Abdel Rahman Village who amount to around 4,479 inhabitants with an illiteracy rate of up to 25.5% and an unemployment rate of 31.2%, which requires working on improving the quality of education and economic services provided to the village’s youth to create job opportunities and increase educational programs to enhance their competency.

During the protocol’s signing, the CEO of Tahya Misr Fund Tamer Abdel Fattah said the fund has made important strides towards providing a decent life to families most deserving of care across the country in the framework of the presidential initiative to develop and upgrade the most deserving villages, elaborating that bolstering partnerships with civil society organizations and the private sector achieved a breakthrough in executing the fund’s projects in various sectors.

He added that the cooperation protocol with Emaar Misr exemplifies this partnership, especially that it paves the road to expand the base of beneficiaries of the available capabilities provided by the fund and Emaar Misr, be it in the fields of urban development, healthcare sector, social assistance, economic empowerment, or educational and training support.

Abdel Fattah explained that pursuant to the protocol, the efficiency of the health services provided to the inhabitants of Sidi Abdel Rahman Village will be enhanced through developing the infrastructure of the healthcare unit in the village and the provision of the needed medicine and medical equipment to provide distinctive healthcare services to the inhabitants of the village and the nearby towns, in addition to rendering technical support to the unit’s medical staff through organizing monthly visits by specialized doctors to treat the most common diseases in the village and carry out medical examinations of the patients.

On the educational level, “Moaz Bin Gabal” Elementary School will be renovated and equipped and its entire infrastructure -buildings and grounds- will be boosted, with a new building to be built that will house 13 furnished classrooms along with activities’ halls, computer labs, a library, science lab, a sports’ field, and a playground area.

As for the infrastructure development field, a rainwater collection and drainage network will be designed and executed in the village, additionally, in the field of social and economic support, aid convoys will be organized for in-kind assistance and activities will be provided to economically empower the village’s residents, ensuring the creation of job opportunities for them.

For his part, Mr. Mohamed Alabbar, representative of Emar Misr Company, said that real estate projects have no value without prioritizing human lives, their needs, and aspirations for having a decent life and everything that they would require in terms of utilities and services, especially those related to health and education, as the current global coronavirus crisis has shown that health and education are two of the most important fields that should be invested in as they are the future and the guarantee to better lives for individuals and their safety, thereby they are the guarantee to the continuation of all other economic projects.

Mr. Alabbar affirmed that Emaar Misr is highly interested in developing the communities that it operates in through a permanent partnership with the Egyptian government, and this protocol is considered the kickstart of the partnership between Emaar Misr and Tahya Misr Fund to implement a number of development projects. The fund has cooperated with Matrouh Governorate, the Ministry of Social Solidarity and the Ministry of Local Development to conduct a clear study on the obstacles and prerequisites to sustainable development in Sidi Abdel Rahman Village – and we were eager to participate in this field with all these entities to ensure the provision of services that take into account the human dimension of the area’s population and to emphasize the sustainability of these services with the same quality, especially that the development plan was made in consultation and coordination with the community leaders in Sidi Abdel Rahman Village to provide high-quality utilities and health and educational services to the area’s residents.

Emaar Misr has previously allocated EGP 878 million towards national projects spearheaded by the Egyptian government. It has also made a contribution of EGP 10 million to Tahya Misr Fund and the healthcare sector last April to support the Egyptian state’s efforts to combat the repercussions of the Covid-19 virus. Emaar Misr has also launched in 2018 Beyout Al Kheir Project, with the first stage seeing 1,000 housing units renovated and rehabilitated. The project’s second phase has been launched in a number of governorates to restore and rehabilitate more housing units and help create income-generating projects. Beyout Al Kheir is considered one of the biggest development projects funded by the private sector in Egypt, whereby Emaar Misr constructs a housing unit for a family in need for every unit it builds in its projects in Egypt.