JD Holding launches two projects in the Fifth Settlement at 1.6 billion pounds investments

JD Holding has launched two projects in the Fifth Settlement at EGP 1.6 bln investments.

Dr. Ahmed AlEter, Chairman of JD Holding, said that the company succeeded in marketing and delivering a number of projects during the last period and aims to accelerate the pace of implementation in existing projects and deliver a large number of projects during the coming period, which encouraged the company to launch two new projects in the most distinguished location in the Fifth Settlement.

He added that the first project, “Stellar”, is a mixed-use project on an area of 1,500 square metres, which includes commercial, administrative and medical units and is located in a unique location in the Fifth Settlement on the southern 90th Street. It consists of a ground floor and 6 recurring floors in addition to three basements over the entire mall area.

The second project, “Glister,” on the northern 90th, is located on an area of 1,567 square metres. All of the mall’s units are in the front and all services are in the back.

Glister is a mixed-use project in a distinctive location that includes commercial, administrative and medical activities.

The spaces in the commercial and medical units start at 50 metres, the commercial units start at 60 metres, and the commercial floors have the advantage of high ceilings with a height of 6.30 metres.

He pointed out that Art Line is the construction consultant for the project.

He stressed that the company aims to accelerate construction work on the two projects, which is scheduled to begin in 2024 and be completed after two years.

JD Holding plans to pump investments worth about EGP 10bln into various projects over the next year.

For his part, Engineer Abdullah Gabr, Chairman of Jebal Developments, a subsidiary of JD Holding, said that the company succeeded in delivering 280 housing units in 28 projects.

He said that JD Holding has an ambitious investment plan aimed at expanding various projects across the group’s companies, after it succeeded in achieving unprecedented successes during the last period in terms of implementation and delivery rates.

Engineer Mohamed Abdel Azim, Managing Director of JD Holding, confirmed that the company pays attention to the smallest details, starting with choosing the project location and the appropriate activity, in addition to carefully selecting success partners to provide distinctive designs and ending with implementing the project with the highest standards of quality and achieving sustainability and safe investment for customers.

He pointed out that real estate investment has proven during the recent period that it is the most appropriate choice for saving and investing money, especially in times of economic tensions, as real estate has achieved successive increases since the beginning of this year and the units sold achieved large profits in a short period.