{"id":14087,"date":"2022-07-02T14:29:44","date_gmt":"2022-07-02T12:29:44","guid":{"rendered":"https:\/\/aqartrendeg.com\/?p=14087"},"modified":"2022-07-02T14:29:44","modified_gmt":"2022-07-02T12:29:44","slug":"chief-executive-at-modon-development-the-administrative-capital-epitomizes-the-success-of-june-30-revolution-as-regulating-the-market-help-attract-serious-minded-investors","status":"publish","type":"post","link":"https:\/\/aqartrendeg.com\/en\/14087\/","title":{"rendered":"Chief Executive at MODON Development: The Administrative Capital epitomizes the success of June 30 Revolution, as regulating the market help attract serious-minded investors"},"content":{"rendered":"<p><strong>Keeping<\/strong> in mind the State&#8217;s keenness to protect buyers and incentivize investments and serious-minded companies, Chief Executive at MODON Development Mr. Ahmed Usama, asserted that the decision issued lately by Prime Minister Dr. Mostafa Madbuly as regards &#8220;regulations governing the way real estate development units are sold to protect buyers&#8221; will prove to pose as a pivotal step with rewarding consequences in the real estate market, notably ramping up investments and prodding companies to expand and grow.<br \/>\nHe noted that the decision will help regulate the industry and shed light on the serious-minded companies while filtering out those who are not steadfast enough. It will also help protect rights of buyers, which is instrumental in keeping the cash of citizens intact, together with incentivizing investors to expand, alluring foreign clients and carrying out target plans in the area of property exporting.<br \/>\nThe regulations will prove to be a game-changer that alters the shape and mapping of investments in the period to come, he explained, adding \u201c We could see further acquisitions among companies, which help enhance investments and expedite the accomplishment of projects and the carrying out of development plans.\u201d<br \/>\nHe expects prices of lands and projects in the New Administrative Capital to go up by no less than 10% in the months to come, in the wake of inaugurating the Government District and in tandem with finalizing some mega projects, he elaborated.<br \/>\nModon Developments set an example for developers which managed to score a resounding success in record time in the New Administrative Capital. It also leads the way for the kind of successful tie-ups binding sister Arab capitals, he noted, referring to the allure of opportunities, Egypt\u2019s investment climate and higher return on investments for foreign investments.<br \/>\nModon Developments exemplifies the successful tie-ups binding Egyptian, Kuwait and Emirates businesses, as the company maintains a 30-year track record in constructions, concrete works and real estate developments.<br \/>\nModon Developments enjoys a track record in Egypt with up to 80 projects and compounds as well as myriad projects in Kuwait and UAE, he noted.<br \/>\nModon Developments is one of the leading developers that own diversified projects in the New Administrative Capital, including 8 upscale projects that are currently under construction. Additionally, the company has finished off the marketing and selling of 5 projects.<br \/>\nModon Developments has a portfolio of projects serving purposes as diverse as commercial, housing, administrative, and hospitality. It has carried out the first hotel that has ever been built in NAC\u2019s Central District, together with a 30-storey tower that is considered as the tallest building on the Green River.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Keeping in mind the State&#8217;s keenness to protect buyers and incentivize investments and serious-minded companies, Chief Executive at MODON Development Mr. Ahmed Usama, asserted that the decision issued lately by Prime Minister Dr. Mostafa Madbuly as regards &#8220;regulations governing the way real estate development units are sold to protect buyers&#8221; will prove to pose as &hellip;<\/p>\n","protected":false},"author":1,"featured_media":14085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[5865],"class_list":["post-14087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-news","tag-modon-development"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.1 (Yoast SEO v27.4) - 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