Castle Development, a real estate company that focuses on developing high-value residential, commercial, and administrative projects in Egypt, has recently organized a media trip to its flagship project in The New Administrative Capital; “Castle Landmark” and “Castle Gate” mall.

Castle Development finished 85% of construction in phase I, 35% in phase II and 5% in phase III of the project

Construction in phase I reached 85% this phase includes 476 units, phase II is 35% finished, while phase III is 5% finished, while the digging process is finished in phase IV.  Delivery for phase I should take place in August 2022, phase II is scheduled the first quarter of 2022, and phase III after 6 months from phase II whilst full project will be delivered by the end of 2024.

“In Castle development, the most important thing we care about is trustworthiness and transparency with our clients. We are keen to deliver our clients the best quality on the scheduled dates. Our top priority is to provide our clients with high-ended projects and to execute our plan on time, that’s why since we started Castle Landmark we increased the work capacity to the maximum to adhere to the schedule we promised our clients.” Said, Eng. Ahmed Mansour CEO of Castle Development.

Explaining the plan, Mansour added: “We had several challenges during the last period due to Covid-19 crisis and its effect on all projects, however, we focused our efforts towards Castle Landmark to continue the construction plan and here we are today sharing with our clients the progress we achieved hoping to meet our clients’ expectations and to contribute positively in the Egyptian government’s comprehensive urbane plan, hence will reflect on Egypt’s image worldwide, especially when it comes to The New Administrative Capital, the national new project which has a huge influence on the foreign investments in Egypt.”

Castle Landmark with an investment of EGP 3.7 billion, the project introduces an integrated, smart residential compound, which runs on solar energy that feeds 70% of its overall area.

Ideally located on R7 site in the New Administrative Capital, 81% of the project’s landscape exhibits green areas allowing residents to enjoy the peaceful suburban lifestyle adjacent to the city’s Green River over 43 acres. And for the first time in Egypt; the project contains parking over the total land space, to facilitate the traffic and provide premium quality to its residents.

Castle Landmark includes Castle Gate mall which is constructed over 20 acres with total 196 administrative and commercial units, work started in Castle Gate with OKOPLAN Engineering Consultations contracted by Castle Development to design the Mall.

In addition to that, the company is developing another project which is East Side building with investments 800 million EGP. The digging phase has already finished and the building is constructed over 7600m ², East side includes 9 floors each floor contain 23 unit. The floors are distributed to be 3 floors commercial, 2 floors medical and the rest are administrative.

Castle Development focuses on the development of high-end real estate projects in Egypt, including residential, commercial, and administrative developments. Since its inception, Castle Development has made a priority to offer its customers unique services; which include its one-of-a-kind partnership with Allianz Insurance – Egypt.

Castle Landmark is keen to provide high standard projects and smart solution to its clients, through strategic plan focuses on offering high-valued real estate projects equaling the international real estate’s projects comparing the modern designs, the facilities and the amenities that’s the reason behind contracting a very important company in Egypt and North Africa and one of the companies is Schneider Electric which Castle Development has signed a memorandum of understanding with to build an integrated system for the energy and security in Castle Landmark, also contracted with the Saudi ABC company to provide project management and consulting related to facilities. Moreover, an agreement with Be-Tech to provide the clients with long-lasting devises alongside with Fawry Company so the clients can pay the installments easily.

In an episode titled “integration between sports and investment”, Narrative Summit speakers discuss the future of sports tourism in Egypt and encouraging sports investment and entrepreneurship. Encouraging the private sector to invest in sports promotes integrating sports into the lifestyle of Egyptians: Amr El-Sonbaty

“The Entrepreneurs Competition was launched to support youth and encourage innovation and creativity”: Amr Mansi.

A new episode of Narrative Summit – Reshaping Norms 2021 was released on social media platforms, in which experts and specialists discussed the integration between sports and investment. Amr El-Sonbaty, Member of Parliament and Chairman of the Heliopolis Sports Club, founder and partner of Smash Academy, and Amr Mansi, CEO of I-Events and founder of El Gouna Squash Festival, also shared their ideas on the future of sports tourism in Egypt and how international tournaments held in Egypt could help achieve state goals of sustainable development.

Amr El-Sonbaty said: “To expand the base of sports practitioners, we must encourage investment in sports by both the state and the private sector. We started the idea of ​​private and specialized clubs more than 25 years ago through the Smash Academy club and found great demand and success. One of the most important factors to encourage sports investment is the provision of land at a special price as the nature of investment in sports is different than any other project. Sports investment is an investment in people’s health, which is good of the state as a whole.”

He added: “The revitalization of sports tourism is linked to the increase in the number of tournaments held in Egypt and thus the increase in the number of foreign tourists, which puts Egypt on the map of global sports. It also markets Egyptian sports facilities and encourages foreign clubs and the world’s countries to visit Egypt, organize local matches, or training camps in Egypt. Meanwhile, sports can highlight the state’s efforts in developing slums – similar to the reconstruction of Ezbet Al-Haggana, which has become Al Amal District. We should work to establish more sports facilities within these communities to improve its residents’ lifestyle. I hope that sports will become a way of life for all Egyptians of all ages, which not only improves their physical health, but also mental wellbeing and productivity.”

For his part, Amr Mansi, CEO of I-Events and founder of El Gouna International Squash Open said: “I started organizing the El Gouna International Squash Open because of my love and passion for squash. I wanted to offer something different to the people of Egypt. The first tournament was in 2010 – and with it; many champions were born.

There were no major international tournaments organized in Egypt at that time, but now, after 10 years, from the establishment of the first tournament, squash became an influential sport in Egypt. Consequently, all players have found sponsors, which helped them grow into professional players. The investment in players and tournaments expanded the fanbase of the game and lured in more people to join and play. The result is now, in Egypt, we have two of the eight biggest tournaments in the world.”

Discussing the entrepreneurship competition that he launched, Mansi said: “I thought that there should be a competition for young entrepreneurs for projects that started and were able to achieve success and make an impact in their field. The advisory committee for the Entrepreneurship in Egypt Award was chosen to be made of a number of the top economists and entrepreneurship in Egypt. The competition included more than 15 industries, including architecture and design, fashion and jewellery, e-commerce, education, physical health, media and advertising services, and tourism, amongst others.”

He added: “The award ceremony was held recently at the foot of the pyramids, where the most prominent entrepreneurs and project owners were honoured in appreciation of their efforts, in the presence of a group of the most prominent businessmen, economists, and public figures in Egypt, to support entrepreneurship as one of the main drivers of economic growth. This will definitely contribute to encouraging creativity and innovation and promote the emergence of a new generation of entrepreneurs.”

This episode from the Narrative Summit – Reshaping Norms 2021 is part of the online series that launched last year on social media. The summit gives the stage for experts and specialists in various issues to present their success stories and thought-provoking thoughts to the public, with a focus, this year, on optimism. The 2021 series builds on the great success achieved in 2020, when Narrative Summit launched five seasons of its flagship online forum Reshaping Norms, receiving great follow-up on social media, hitting 11 million followers, 4.5 million views, and 3.5 million interactions.

Narrative Summit supports Women of Egypt’s ‘40 Over 40’ campaign