DIG has launched its sixth project in the New Capital’s Downtown, Track Rev, to revive the concept of downtown Cairo, as the state moves to develop the new capital with an organized and modern layout.
Hussein Salah, Chairman of DIG, said that the Track Rev project is located on an area of 4,000sqm, comprises of G+11 floors, and includes commercial, administrative, and medical units at EGP 3.4bn investments.
He emphasized that, believing in the importance of closely monitoring the project’s implementation, DIG contracted with AUE consultants as the project’s general consultant. He noted that the company has completed approximately 30% of the project’s construction.
He pointed out that Downtown Cairo has proven throughout the ages and in all countries to be one of the country’s most successful areas, as evidenced by the neighborhoods of downtown Cairo since their inception. The state is now introducing a new concept for Downtown Cairo with a larger area, which represents a great opportunity to present a modern, integrated urban area.
Hany Helmy, DIG’s Vice Chairman, said that the company is investing approximately EGP 20bn in Downtown New Administrative Capital, believing in the region’s strength and its desire to have a future that blends the strength of the past.
DIG is implementing projects Track10, Track12, Track14, Track20, Track15, in addition to its sixth project, Track Rev.
He pointed out that the company is focusing on accelerating construction rates on all its projects, with completion rates reaching approximately 40%.
For his part, Mohamed Fawzy, Board Member and CEO of DIG, emphasized that history repeats itself, noting that DIG Capital is the new extension of Downtown Cairo, in the heart of Downtown Cairo.
He pointed out that Downtown Cairo holds great hopes and a promising future for its investors, both developers and clients who have chosen to invest in this area.
Fawzy emphasized that the current period represents an opportune time to invest in real estate, especially in light of the severe turmoil and the significant rise in gold prices, in addition to the ongoing conflict between major economic blocs. He noted that real estate is the best and safest solution during these times.