In partnership with three international companies.. Marjens Real Estate Development is launching her latest venture

MARGINS, a real estate development and project management group, is preparing to start implementing its latest project in the new capital, early next year 2022, in partnership with the global giant Minor Hotels, which will implement its first project in Egypt and New Capital in partnership with Margins.

According to Dillip Rajakarier, CEO of the Minor Hotels in Egypt, the upcoming emergence of Minor Hotels in Egypt is strategically important for the group, as it continues to develop the group's MENA expansion and the addition of a new state to our portfolio, as Egypt is a tourist destination for its stunningly amazing history and heritage, as well as an important business centre, the company is looking forward to the launch of the OAKS brand in the country's new capital. "We are confident that it will offer a wonderful advantage to this growing master plan."

The project to open during 2025 "Oaks Egypt New Capital Apartments & Suites", which has an investment cost of more than 1 billion pounds and is located in the heart of the new administrative capital, explaining that the first project is a Minor Hotels in Egypt, said Ashraf Shahin, head of and Managing Director of Margins Real Estate Development.

Creative Kingdom, founded in 1997, is one of the world's leading architects and planning companies, especially major tourism projects and hotels, noting that the company has expanded its operations over the past 15 years in several different countries.

"Creative Kingdom has a rich and wonderful history in Egypt." We are especially excited to announce the completion of the Oaks Egypt New Capital Apartments and Suites project, which is scheduled to open in 2025 in the new capital of Egypt, said Thanu Boonyawatana, CEO of Creative Kingdom Inc.

Ashraf Shaheen, an engineer, confirmed that MMAC International Design will participate in the interior design and detailed design of the entire project. It is one of the leading internal design and hotel design companies. It is also the lead designer of the major international hotel companies and has designed more than 60 hotels worldwide.

According to Christian Merieau, MMAC CEO, "The MMAC Design team is proud to place its extensive hospitality expertise at the Marjens Real Estate Development Service and Minor Hotels group by providing full interior design to the 400 apartment and hotel wing project in the new capital of Egypt."

The project consists of 15 floors other than garage and roof houses, and on the ground floor, a mall, a restaurant and a cafe will be set up. The second floor is dedicated to hotel services such as the Resion, lobby, gym, spa, meeting rooms, and private restaurants for guests and owners, and the Rove has a pool, restaurant, cafe, and recreational area.

Ramine Behnam, Minor Hotels executive vice president for the Europe, Middle East and Africa development sector, praised its partnership with Marjens and the start of its business in the Egyptian market explaining that the company currently has a portfolio of 527 hotels and resorts in 55 countries around the world for a total of over 80,000 rooms from Asia to the Middle East, Europe, South America, Africa and other countries.

He continued, "It is a great honor to participate in the new capital project, which is the first national project in Egypt."

He noted that "We are pleased to seize the opportunity to provide world-class services with the experience we have gained in running mega-enterprises worldwide in the area of operating hotel products.

MARGINS, a prime example of the Egyptian real estate market, was founded by a group of experienced and ambitious engineers qualified to work in real estate development, decoration, contracting and the pharmaceutical industry. The company, from the very first day of its existence, is required to be an integrated real estate entity with a special and distinctive mark on the Egyptian market.

MARGINS is an innovative and state-of-the-art entity that qualifies them to lead the real estate market alone, as partners have deep experience in fieldwork on urban and industrial development projects.

In early 2021, Margins Development launched a ZIA Business Complex project in administrative capital, 90% of which was completed and construction work began in mid-2021.