Prime Development launches its first project, Harmont, in the New Capital, with a selling value of 450 million pounds

Karim Fahmy: The Harmont Project in Downtown's most distinctive sites

The company makes a large investment in the capital and implements a series of diverse projects

Prime Real Estate and Tourism Development, one of the leading companies in the real estate and tourism market, has announced the launch of its first business in the new capital, Harmont, with an expected sales value exceeding 450 million pounds.

Harmont is a multi-business, multi-business project with an area of 2,600 m and 12 floors. The total number of units in the project is 240. The investment cost of the project is estimated at 450, said Karim Fahmy, head of the commercial sector.

Fahmy said the project is in the most distinctive Downtown site on a major hub linking the Bin Zayed axis with the government district and its backview on an 8-acre garden, which distinguishes it from other projects. The company has provided flexible payment systems that make it easier for the company's customers to buy.

Karim revealed that Prime had contracted with Maamar, one of the most important consultancy offices with long experience in the field and carried out a large number of projects, to do internal and external engineering and structural design for the project. Negotiations are under way with a number of contracting companies to assign the project to them, as well as negotiations between a number of management and operating companies to manage the building and provide the best services.

Once licensed by the new Capital Management Company, the project will inject more than 30% of the project's total investment cost until 2022.

He pointed out that the company's intention is to implement a number of diverse projects, whether residential, commercial or management, in the new capital, according to the results of market studies and research carried out by Prime Corporation on the real needs and requirements of the market and attempt to meet them. This comes within the expansion company's plan to pump large investments in the fourth generation cities, especially the new capital.

He added that the company is working to provide an innovative and unusual real estate product through its project, Harmont, which is capable of facing the fierce opposition in the new administrative capital, which is becoming the destination of investment not only for Egypt, but for the whole world, especially with the support and support of President Abdel Fattah El-Sisi and the state, and in line with the country's development plans.

It is worth noting that Prime works in the Egyptian market and has experiences exceeding 15 years, during which it implemented several projects in the cities of the Red Sea. There is a hotel housing project in Hurghada near El Gouna, which is a Hungarian project on the sea directly consisting of 308 hotel units with investments of 700 million pounds.