Cairo, November 26, 2024 - In line with the state’s focus on exporting Egyptian real estate, Vantage Urban Development, one of Egypt's leading real estate companies, announced the launch of its second project, "M Signature", in the heart of New Cairo, with a total investment of EGP 1.5 billion.
This announcement was made during a press conference held by Vantage Urban Development, attended by Mr. Mohamed Abdel-Gawad, Chairman of Vantage Urban Development, Mr. Danny Salibi, CEO of Morganti – Middle East & North Africa, Mr. Saeed Al Hamli, CEO of Seattle Project Management Services in the UAE, along with prominent Egyptian businessmen and media representatives.
Mr. Mohamed Abdel-Gawad emphasized that the state’s efforts in developing fourth-generation cities as part of the Egypt 2052 National Urban Development Plan have led to an unprecedented urban boom in Egypt. He also highlighted that the state’s focus on exporting Egyptian real estate and placing it on the global map for investment and tourism has encouraged many real estate developers to introduce diverse and competitive real estate products.
Mr. Abdel-Gawad added that Vantage Urban Development has selected a prime location in the heart of New Cairo for its second project, M Signature, in partnership with Morganti, a leading global asset and facilities management company. This marks Morganti’s first project in Egypt, aligning with its expansion plans to bring expertise to the Egyptian market. Located in the Fifth Settlement of New Cairo, the project offers a tourist and hotel-style development that leverages the unique competitive advantages of the city while supporting the state’s vision for sustainable development and real estate export.
M Signature includes hotel-style residential units managed by Morganti, with unit sizes ranging from 46 sqm to 155 sqm, offering studios, one-bedroom, two-bedroom, and three-bedroom units. The project also boasts a variety of leisure amenities, including cafes, restaurants, a gym, a spa, a children’s area, barbecue and party zones, retail outlets, and more, ensuring comfort and luxury for its clients. Its strategic location provides easy access to key areas in the Fifth Settlement, New Cairo.
Mr. Danny Salibi, CEO of Morganti – Middle East & North Africa, stated that the Egyptian market is a strategic launch point for Morganti in North Africa, offering numerous opportunities to transfer its global expertise to local real estate developers. He emphasized Morganti's commitment to implementing advanced technologies and innovative solutions, which clients of M Signature will benefit from, ensuring high-quality operational efficiency and promoting sustainability within the project.
Mr. Salibi also noted that Morganti's expansion plans in Egypt aim to redefine asset, community, and facilities management. With over 100 years of experience in the U.S. and more than 30 years in the Gulf, Morganti has managed iconic projects like the UAE Presidential Palace, Saadiyat Residential Community, Etihad Towers, and King Khalid International Airport in Riyadh, Saudi Arabia.
Additionally, Mr. Saeed Al Hamli, CEO of Seattle Project Management Services, highlighted that Egypt’s real estate sector has experienced remarkable growth over the past decade, attracting Gulf investors eager to introduce innovative concepts in community, facilities, and asset management. He stressed that the current challenge for Egyptian developers lies in creating unique real estate products that support the export of real estate. Partnering with companies with extensive expertise in asset, community, and facilities management adds significant value to projects and balances real estate investment with luxury living.