The parent company of Owagik for real estate development and investment was launched in 2001 as an engineering department and a general contracting company, which gave it a great and deep experience and knowledge of the Egyptian real estate market which made it a strong leader in this field and after the company’s successes in implementing the largest residential, commercial, administrative and medical projects in many high-end areas and new cities for itself and for others, to be one of the largest real estate development and investment companies in Egypt.
Owagik Development is one of the largest real estate development companies in Egypt for the parent (Global), where Global was launched 20 years ago as a huge contracting company that owns many projects in Egypt, Dubai and Turkey, adopting the spirit of innovation and always looking for the added value that it provides to its clients to represent them a real launching and a real leap in the concept of Real Estate Investment, It also cooperated with the Ministry of Housing to plan and implement many government projects in different cities and governorates across the Republic, under the supervision and management of Engineer Imad Qassem, Chairman of the Board of Directors of Global Integrated Contracting and Road Works, who worked in various fields in the field of real estate such as investment, real estate development, contracting, management and implementation of road networks which qualified it strongly to adopt a new concept and innovative thought to make various investments in the new administrative capital under the auspices of Owagik Development Company
The Owagik New Capital project is distinguished by its strategic location and the adoption of a sophisticated concept in design and optimal exploitation of spaces to reach the lowest loading rates in the new administrative capital and take into account the construction standards and obligations to obtain the highest quality in the real estate market which leads to raising the investment return for the units of the Owagik New Capital project, adopting the principle of quality and added value, as we previously mentioned from the work of Global Company.
Owagik Development Company has followed the example of the parent company Global in adopting the concept of quality for construction, where the initial investment volume of the project is about 1.7 billion Egyptian pounds, and about 25 million Egyptian pounds will be pumped as investments in 2021. It aims to exceed 2 billion and 300 million Egyptian pounds in sales in the new administrative capital of the Owagik New Capital project, the largest multi-use building in the Downtown, consisting of three connected towers, an administrative tower, a medical tower, a residential hotel tower, administrative units, commercial units, hotel residential units, and medical units equipped with the latest technologies to take into account international medical standards.
Construction and excavation work has already begun at the project site on the land of the new administrative capital in the heart of Down Town, and all commercial, administrative, residential, hotel and medical units will be delivered after three years, fully finished, and innovative investment plans are developed to raise the investment return for all units.
As for the company’s agenda, it plans to implement a large medical project in the Administrative Capital in the coming years, and it is currently implementing two projects in the medical field on the Sixth of October City on large spaces, 14000 square meters for the first project and 4000 square meters for the second. It is expected to be a distinguished addition to the medical sector in Egypt.