Dr. Kamal Al Bajouri, Chairman of the Board of Directors of Ajyad, the main arm of Hamdan bin Khalifa Al Nahyan’s business, said that the UAE plays an important role in developing regional and global economies through its diversified investments, as the UAE’s real estate investments in Egypt represent an important part of the economic and investment relations between the United Arab Emirates and Egypt.
Ajyad, the UAE arm of Sheikh Hamdan bin Khalifa bin Hamdan Al Nahyan, intends to launch one of the largest and most luxurious residential complexes “Mont Cairo”, which was designed according to the net zero emissions standards – zero carbon to create a sustainable and environmentally friendly community for the first time in the Arab Republic of Egypt at a cost of 27 billion Egyptian pounds.
Sheikh Hamdan bin Khalifa Al Nahyan shed light on his project, inspired by the vision of the President of the UAE, His Highness Sheikh Mohammed bin Zayed Al Nahyan, which aims to achieve sustainability at the local, regional and global levels, by protecting the climate and diversifying the economy to achieve a sustainable future for the whole world.
He explained that the UAE seeks to generalize its unique experience as the first country to produce clean, carbon-free energy and use solar energy to operate the first facility to produce green hydrogen, in addition to generating energy from various natural resources, such as wind, solar energy, and low-density hydrocarbons.
Regarding investment in Egypt, Sheikh Hamdan bin Khalifa Al Nahyan explained that the Egyptian real estate sector is one of the most important vital economic sectors, as Egypt is witnessing continuous growth, while the strategic cooperation between Egypt and the UAE plays an important role in pushing the investment process and developing the real estate sector, and improving the infrastructure and real estate services.
Sheikh Hamdan bin Khalifa Al Nahyan indicated that the UAE’s real estate investments in Egypt will continue to increase in the coming years. He confirmed that the UAE’s plan to build the largest zero-carbon residential complex for the first time in Egypt, could make a big change in the real estate market in Egypt and offer economic opportunities and huge job opportunities. He added: “This step will confirm the UAE’s commitment to invest in Egypt and enhance bilateral cooperation between the two countries, and direct funds to viable and promising investment projects.”
Dr. Kamal Al Bajouri, Chairman of the Board of Directors of Ajyad, the main arm of Hamdan bin Khalifa Al Nahyan’s business, described that the UAE’s entry of Ajyad into the field of real estate development in Egypt should be of huge added value to the Egyptian society, not less in value than the Gulf society, as the company owns a group of the most prominent real estate projects that were launched in a not long time ago. It also provides high-quality and professional services in all the transactions it carries out, and the company always seeks to update and develop to meet the diverse needs of customers, as it is one of the best options for customers looking for profitable real estate deals and reliable investments
