Latest developments regarding the partnership contract between Al-Ahram Press Foundation and Al-Nasr Housing and Development Company
Mr. Dr. Hani Soliman received the CEO and Managing Director of the Holding Company for Construction and Development And Mr. Engineer / Mohamed Abdel Maqsoud, CEO and Managing Director of Al-Nasr Housing and Development Company Mr. Dr. Mohamed Fayez, Chairman of the Board of Directors of Al-Ahram Press Foundation, and the delegation accompanying His Excellency: Mr. Dr. Ahmed Mukhtar, Undersecretary of the National Press Authority Mr. Dr. Saeed Ghoneim, Director General of Al-Ahram Press Foundation Mr. Major General Wahid Asaad, Director of Public Relations Mr. Counselor/ Ahmed El-Nahhas, legal advisor to Al-Ahram Foundation Where Mr. Dr. Hani Salman expressed his happiness in cooperating with Al-Ahram Press Foundation and the legacy of that national institution throughout history. He also pointed out that the Ministry of Business Sector, represented by the Holding Company for Construction and Development, seeks to optimally exploit the portfolio of lands it owns and the necessity of cooperation and partnership with the private sector and benefiting from All assets owned by the state in accordance with the directives of His Excellency Mr. President Abdel Fattah El-Sisi, President of the Republic. His Excellency also indicated that the companies affiliated with the Holding Company for Construction and Development possess many distinguished resources, mechanisms and human resources, as a strategic plan has been developed to advance and develop these companies in accordance with market mechanisms in order to achieve economic growth rates. During the coming period - Mr. Dr. Mohamed Fayez, Chairman of Al-Ahram’s Board of Directors, expressed his great happiness, warm reception and generous hospitality, and stressed the necessity of increasing joint cooperation between the two sides in other projects, given that Al-Nasr Housing and Development Company and the companies affiliated with the Holding Company for Construction and Development have great experience in the real estate industry as well. His Excellency indicated that Al-Ahram Press Foundation seeks during this period to diversify its sources of income through optimal exploitation of all assets owned by it. The meeting discussed the latest developments regarding the partnership contract between Al-Ahram Press Foundation and Al-Nasr Housing and Development Company regarding the development and construction of a plot of empty land owned by Al-Ahram Foundation, with an area of approximately 12,200 square meters, in Area S of the Upper Plateau in Mokattam. Where Mr. Engineer/Mohamed Abdel Maqsoud stated that the city of Mokattam has, during the past period and to date, taken great interest from the political leadership in developing and growing the city of Mokattam, through developing and modernizing the infrastructure and establishing many main roads and axes that made the city of Mokattam the heart of Cairo, which made it a point Attracted again by investors His Excellency reported the approval of the concerned authorities to add an additional number of 2 floors to the permitted height in accordance with the building requirements for the aforementioned plot of land, so that it becomes a basement and ground floor and 6 recurring floors in addition to the roof rooms instead of a basement, ground, and 4 recurring floors, and the activity of the aforementioned plot of land changes from residential to integrated urban activity ( Residential - administrative - commercial), which means a significant increase in the project’s revenues. His Excellency indicated that the architectural designs for the project are being completed, as the company is conducting designs for a new architectural style that is commensurate with the project’s location and the demographic nature of the city of Mokattam. His Excellency praised the work team from both sides for their efforts and stressed the need for more cooperation for the success of this partnership and to discuss further cooperation in other projects. The following were attended by Al-Nasr Housing and Development Company: Mr. Accountant/Osama Al-Naqeeb, Managing Director of Financial Affairs Mr. Eng. Mahmoud Abdel Basset, Assistant Chairman of the Board of Directors for Projects Mr. Sameh Tayseer, Head of the Real Estate Sector Mr. Accountant/ Faraj Namis, Director of Marketing Department
Launching of the Aali project in Mokattam
Al-Nasr Housing and Development Company, in partnership with Okiana Company, announced the start of the reservation process for their huge project (Upper Mokattam), located in the Upper Plateau area of Mokattam. The Upper Mokattam project is one of the largest integrated residential projects in Cairo, extending over an area of 40,000 square metres.
Holding the companys general assembly
The ordinary and extraordinary general assembly of Al-Nasr Housing and Development Company was held on Wednesday, headed by Dr. Hani Othman Soliman, the executive member of the holding company and acting Chairman of the Board of Directors, to approve the budget for the fiscal year 2022-2023, and the financial position statement and income statement were approved on 30- 6-2023.
Visit of His Excellency Dr. Mahmoud Esmat, Minister of Public Business Sector
The visit of His Excellency Dr. Mahmoud Esmat, Minister of the Public Business Sector, to Al-Nasr Housing and Development Company, affiliated with the Holding Company for Construction and Development, in the presence of Engineer Hani Othman, President of the Holding Company, and Engineer Mohamed Abdel Maksoud, President of Al-Nasr Company, to review the progress of work, the rates of project implementation in the Mokattam region, and the modernization and development plan.
Appointing a new member to the company’s Board of Directors
The Holding Company for Construction and Development appointed Mr. Major General Jalal Sayyed Al-Ahl instead of Mr. Engineer Ahmed Fouad to the membership of the Board of Directors of Al-Nasr Company as its representative for public funds.
AIIB Annual Meeting
Intensive activity by Mr. Engineer / Mohamed Abdel Maqsoud, CEO and Managing Director of the company, during the Asian Bank conference in Sharm El-Sheikh. His Excellency met, in the presence of Mr. Accountant / Osama Al-Husseini, Managing Director for Financial and Administrative Affairs at the Holding Company for Construction and Development, an elite group of Egyptian, Arab and foreign financiers and businessmen to discuss ways to Partnership with international partners to benefit the company
Appointment of Dr. Hani Suleiman as Executive Managing Director of the Holding Company for Construction and Development
Dr. Mahmoud Esmat, Minister of the Public Business Sector, issued a decision appointing Dr. Hani Othman Soliman as Executive Managing Director of the Holding Company for Construction and Development and acting Non-Executive Chairman of the Board of Directors. Dr. Hani Othman Soliman is a professor at the Faculty of Engineering at Zagazig University and worked in the Engineering Consulting Group in Qatar for about 17 years old