Who is the developer of Sun Capital compound?

The company that owns Sun Capital 6 October is Arabia Group

Villa for sale in Sun Capital

Reference: NS 45768

EGP 19,500,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 19,500,000

Villa for sale in Sun Capital

Reference:

NS 45768

Type:

Stand Alone

Price:

EGP 19,500,000 Installment

Finishing Status:

Core & Shell

Building Area:

400 sqm

Delivery In:

2023

Listed:

Mon 27 Mar 2023

About Sun Capital 6 October

Villa for Sale in Sun Capital - 6 October By Arabia Group - Delivery Year 2023

Sun Capital is a large-scale real estate project located in the 6th of October City in Egypt, developed by Madinet Nasr Housing and Development (MNHD). The project spans over an area of 12 million square meters and is divided into several phases of development, with the first phase expected to be completed in 2023.

One of the key features of the Sun Capital project is its focus on sustainability and eco-friendliness. The development includes green spaces and parks, as well as energy-efficient buildings and low-carbon transportation options.

The project also includes a wide range of residential, commercial, and entertainment facilities. This includes schools, hospitals, shopping malls, hotels, and sports facilities. The Master Plan of the project envisions a community that will have its own identity, supported by the lifestyle of the residents.

MNHD has teamed up with a number of international partners to bring the Sun Capital project to fruition. One such partner is Ivanhoe Cambridge, a Canadian real estate firm that is providing capital and technical expertise for the development.

The initial investment for the Sun Capital project is estimated to be around $2.5 billion, with the potential for significant returns in the coming years. The project is expected to create thousands of jobs and contribute to the development of the local economy.

However, the Sun Capital project has not been without its challenges. In 2018, MNHD faced legal action from the Egyptian Competition Authority, which claimed that the company had violated competition laws. MNHD denied the allegations and vowed to challenge the authority's decision.

Despite these challenges, the Sun Capital project remains one of the most ambitious and exciting real estate initiatives in Egypt. With its focus on sustainability and innovation, the project has the potential to transform the 6th of October City and create a model for future developments in the country.

https://www.6october.biz/NS45768