Arabisk Real Estate Development Company announced its new project, "Khan Al-Wazir," in New Cairo, in the presence of a host of major developers, media professionals, journalists, and company employees, to unveil its latest project with strong expertise and financial capacity.

Dr. Abdel Hamid Al-Wazir, Chairman of the Board of Directors of Arabisk Real Estate Development Company, stated that the company has been operating in the real estate market for over 10 years. The company's vision focuses on blending modern architecture with heritage designs in its projects.

He added that the design of "Khan Al-Wazir" aligns with the company's vision of combining modernity with the revival of ancient architectural heritage, making it the first mall with a distinctive architectural character and a historical landmark for visitors.

He further noted that the project's investments exceed EGP 700 million, with sales targets reaching EGP 1 billion in the first quarter. The project is self-financed through Egyptian-Emirati investments and spans an area of 2,250 square meters.

Al-Wazir affirmed that Arabisk Real Estate Development Company operates in line with the state's urban development goals, as the real estate sector contributes 23% to the GDP. The company aims to expand into new cities in the coming period.

He also mentioned that the company will soon launch two projects in Obour City on 16 acres with investments estimated at EGP 13 billion, as well as a project on the North Coast to establish a tourist village, with total investments for both projects expected to exceed EGP 20 billion.

Engineer Ahmed Samir, CEO of Arabisk Real Estate Development Company, stated that "Khan Al-Wazir" will be a landmark in New Cairo's commercial projects, with its design developed in collaboration with key partners, including Archrete, Incomercial and Dealers Studio.

He added that the company's philosophy relies on selecting prime locations for its projects, as it has a broad customer base eager to invest in its developments. Arabisk's projects carry a strong brand in the real estate market, setting them apart from other developers.

He emphasized that the company is committed to delivering projects on schedule without delays, fostering trust with clients and ensuring high investment returns.

The company is adopting a new strategy focused on launching large-scale projects for integrated compounds, having already completed smaller projects in New Cairo.

Engineer Ahmed Attia, Sales Director at Arabisk Real Estate Development Company, stated that the project is being launched in phases, with pricing adjusted per phase.

He noted that "Khan Al-Wazir" offers diverse unit sizes, ranging from 22 to 150 square meters, catering to both major brands and small investors.

Engineer Mohamed Tammam, Chairman of Archrete Architectural Design, said the project's design is unique, blending modern and historical architecture—a first in modern real estate among the 110 projects they have designed.

This type of building relies on natural factors to enhance energy efficiency and sustainability, despite higher costs. The company successfully balanced modernity and heritage while incorporating smart building systems.

Abdel Razek El-Chihi, Chairman of Dealers Studio, stated that Arabisk is keen on establishing its identity in the real estate market by reviving heritage while integrating modern designs.

The name "Khan Al-Wazir" symbolizes the fusion of past and future, offering a distinctive commercial and intellectual experience that reflects authenticity and modernity.

The project's strategic location near Rehab City, Madinaty, the Prosecutor General's building, and the 90th Street North makes it a prime investment opportunity for commercial, medical, and administrative units with high returns.

Engineer Mohamed Mahi from Incomercial noted that Arabisk provided them the opportunity to participate in this landmark project in New Cairo. The company's approach involves thorough studies of the project's location and surrounding demographics to attract major brands.

Engineer Mohamed Shehata of Incomercial mentioned that the company has experience operating malls in New Cairo, having worked with 25 developers. They implement comprehensive plans to ensure project success by optimizing spaces, targeting the right activities, and analyzing locations.