News Archive

KUWADICO is in process of finalizing the model villas in Grand Heights in preparation for marketing the 2nd phase of the project

16 - November - 2011

Despite the political turmoil in Egypt, Kuwait Wadi Elnile Urban Development Co. (KUWADICO), a subsidiary of NREC, has begun the execution of construction works of the Grand Heights Project in accordance with the approved time schedule.

Within this frame, KUWADICO is nearing completion of the model villas of the Grand Heights Project as six different model villas are currently under construction. This comes in addition to finalizing the works related to the company’s branch at the 6th of October City near the project to facilitate direct communication to the investors from inside the project location.

Moreover, it has been decided that the company will soon reach a final agreement with both the Executive Consultant and the General Contractor of the project upon starting the execution works during the last quarter of this year.

As the company approaches the final phases of the execution of the model villas, its marketing department is readily preparing a marketing strategy for the second phase of the project with the objective of increasing the project’s market value relative to the operational value of the project.

Moreover, the company ensures the best offers that suit the current phase through offering multiple interest-free installment options over seven years in addition to the highly competitive value of the project as one of the most luxurious fully-executed projects.

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