Arab Finance: MODAD Properties, a subsidiary of the leading construction and real estate conglomerate MODAD Group, is close to complete the excavation and piling works of its latest project Sector 1, according to an emailed press release.

Located in the New Administrative Capital's finance and government district, the project provides over 1,000 units supported by maintenance and security services.

Sector 1 spans a total area of about 150,000 square meters, with a developed area of 110,000 square meters.

The total investments of the project are estimated at EGP 600 million, aligning with MODAD Properties' vision of offering modern and integrated communities as well as the best services to meet all the needs of various companies and institutions in the business sector.

"The project is distinguished by its strategic location, innovative modern designs, and integrated services, making it an attractive destination for different companies and institutions wishing to relocate their businesses to the New Administrative Capital," Mohamed El Haddad, Chairman and Group CEO of MODAD Group, said.

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