Nile Valley Group (NVG)
Nile Valley Group (NVG) is an Egyptian shareholding company established in 2002 to produce and export a selected basket of horticulture crops mainly into Europe.
NVG also provides farm management and technical advisory services relying on a strong backbone of success stories both in Egypt and in the region since its inception.
NVG now provides all the management, production and export activities that were conducted previously by NVG – thereby allowing NVG to be the land ownership and infrastructures investment arm – and NVG the production and export vehicle.
Nile Valley Holding (NVH)
Nile Valley Holding Co. for Investment (NVH) was established in 2008 as a fast growing Egyptian Incorporation by a group of professional investors in Egypt in order to participate in establishing new companies issuing securities or even increasing the capital of other companies. Headquartered in Cairo, Egypt, NVH’s licensed capital 450 Million EGP.
NVH’s vision is to create many diverse investments to develop the national economy serving its main mission which is; creating a balanced investment environment in Egypt, thus, NVH acquired and became a shareholder in a number of companies. NVH chooses companies that form the basis of each country’s economy which are real estate development and investment, food industries and agricultural investment.
According to the real estate development and investment field NVH acquired “Garden City for Development and Investment Co.” (GC Development) which works as a real estate developer both inside and outside Egypt and also does a lot of housing, commercial and administrative projects. In the Food Industries field, NVH acquired “The Egyptian Company for Food Industries and Meat Products“(Fresh Food TM) which is a pioneer in producing foods more than 30 years ago. In the agricultural field NVH is a main shareholder in “Nile Valley for Agricultural Development Company” which works in developing and land reclamation in addition to exporting various high value crops to England and the EU (European Union) countries. We will achieve this through:
- Focusing on developments that address people’s evolving lifestyles and practical needs
- Achieving exceptional and sustained profitability by delivering excellence
- Forging strategic alliances with industry leaders and innovators that provide long term value
- Investing in companies that provide complimentary expertise
- Developing a respected, trusted and inspirational brand
- Recruiting, retaining and developing a world-class team and culture.
Garden City developments also ventured with a reputable consortium that provides a unique mix of experiences in development, retail and construction segments in the Egyptian market. The consortium includes SODIC, currently one of the leading real estate companies in Egypt; Bonyan, a subsidiary of SIAC, one of Egypt’s largest contractors and pioneers of industrial parks in Egypt; GAZO, the holiding company of Galal El Zorba is a chairman of the federation of Egyptian of industries.
This unique mixture of successful conglomerates won a government sponsored bid to develop a for-lease retail center in a prime location in Mansoura, the capital of Egyptian governorate Dakahlia. Dakahlia, located 120 km northeast of Cairo, is one of the relatively wealthier governorates, with a population of approximately 1.2 million people and an enormous pent-up demand for commercial and retail developments.
The tender was part of the government’s initiative to direct investments towards diversified development opportunities outside of Cairo and target the growing middle classes in these secondary cities. As part of this strategy, the government identified, and is making available, significant land tracts to private sector investors – both local and international – to develop commercial real estate developments in a structured and well-planned manner.
Located on a primary highway connecting the Dakahlia governorate’s major towns, the plot area is 63,000 sqm, permits 37,800 sqm of gross built area, and a 27,720 sqm of net leasable area. The project is to be fully constructed in an 18 month time-frame and will be leased from the government for a 50 year period. The consortium forecasts the investment cost of the Mansoura commercial center to be approximately EGP 210 million, and will have cost the company over EGP 160 million. It has already secured a commitment from Carrefour for the anchor 5,000 sqm retail store.
The consortium has assigned Garden City developments Chairman, Mr. Shafik Baghaddy, as the chairman of the consortium company, named the Tegarah Company for Commercial Centers. Based on the strength of the consortium, as well as the strength of the concept submission, the company was ranked first on a point system set out in the tender documents, subsequently winning the tender. The concept includes providing services such as entertainment facilities, hypermarkets and department stores, food and café outlets, furnishing supplies, clothing materials, automotive services, among many other retail and commercial activities to attract the whole governorate and become their destination of choice.
With its lack of entertainment facilities across all categories, including cinemas, restaurants and amusement areas, Mansoura has a strong need for modern shopping centers; its total expenditure on retail is approximately EGP 26 billion. Garden City developments meets the consortium’s strategic policy of further diversifying its portfolio to include commercial retail developments that provide a consistent source of revenues, as well as using its experience in Dakahlia to eventually include other governorates in Egypt.
SODIC GARDEN CITY
Sodic Garden City is a venture between two organizations with extensive experience of large-scale developments, both committed to developing specialized real-estate destinations and delivering them to the highest standard.
SODIC is collaborating with GARDEN CITY for development and investment to develop specialized commercial real-estate developments in Cairo, the first being The Strip. Sodic are the developers behind some of Egypt’s most admired and best-planned new developments, including major mixed-use developments in west and east Cairo.
GAREDN CITY for developments and investments is a real estate development company committed to achieve the highest industry standards, taking the utmost care in creating developments that exceed expectations in terms of cost, quality and timely delivery.
Together, we’ve undertaken a rigorous process of research to ensure The Strip offers real benefits for Cairo’s residents and creates real opportunities for shopping retailers.