Modon Development The gate to investments in the Middle East
Modon development is an Egyptian Kuwaiti company with a capital of 10 billion Egyptian pound, 3 billion of the 10 billion are designated for the Egyptian market alone, especially development projects in The New Capital.
If we add that to the strong investment approach they take and the years upon years, 40 to be exact, of investment in the Arabian market, the long list of successful projects both real-estate related and in many other sectors, we find ourselves in front of a business giant, truly worthy of every ounce of fame they got for everything they come up with.
The owner of Modon Development?
· Modon Development Egypt, considered one of the most successful partnerships in the Kuwaiti Egyptian business world, is owned by many talented investors and specialists in many different sectors.
· Mr.Talaat Guirguis is the chairman of Modon Developments since the founding of the company in Kuwait, 1980.
· Mr. Fam Najeh is managing director of the company.
· Mr. Osama Tariq is the head of the commercial sector.
The rise of Modon Development
· This partnership between a group of talented Egyptian and Kuwaiti investors happened in Kuwait, 1980.
· The company allocated 10 billion pounds since day one, to ensure the best quality in their projects’ finishes and designs, offering a high-end fast service to their clients.
· Since the founding of the company, Modon targeted many large-scale companies to build successful partnerships in many fields, one of those partnerships was with the famous architect Asaad Salama, the owner and founder of “Salama Structural Engineers”, which is considered one of the most prestigious engineering consultancies in The Middle East, he is also the name behind many unique towers and skyscrapers in the gulf area.
· Modon is not the only company resulting from this partnership, it is considered one of many trademarks used to establish a new way of building in the world of real-estate, real-estate marketing, construction, interior designs and manufacturing of modern building materials, such as the rebar industry.
· By doing so, the company was able to establish itself in the business race. Another factor of success was their ownership of an advanced home furniture factory, which is something that helped their interior design business.
· With this diverse understanding of the market, the company was able to pump 3 billion pounds in the market by the first year, expecting to get a sales avenue of about 5 billion Egyptian pounds in their project.
Modon Development projects
· Modon Developments New Capital:
The Tower, An administrative, commercial, medical and residential tower in the New Administrative Capital.
Central Iconic Tower Hotel and Mall, the new administrative capital.
Garden View Compound for villas in New Cairo in the capital, Cairo.
International School in the New Administrative Capital.
· Projects in Nasr City:
300 commercial and residential buildings in Nasr City, Cairo.
· Projects in Kuwait :
The Avenues Mall in Kuwait.
A variety of hospitals, international schools and sports clubs in Kuwait.
