Eastown Brochure

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WWW.EASTOWNCAIRO.COM DEVELOPED BY SODIC AND SOLIDERE

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Eastown

Transcript of Eastown Brochure

Page 1: Eastown Brochure

WWW.EASTOWNCAIRO.COM

DEVELOPED BYSODIC AND SOLIDERE

Page 2: Eastown Brochure

The Face of Cairo is Changing

Bold in their planning, meticulous in their layout, compelling in their offer, Eastown and Westown are the future of Cairo.

sodiC in collaboration with solidErE international, is developing two new urban hubs to the east and west of Cairo. Two vibrant, spacious communities where you can live and work in comfort... where you can enjoy fresh air and open space... where you can have all the amenities of downtown living without hassle and stress. This is the vision behind Eastown and Westown, two large-scale, sustainable, mixed-use city centres located on key axis points in the Greater Cairo area.

Page 3: Eastown Brochure

overview of Eastown - View from northwest

Cairo is a city bursting at the seams. in less than fifty years, a city initially designed for five million people has reached 20 million. The city is continuing to grow at an alarming rate and all the problems of city congestion, lack of “walkability”, intense traffic, and pollution are escalating. Faced with this reality, the government had the vision to reclaim desert land and redirect the current north-south expansion of Cairo which consumes valuable farmland in the Nile valley, to a new east-west axis. Although an ambitious and far-reaching plan, it was successful in creating two new hubs: Kattameya/New Cairo in the east and sheikh Zayed/sixth of october City to the west. These two new suburbs are each forecasted to have populations of more than 2.5 million in the near future.

Bold in conception, both Kattameya and sheikh Zayed City have enjoyed partial success in absorbing Cairo’s population growth. However, as they stand, they suffer from a fundamental problem which is the lack of an urban centre, in

both a physical and an emotional sense. Without this core, Kattameya and sheikh Zayed Cities will be unable to support the commercial and social aspirations of their growing populations.

This is where Eastown and Westown come in. These self-sufficient urban city centres will anchor the existing suburbs and provide focal points for residents and visitors alike. They will represent all that’s best about city living with none of the downsides of pollution, parking problems or traffic jams. As well as alleviating pressure on Cairo’s congested downtown, these new city centres will become destinations in their own right.

Eastown and Westown will provide state-of-the-art homes and offices, attract tourism and generate jobs. They will house world-class retail and entertainment venues.

Eastown will anchor Cairo’s Eastern suburbs.

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UrBAN CiTY CENTrEsDESIGNED FOR LIFE

Page 4: Eastown Brochure

situated fifty kilometres apart to the east and west of downtown Cairo, Eastown is located in Kattameya/New Cairo and Westown is located in sheikh Zayed/sixth of october. They are two of the largest mixed-use city centre making projects to be developed in Cairo since the creation of the Heliopolis suburb over 100 years ago. sodiC is collaborating with solidErE international in the development of these two projects, which are set to become the

new hubs of both Kattameya/New Cairo and sheikh Zayed/sixth of october. solidErE international brings valuable expertise in urban planning, real estate development and property management. They build on experience gained in the 14-year regeneration of downtown Beirut and other large-scale projects in the Mediterranean and Middle East.

The cooperation between sodiC and solidErE international will set new standards for urban development. We are forecasting to invest over EGP 25 billion in the projects. We have partnered with award-winning architects and master-planners, local talent working hand-in-hand with practices from around the world. As the team behind Eastown and Westown, we are committed to the design,

development, building, investment and maintenance of these two state-of-the-art city centres which will inject new life and energy into the Egyptian property market.

TWo CiTY CENTrEsONE SpIRIt

map of greater cairo

Adjacent to the new campus of the American University in Cairo, and near Cairo international Airport, Eastown will become the vibrant urban hub of the Kattameya/New Cairo district.

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sheikh zayed city

sixth of october city

smart village

cairo-alexandria desert road

mehwar

river nile

zamalek

mohandiseen

ring road

road 90

suez road

el-sherouk city

heliopolis

cairointernationalairport

downtown cairo

nasr city

maadi

el-haram

giza pyramids

auc

ring road

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kattameya/new cairo

located on the Cairo-Alexandria desert road, just beyond smart Village, Westown will become the downtown area of the sheikh Zayed and sixth of october City districts.

Page 5: Eastown Brochure

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View of Wist Al-Balad - Concept by Habib debbs, lebanon

EAsToWN CAiro thE FutuRE OF uRbaN LIvING

Eastown is strategically situated on road 90, immediately adjacent to the American University in Cairo’s new campus, a short drive from Cairo international Airport and in the midst of the flourishing communities of New Cairo and Kattameya.

Built on 860,000 square metres of land, twice the size of london’s Canary Wharf, Eastown will provide approximately one million square metres of premium residential, retail and office space while offering the best in shopping, entertainment and sustainable living.

Here, over 25,000 residents, retail staff and office employees can enjoy a vibrant environment where buildings are integrated into the landscape, where traffic is kept to a minimum and the air is cleaner.

As well as its own business shopping and entertainment districts, Eastown will include several hotels and serviced apartments, providing a total of 800 rooms with health clubs, spas and conference facilities.

With its scale and location, Eastown will become east Cairo’s premier urban city centre.

over 25,000 residents, retail staff and office

employees will enjoy a vibrant urban environment.

MixEd-UsE: thE FORmuLa bEhIND a SuStaINabLE CIty CENtRE

Throughout history human settlements have tended to evolve as mixed-use environments. Walking was always the primary means of transportation. People lived and worked in the same areas. These principles have been adapted to Eastown. residents will have the benefit of being able to walk short distances to do their shopping, go to work or watch a movie. instead of being segregated, neighbourhoods will combine all aspects of life. The development of Eastown involved extensive research by urban planners, architects and landscapers. By translating these findings into the design of Eastown, we are creating a community that integrates life, work and recreation.

The mix of uses and services, the range of residential options, and the ability to walk and cycle as part of daily life all make for a more sustainable, greener living.

residents and visitors will benefit from being able to walk short distances to shop, go to work, or watch a movie.8

Page 6: Eastown Brochure

The figure to the right is a scale comparison of Eastown’s master-plan and high street with Oxford Street, Central London. It provides an indication of Eastown’s scale and more importantly, its “walkability”.

Overlay of Eastown’s Master-plan and Map of Central London

Legend

Oxford Circus1Marble Arch2

Hyde Park3

Speaker's Corner4

Tottenham Court Road5

Park Lane6

Piccadilly Circus7

Regent Street8

Oxford Street

Eastown High Street

The Eastown road network has been meticulously studied and is designed to ensure optimum flow, reducing bottlenecks and minimising traffic through the residential areas.

Road Network

Legend

External Roadways

Primary Vehicular Access

Secondary / Tertiary Vehicular Access

Pedestrian High-Street

road 90

auc campus

EASTOwN VEHICuLAR CIRCuLATION and land use

EASTOwN SCALE COMPARISON with oxford street, central london

Page 7: Eastown Brochure

Eastown is divided into five districts, each classified by its own defining features that include: Wist Al-Balad, The Centre, The Gateway, The residences and The Business Park. Meticulously planned and strategically placed on the master-plan, each district is situated in a way that fully maximises benefits and functionality of a mixed-use city centre.

Eastown land Use and Neighbourhoods

The Centre / retail

The Gateway / Mixed-use

The Business Park / Commercial

Wist Al-Balad / Mixed-use

The residences / residential

Parks / Green spaces

legend

Green Walkway

Entertainment Quarter

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3

4

5

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Page 8: Eastown Brochure

Eastown is a city centre of contemporary buildings, beautifully landscaped piazzas and parks.

Hotel and Commercial Plaza - Concept design by Kevin dash, UK

Eastown will have energy, dynamism and a character of its own.

iT’s All abOut baLaNCE

View of Eastown Central ParkView of Eastown Gateway - Concept design by Machado & silvetti Associates, UsA

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Eastown is structured around two axes; the pedestrian-oriented commercial and shopping spine of Central Avenue, and a tree-lined Green spine. The two axes converge in a large public square in Eastown’s Entertainment Quarter.

The Green spine runs through the heart of Eastown’s residential area. A jogging path winds its way through this area, linking the residential and commercial neighbourhoods.

The pedestrian Central Avenue links the southeastern limits of the new campus of the American University in Cairo with Wist Al-Balad, which is positioned on higher ground overlooking the rest of the city centre. Also along Central Avenue is the indoor-outdoor galleria which lies at the heart of Eastown’s shopping district.

Cars, too, have their place. Underground car parks, wide thoroughfares and easy access via New Cairo’s main road 90 and the ring road mean that for once, driving, just like cycling and walking, will be a pleasure.

surrounded by some of Egypt’s top educational establishments, and populated by ambitious young urbanites, Eastown will have an energy and dynamism of its own.

From carving out a career in the business district, to studying for a degree, or raising a family, this is the place to make it happen.

And when a change of job or a move to a bigger place is in order, Eastown can help you meet the challenge.

From the outset, Eastown was planned to offer flexibility and diversity. The east end of town will be predominately commercial; it will be clustered around the central pedestrian avenue’s shopping and nightlife and the offices of the Central Business district. The calmer district to the west is given over to residential neighbourhoods overlooking parks and tree-lined pedestrian spaces. in the middle will be mixed-use communities, home to small businesses, independent shops, lofts and penthouses.

Page 9: Eastown Brochure

WisT Al-BAlAdthE hEaRt OF EaStOwN

Aerial view of Wist Al-Balad - Concept design by Habib debbs, lebanon

Wist Al-Balad is Eastown’s physical and emotional centre.Wist Al-Balad (‘town centre’ in Arabic) is the heart of Eastown and is a main visitor destination. The easy going, Mediterranean lifestyle is captured in a blend of vernacular and contemporary architecture. Here, traditional Middle Eastern architecture meets cutting edge building design. it will be home to apartments, lofts, boutique hotels, caf�s and nightlife, as well as great shops.

inspired by old neighbourhoods of Cairo, Wist Al-Balad is where people stroll along the cobblestoned alleyweys or just sit in a caf�.16

Page 10: Eastown Brochure

UrBAN liViNG REDEFINED

Eastown will offer around 1,900 new luxury and family apartments, penthouses, lofts and student studios. Elegantly styled and supplied with the latest fittings, they will look out over tree-lined streets, parks and courtyards. Nearby, a central green area cuts a swathe through Eastown, an ideal locale for calm recreation; irrigated with recycled water. Each neighbourhood will have its own distinctive charm and character. one can live in a penthouse or loft in the bustle of Wist Al-Balad, overlooking alleyways lined with caf�s, art-galleries and small shops, or for a slower-paced lifestyle, one can retreat to an elegant apartment near the AUC campus where children can freely play in the parks or cycle on the lanes that wind around the whole neighbourhood.

one can enjoy an urban lifestyle only a few minutes’ walk from the world class shopping facilities and business district. Families will appreciate Eastown’s safe environment, clean air and wide open spaces, coupled with a host of recreational and educational facilities, health clubs, spas, pools and playgrounds.

A variety of luxury apartments, penthouses, lofts and studios cater to all needs.

The heart of Eastown’s vision is to provide its residents with contemporary living spaces that are functional, attractive and within easy reach of urban essentials.

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interior residential concept design by Nabil Gholam, lebanon

residential buildings on Green spine - Concept design by Nabil Gholam, lebanon

Page 11: Eastown Brochure

sHoPPiNG liKE NOwhERE ELSE

At the centre of Eastown’s commercial area is the indoor-outdoor retail mall designed by The Jerde Partnership, the UsA’s leading designer of retail and entertainment destinations. it will house designer names, fashion houses, lifestyle shops and gourmet delicatessens. Even here, efforts have been made to conserve energy by using natural light and ventilation. At the heart of the retail complex is an extension of the commercial spine that runs from the Central Avenue, to Wist Al-Balad to the south. This portion of the spine is covered with a layered roof that allows the northwest breezes in, while protecting pedestrians from the harsh summer sun.

Unfolding on either side of The Galleria, Central Avenue provides a high-street shopping experience. There are no cars; this area is strictly pedestrian. stroll through the arched porticoes and settle down for an iced coffee, browse in a bookstore, catch up with a friend over a long lunch.

With over 2,000 shops and retail outlets to choose from, battling cutthroat traffic to scramble for necessities and luxury items is no longer needed; a bike basket and a calm cycle home will more than suffice.

shops, souks, boutiques and a glorious galleria.

View of Central Plaza Galleria - Concept by The Jerde Partnership, UsA

Eastown offers a variety of options for shoppers from small boutiques and high street shops, to department stores and large malls.20

Page 12: Eastown Brochure

oFFiCE LIFE

Welcome to the country’s most desirable work address.

Commercial area (adjacent to the new AUC campus) - Concept design by Machado & silvetti Associates, UsA

Eastown will be the commercial hub of eastern Cairo. it will house a thriving business community that will service the surrounding Kattameya and New Cairo areas.

As the economy grows, and businesses grow with it, the need to move away from cramped offices in a residential building is increasing. Companies of all sizes are constantly looking for new premises. Eastown will fill this need, providing light, space, state-of-the-art infrastructure and room for expansion.

As anyone who has worked in Cairo knows, this variety of flexibility is in huge demand. The business district will accommodate over 1,900 ‘Class A’ offices catering to all types of businesses, from global corporations to start-ups. Here, an office tower designed around your company’s needs is more than simple wishful thinking. But for a more economic approach, large numbers of office floors will be available for purchase or lease; an ideal alternative for small outfits.

in addition, Eastown’s proximity to the Cairo international Airport, universities and educational institutes alike means it is uniquely placed to facilitate internships, business training and exchange programs between the academic and business worlds. Being at the heart of many academic institutions, Eastown’s Business Park will act as a bridge between academic and business communities.

All offices offer abundant parking; with secure underground car parks, getting to and from meetings will be refreshingly easy for on-the-go executives.

Eastown’s Business district is set to be New Cairo’s commercial hub. 22

Page 13: Eastown Brochure

lEisUrE & FUNaLL thE tImE

residents and visitors of Eastown will be able to take their pick from some of Egypt’s best caf�s, restaurants, cinemas and theatres. To keep fit, health clubs, spas and acres of green space will come in handy. There are also art and cultural centres to explore. Fun, adventure and sheer joy of a life lived outdoors is not to be underestimated when it comes to peace of mind. For nightlife and festivities head to Wist Al-Balad, designed by Habib debbs (lebanon). As Eastown’s highest point, Wist Al-Balad’s walkways, caf�s, lounges, restaurants and hotels will hum with activity day and night.

Enjoy life every way you want.

Commercial & retail Plaza - Concept design by The Jerde Partnership, UsA

Eastown’s caf�s, lounges, restaurants

and hotels will buzz with activity day and night.

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Page 14: Eastown Brochure

Founded by Habib debbs in 1991 in Paris and Beirut, UrBi are a group of planners and architects responsible for projects in lebanon, saudi Arabia, France and beyond. They specialise in cultural heritage and urban development schemes which take into account the social, economic and ecological impact. debbs is the primary urban planner for Eastown as well as the architect for the Wist Al-Balad neighbourhood.

UrBi, lebanon

Founded in 1980, the architectural practice AAA has worked in lebanon, Algeria, Egypt, syria, UAE, and Ghana. They specialise in urban design, residential architecture, hotels, and educational institutes. AAA has developed a small scale commercial building for multiple tenants, along route 90 in Eastown.

Jacques liger Belair & Jean Pierre Megarbane (AAA), lebanon

Based in Boston, Massachusetts, Machado & silvetti Associates have over 20 years of experience in architecture and urban design. They have worked on projects ranging from museums to residential buildings, and are recipients of numerous awards, including the first-ever Award in Architecture from the American Academy of Arts and letters, as well as exhibitors at the Venice Biennale. They have designed the gateway complex for Eastown, adjacent to the AUC campus, that includes a high rise hotel and several office and residential buildings.

Machado & silvetti, UsA

Kevin dash Architects have been involved in many Middle Eastern projects over the last decade and are considered contextual yet contemporary. dash designed one of the core retail complexes that is organised on a sinuous network of streets that takes inspiration from Mediterranean souks.

Kevin dash, UK/Australia

Nabil Gholam was a senior partner at ricardo Boller’s Taller de Arquitectura. After seven years working in France, spain, China and the United states he set up NG Architecture & Planning in Beirut in 1994 and in Barcelona in 2006. Gholam has designed several residential buildings that open onto the Green spine.

Nabil Gholam, lebanon

The Jerde Partnership, based in Venice, California, is best known for innovative mall design and “experience architecture.” Examples of their work include the Mall of America in Bloomington, Minnesota, the Bellagio Hotel & Casino in las Vegas, the Zlote Terasy mall in Poland, and the Core Pacific Mall in Taipei. Jerde projects are highly experiential and provide a sense of leisure and fun while addressing pragmatic requirements seamlessly. The Jerde retail complex is along the activity spine and will be the premiere retail venue of the region.

The Jerde Partnership, UsA

sahel Al Hiyari is the founder of sahel Al Hiyari & Partners in Amman, Jordan. He has lectured in Jordan, Boston, New York, and the UAE. He is responsible for the cultural and leisure centre at the intersection of the residential, commercial, central business district, and Wist Al-Balad of Eastown.

sahel Al Hiyari, Jordan

Fouad Menem, lebanonFouad Menem set up F.M. Consultants in 1994. He has created several residential and commercial complexes throughout the Middle East, Europe, and Central Asia. Fouad Menem has worked on the mixed-use residential/commercial project in Eastown that includes a mix of offices, shops and residential apartments in a two block configuration.

serail Hill, lebanon

dalal residential building, lebanon

Commercial building, lebanon

Hassayampa Academic Village, UsA

House in Adma, lebanon

Ayla oasis, Jordan

Zlote Terasy, Poland

residential complex, Beirut

Concept design of mixed-use complex, Eastown

Concept design of commercial building, Eastown

Concept design of retail and leisure complex, Eastown

Concept design of commercial area, Eastown

residential concept design, Eastown

Cultural and leisure Centre, Eastown

Galleria Mall, Eastown

Aerial view of Wist Al-Balad, Eastown

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WorKiNG wIth thE bESt aRChItECtS sodiC and solidErE international have partnered with award-winning

architects and master-planners from around the world.

Page 15: Eastown Brochure

At Eastown we’ve designed and tested the water supply, electricity, roads, construction and communications systems to offer reliable service, conserve energy and preserve natural resources, day in and day out, for generations to come.

Master-planners, engineers and architects have paid rigorous attention to the arteries and backbones of life in Eastown. intersections have been designed so that cars, cyclers and pedestrians can move freely. Grey water will be recycled and used to irrigate the lawns and parks. Pavements have been widened, landscaped and furnished with benches.

Provisions for a Wi-Fi network and mobile hubs have been made. if another technology comes along that makes businesses more efficient, we’ll install it.

leveraging the expertise of sodiC and solidErE international’s engineers for infrastructure planning, we have anticipated challenges and devised strategies for every aspect of Eastown’s life.

infrastructure is a bit like waitressing. if done correctly you don’t notice it. it’s only when things go wrong that your life is disrupted.

As well as being experienced developers and planners, sodiC and solidErE international are also the property managers in Eastown.

so you’ll just have one port of call, whether you need a new office or simply someone to fix the slide in the playground. We’ll look after the landscaping, the lifts, the parking, the CCTV; everything in fact, down to new initiatives to save energy.

We have a computerised maintenance management system to track every job and provide an up-to-date assessment of progress. We’ll also do our best to minimise disruption when any works are carried out.

As for sales and rentals, you simply tell us your requirements; residential, retail or commercial, and we’ll explain all the options, from buying to lease, and leasing to buy. We’ll provide every kind of assistance through the contractual process to make it simple and straightforward.

Thanks to our partnership with solidErE international we can offer a comprehensive approach to maintenance and after-sales care. our property management teams will look after:

We’ll do what we do best so you can do what you do best.

office, residential and retail spaces

Underground parking

infrastructure networks

landscaped open spaces

Marketing, sales and renting of units

Concierge services

Telecommunication systems and cabling

CCTV and MATV systems

Fire fighting and life safety systems

district cooling and heating

on call maintenance

Full handicapped accessibility

iNFrAsTrUCTUrE & ProPErTY MANAGEMENT takE It FOR GRaNtED

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Page 16: Eastown Brochure

sodiC ANd solidErE iNTErNATioNAl

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in a word, reassurance.incorporated in 1996, sodiC is one of the most admired companies in Egypt. As one of the country’s leading real estate companies our goal is to transform the way people live and work. We are committed to diversifying our products to reach different segments in the Egyptian market and provide solutions for unmet and emerging demand in the real estate market. Currently we are developing a large number of Egypt’s largest and most exciting projects in the most lucrative real estate sectors. in addition to delivering value to customers and shareholders, we want our developments to help people realise their aspirations and transform the way they live and work. We invest in developments that are viable, environmentally conscious and built to the most stringent of international standards. To achieve this goal, we employ Egypt’s top talent and work alongside leading local and international architects, consultants, management companies and co-developers. sodiC is a publicly traded company on the Cairo stock Exchange, ticker symbol oCdi.

solidErE international is an award-winning lebanese real estate development company, trading on the Beirut, dubai and london stock Exchanges. solidErE international established its reputation with the 14-year reconstruction, development and management of Beirut’s historic Central district. They are also responsible for the development of Beirut souks, the Beirut Marina and a host of high-end residential and commercial developments. outside lebanon, solidErE international is undertaking projects in the UAE, saudi Arabia, Qatar, Algeria, Turkey, Portugal and elsewhere in the Mediterranean. solidErE international’s expertise in inner city-making, city regeneration and mixed-use urban development make them sodiC’s ideal partner for the development of Eastown and Westown.

Photo of Eastown model

Page 17: Eastown Brochure

land use split residential 34%

Commercial 30% retail & Entertainment 30%

Hospitality 6%

AT A GLaNCE

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auc campus

road 90

auc campus

road 90

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0 100 500m

The plan highlights the various densities within Eastown. The residential neighbourhoods are in less dense areas; whereas the more vibrant neighbourhoods, such as Wist Al-Balad, are in higher density areas.

BUildiNG dENsiTY

BUildiNG dENsiTY

low density

Medium density

High density

Pedestrian high street

Green walkway

31% of Eastown’s land area is built up. The remaining 69% is comprised of parks, gardens and public areas.

lANdsCAPiNG

lANdsCAPE PlAN

Perimeter green areas

interior green areas

Public green areas

Pedestrian high-street

Parks

Green walkway

bua figures represent the minimum government approved eastown master-plan.

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0 100 500m

Estimated Total investment: EGP 10 Billion Project Area: 857,963 square Metres Total Built Up Area (BUA): 1,125,054 square Metres Gross Floor Area ratio (FAr): 1.3

Projected Population: 25,000

Projected Population density: 310 Persons/Ha Green And Public spaces: 69% of Total Project Area Projected Catchment: 2.5 Million Population in radius of 15km. Number of Neighbourhoods: 5

General information

Page 18: Eastown Brochure

Total BUA: Around 382,611 square Metres Number of Units: Around 1,900

Average Unit size: 200 square Metres Number of residents: 8,000 (Average 4 Per Unit)

residential 34%

Total BUA: Around 332,101 square Metres Number of Units: over 1,660

Average Unit size: 200 square Metres Number of office Employees: suitable For over 10,000

Commercial 30%

Total BUA: Around 338,657 square Metres Number of outlets: Around 2,110

Anchor Mall: 150,000 square Metres/1,000 outlets High street: 50,000 square Metres/300 outlets Average Unit size: 160 square Metres

retail & Entertainment 30%

Hotels: Up To 5 Hotels rooms: over 800 rooms & serviced Apartments

Hospitality 6%

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auc campus

road 90

Eastown is a large project and as such detailed construction phasing plans have been put in place.There are three main building phases.

PHAsiNG PlAN

Phasing plan

Phase 1

Phase 2

Phase 3

date: 22nd June

Time: 17:00

insolation studies have been carried out to determine the optimum positions for buildings and roads. The buildings around Eastown’s Central Pedestrian Boulevard are positioned to provide maximum shading during the summer months. Thus allowing residents, shoppers and pedestrians alike to enjoy the outdoor high street experience.

sHAdoW sTUdiEsAT A GLaNCE

auc campus

road 90

bua figures represent the minimum government approved eastown master-plan.

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0 100 500m

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0 100 500m

Page 19: Eastown Brochure

this document includes forward-looking statements. the words “believe”, “anticipate”, “expect”, “intend”, “aim”, “plan”, “predict”, “continue”, “positioned”, “may”, “will”, “should”, “shall”, “risk”, and other similar expressions that are predictions of or indicate future events and future trends identify forward-looking statements. these forward-looking statements include all matters that are not historical facts. in particular, the statement regarding strategy and other future events or prospects are forward-looking statements. recipients of this document should not place undue reliance on forward-looking statements because they involve known or unknown risks, uncertainties and other factors that are in many cases beyond the control of the company. by their nature, forward-looking statements and projections involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. forward-looking statements are not guarantees of future performance and the company’s actual results of operations, financial condition and liquidity, and the development of the industry in which the company operates may differ materially from those made in or suggested by the forward-looking statements contained in this document. the cautionary statements set forth above should be considered in connection with any subsequent written or oral forward-looking statements that the company, or persons acting on its behalf may issue. various factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including world-wide economic trends, the economic and political climate of egypt, the middle-east and changes in business strategy and various other factors. all information contained in this document, including but not limited to information related to the egyptian real-estate and financial markets, are compiled from sources known to be reliable and or publicly available data reasonably assumed to be accurate (the “source data”). the source data may contain errors and or inaccuracies; sodic provides no warantes or guarantees of any kind, expressed or implied, and accept no responsibility, with regard to the accuracy, completeness or correctness of the source data used in the document. this disclaimer is to be considered an integral part of the document and sodic’s liability in respect of this document and is to be governed by egyptian law under the jurisdiction of egyptian courts.