Slvr Communities kicks off operations with its first project, RVR, spanning 2,000 sqm in New Cairo
Slvr Communities has officially entered Egypt’s real estate market, unveiling an ambitious plan to invest EGP 30bn over the next five years. This strategy highlights the company’s strong financial foundation and deep industry expertise, reinforcing its commitment to impactful growth.
Ahmed El-Sweisy, Chairman of Slvr Communities, highlighted Egypt’s ambitious urban development plan, which has created promising investment opportunities and fostered the rise of strong real estate players.
El-Sweisy said that Slvr Communities is committed to making a significant impact in the sector within a short timeframe.
He added, “Believing in the Egyptian government’s ambitious vision for urban development, we established Slvr Communities to contribute to this transformation. Our aim is to develop integrated projects that complement state initiatives while fulfilling the diverse needs of customers across residential and investment sectors.”
He further stated that Slvr Communities boasts a robust land bank, reinforcing its position as a key player in the Egyptian market. The company owns three land plots in different locations across New Cairo and plans to launch three projects in 2025. These include a residential development in the Sixth Settlement, a 3,200-sqm commercial, administrative, and medical project in the South Academy area, and the RVR project, which is currently being launched.
He noted, “We selected east Cairo for our first three projects in 2025 due to its strong investment potential, the government’s commitment to infrastructure development and service enhancement, and the area’s high occupancy rates, making it a prime destination for both customers and investors.”
Slvr Communities’ chairman explained that the company is currently negotiating to expand its land portfolio in Sheikh Zayed City and a coastal area. Slvr Communities aims to diversify its investment portfolio to meet customer demand for distinctive projects in various locations.
He disclosed that all company projects are self-financed, reflecting its strong financial position, pointed out that the company seeks to expand its projects across different regions, establishing a presence in the largest number of new cities within a short timeframe to meet the growing demand for diverse developments.
The company continuously studies attractive investment opportunities, carefully selecting those that meet the highest standards of quality and excellence for its customers, El-Sweisy concluded.
Mohamed Sabea, Chief Commercial Officer of the company, said that the RVR project is located in the Fifth Settlement of New Cairo, overlooking Gamal Abdel Nasser Axis.
Spanning over 2,000 sqm, the project is a commercial and medical development with a ground floor and four additional floors. The company has strategically selected a prime location for its first project, aiming to introduce an exceptional real estate model that will leave a lasting mark in the Fifth Settlement, Sabea added.
He noted that the company has a clear and structured timeline for the project’s implementation. Excavation and leveling work began in January, with the project set for delivery by 2028. To ensure the highest standards, the company has partnered with leading industry experts, including Hafez Consultants, led by Mohamed Hafez, as the project’s engineering consultant, EHFS for managing and operating the medical units, and GATEWAY as business development consultant—each a well-established entity with a strong track record in its respective field.
He added that the company aims to achieve EGP 6bn in sales during 2025 following the launch of its first project, alongside plans to introduce two more projects within the year. This sales strategy aligns with the company’s execution plan, ensuring timely project completion and delivery to customers while maintaining the highest quality standards.
Eng. Mohamed Hafez, Chairman of Hafez Consultants, emphasized that he meticulously selects projects that complement his firm’s portfolio, ensuring they showcase distinctive architectural and engineering elements.
Leveraging its extensive expertise, the firm enhances these developments, turning them into architectural landmarks. The RVR project, with its prime strategic location, offers an ideal opportunity to craft an innovative and distinctive design, Hafez said.
He added that having a shared vision between the consultancy firm and the project’s developer streamlines the process, fostering creativity and innovation. With both parties committed to achieving an optimal design that aligns with the project’s operational requirements, the results are greatly enhanced. This approach is further reinforced by the early involvement of a dedicated operations management company, as demonstrated by the agreement with EHFS to oversee the project’s management and operations.
For his part, Dr. Mohamed Hesham, Country Director of Facilities and Operations at EHFS, stated that the collaboration with Slvr Communities adds significant value to his company’s portfolio of leading and distinguished projects. It ensures harmony between the architectural consultancy firm and the facilities management company, optimizing the use of the project without compromising the innovative and unique design, even as the project reaches completion. This reflects Slvr Communities’ attention to every detail.
Furthermore, Egyptian singer Mohamed Noor chose Slvr Communities to purchase a unit in their RVR project, becoming one of the company’s key clients in its first real estate venture. This decision was driven by the project’s competitive advantages, including its strategic location, cutting-edge architectural design, and strong financial solvency.
Mohamed Noor said, “I am proud to be one of the first clients to choose the RVR project for investment. It is a promising future investment, located in a pivotal area in New Cairo, making it the ideal choice for me. The team behind Slvr Communities possesses strong expertise and a clear, ambitious vision, which gives me confidence in my investment with them.”
