Milstone Developments forms strategic partnership with ACE Moharram.Bakhoum to handle designs for The CORD Business Complex
Milestone Developments has announced a partnership with ACE Moharram.Bakhoum (headed by Prof. Mourad Michel Bakhoum). The firm will serve as the consultant for structural and electromechanical designs of the flagship project, The CORD Business Complex.
This collaboration is part of Milestone Developments’ strategy to enlist top-tier professionals and entities with extensive track records in various fields to ensure the project is executed to the highest standards of efficiency and quality.
The agreement was signed by Mr. Mohamed Fathy, CEO of Milestone Developments, and Prof. Mourad Michel Bakhoum, Vice Chairman of the ACE Moharram.Bakhoum, in the presence of senior officials from both companies.
Commenting on the partnership, Mr. Mohamed Fathy stated that this agreement is a continuation of a series of collaborations with strong success partners for The CORD Business Complex, further enhancing the project’s investment value.
Fathy remarked, “Excellence begins with selecting exceptional success partners with proven expertise, which is why we chose to collaborate with ACE Moharram-Bakhoum. As one of the most respected and renowned engineering consultancy firms in the real estate sector, their involvement marks a significant milestone for our project. Milestone Developments remains committed to partnering with leading consultants across all disciplines to ensure The CORD Business Complex achieves the highest standards and solidifies its position in the market.”
He noted that the partnership with ACE Moharram-Bakhoum encompasses the development of structural designs alongside electromechanical designs, including electrical systems, mechanical works, fire protection, and drainage systems. These critical components play a key role in enhancing the project’s quality and elevating it to a superior level.
He noted that a previous agreement had been signed with Raef Fahmi Architects to handle the project’s designs, as well as with Kerdany Advisory & Development (KAD), which provides a range of services, including preparing the finishing and operating manuals for tenants, managing commercial centers, and supervising service providers.
He disclosed that these partnerships with prominent names enhance the company’s ability to deliver a standout project that elevates the efficiency of the entire area where it is located. The project will serve as a landmark and a significant point of reference in West Cairo, bringing together top-tier companies across various fields.
He elaborated that The CORD Business Complex spans over 5 feddans in a prime location overlooking the 26th of July Corridor, adjacent to Dolphin Mall, and just five minutes away from Mall of Arabia and Sheikh Zayed City. The company prioritizes selecting strategic and dynamic locations for its projects to ensure high occupancy rates and, consequently, the highest return on investment for its clients.
Prof. Mourad Michel Bakhoum, Vice Chairman of ACE Moharram–Bakhoum, expressed his pride in collaborating with Milestone Developments on this distinguished project. He stated, “We are proud to partner with Milestone Developments on this exceptional project, and we promise to deliver the best engineering solutions to ensure the company’s vision of creating a pioneering project that meets the highest standards of quality and efficiency.”
He stated that his company is highly selective when it comes to the real estate entities it partners with and the projects it associates its name with, following a strict set of criteria. These criteria must be met by both the developer and the project, all of which are thoroughly satisfied by Milestone Developments and The CORD Business Complex.
Milestone Developments was founded by Sheikh Zoaar Bin Ayed Al Ajmi and Sheikh Mohammed Zoaar Al Ajmi, who is also a member of the Egyptian-Saudi Business Council, along with Mr. Nagy Ismail, Vice Chairman. The company operates under the umbrella of Areej Al-Khaleej Group in Saudi Arabia and is entirely Saudi-owned. It has been a major player in the Saudi market since 1979 through its subsidiaries, including Al Multaqa Real Estate company and Areej Al-Khaleej car rental company, which has 90 branches across the Kingdom, in addition to Mohamed Bin Zoaar Showrooms in Riyadh and other companies in various fields.
