Radix receive the ministerial decision for “Ray Residence” project

Radix Development completed its successes in 2023 with latest project in the New Administrative Capital, Ray Residence project, in the Administrative Capital in R8 district.

This year, Radix witnessed many events and participated in local and international real estate and investment event, but the most notable achievement at the end of 2023 was obtaining the ministerial decision for, Ray Residence project, in the New Administrative Capital. 

This proves Radix efficiency in planning its project through an ambitious strategic plan to reach the ranks of the leading companies in the Egyptian and regional real estate sector.

 Achieve needs of all its residents

Ray Residence Compound project is one of the most distinguished residential projects designed in the R8 district. It covers a district of 27 acres and is an integrated urban residential project in the R-8 district.

  Ray Residence meets needs of all its residents, and provides them with all services with distinctive designs based on the three basic standards: Smart – Green – Sustainable, out of the company’s belief in the important role that the real estate sector represents by directly influencing the standards of providing advanced environmental solutions that are reflected in its residents.

Radix combines architectural planning and environmentally friendly smart solutions technology to provide advanced operating solutions that are compatible with global operating systems, in order to attract customers, as these smart solutions aim to preserve the environment, rationalize energy consumption, and provide distinguished services to its residents.

Cooperate with largest consultants

Among Radix goals this year is to cooperate with largest consultants, entities, and expert houses to achieve highest level of quality and planning, and highest investment returns for all the company clients, and among the most important partners for success is Archrete Engineering Consulting.

The fruitful cooperation of Radix and Archrete contributed to the speedy completion of the ministerial resolution work and obtaining it in a time precedent that is considered the first of its kind for similar projects due to the volume of works and designs planned to be implemented for this project.

Starting construction quickly

Radix not only obtain the ministerial decision this year, but also applied for a permit to start drilling work to confirm that the company goal is to quickly start construction work and to adhere to the project schedule, in loyalty to its customers, who are considered the basic foundation for success and excellence.

Such as what happened in the company's previous project, Agile Business Complex, where construction work is taking place in the Downtown district, despite the economic challenges facing the real estate market during this period of inflation and a rise in the prices of raw materials, building materials, and labor, which did not stand in the way of achieving the company strategic goals.