Latest news with #Aayan
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
Aayan Developments debuts in Egypt with launch of dǎo Towers in New Capital
Aayan Developments has officially announced its entry into the Egyptian real estate market with the launch of its first project, dǎo Towers—a landmark mixed-use high-rise development located in the New Administrative Capital. This debut signals the company's strategic expansion into one of the region's fastest-growing markets. During a press conference, Mohamed Hegazi, Chairman of Aayan Developments, emphasized that the move into Egypt was more than a geographic expansion. 'Entering the Egyptian market was not just an expansion decision — it is part of a long-term strategic commitment to a market we truly believe in. We bring decades of executional expertise from Kuwait and the Gulf, and with dǎo Towers, we aim to deliver a distinct model based on innovation, quality, and structured governance,' he said. Rami Hegazi, CEO of Aayan Developments, elaborated on the selection of plot MU-12 on the Bin Zayed Axis as the location for the company's inaugural project. He explained that this was not a random choice, but the result of thorough market research and a targeted analysis of premium real estate opportunities in the New Administrative Capital, aligning with the company's high standards for project placement and visibility. Meanwhile, Ahmed Hegazi, Executive Director of Aayan, noted that the company's entrance into the Egyptian market came with a full awareness of the scale and complexity of challenges. As a result, Aayan has built its internal infrastructure on a foundation of strong governance, operational resilience, and a clear organizational structure that reflects its ambitious growth trajectory. He highlighted that the company's approach was designed to ensure sustainable expansion and market relevance from day one. To realize its vision, Aayan has engaged with a carefully selected network of top-tier partners across multiple disciplines. These include MTA, led by Mohamed Talaat, for architectural design; ACE (Moharram-Bakhoum) for engineering consultancy; and Al Hosny Consulting, under Osman Ramadan, for structural detailing. The company also collaborated with AWI for strategic business planning and institutional structuring, ETQAN for market research and financial feasibility, AK Consulting for organizational development, and Pragma Innovations for creative design and branding. The company's leadership emphasized that dǎo Towers is more than a flagship development—it represents a paradigm shift in how real estate projects are conceived, executed, and managed. They positioned Aayan as a new kind of developer, one that places methodology, governance, and smart systems at the core of its identity and operations, rather than simply focusing on traditional construction benchmarks. Closing the conference, board members reiterated that dǎo Towers is only the beginning of Aayan's long-term investment in Egypt. They stated that future projects will continue to introduce a new model of real estate development—one rooted in quality, smart transformation, and structured growth, powered by enduring partnerships and deep regional expertise.
Indian Express
03-07-2025
- Indian Express
Three children drown in waterlogged areas in Mohali
Three children reportedly drowned in rainwater in Mohali. While two 11-year-old children reportedly drowned in a rainwater-filled park located in Sector 119, Mohali, evening on Wednesday, one died in Bakarpur village on Thursday. The victims of Sector 119 incident have been identified as Aayan and Aradhya, both residents of the nearby Balongi village. According to eyewitness accounts, the children had gone to play in a GMADA-maintained park that had become waterlogged due to recent rainfall. While playing, they entered a deeper part of the flooded area and were unable to keep themselves afloat. Locals who noticed the incident rushed the children to Phase 6 Government Hospital, where doctors declared both of them dead on arrival. Aayan's father revealed that the pond-like park was at least six-feet deep. He said the children had returned from school and gone out to play, unaware of the danger posed by the accumulated water. 'Even today, cattle were seen bathing in that same park. That tells you how deep the water is,' he added, visibly angry and heartbroken. He also alleged serious negligence by the authorities.'Even after two children died, no GMADA official has visited the site to inspect the situation,' he said. Eyewitnesses reported that Aradhya had slipped into the water first. Ayan, in an attempt to rescue her, jumped in after her but drowned as well. Ayan's father, who rushed to the spot after being alerted by his daughter's phone call, immediately jumped into the water in a desperate effort to save the children. He later expressed outrage at the inaction of bystanders. 'If even one person had stepped in to help, both children would be alive today,' he said. SHO Balongi Kulwant Singh, said that the police team reached the spot and have started an investigation. The bodies were sent for postmortem and a case has been registered. The parents of the children are demanding that authorities are also looking into whether the GMADA's failure to properly maintain or secure the park played a role in the tragedy.
