Eng. Mohamed Allam, Chairman of Mazaya Company, said that providing raw materials for projects on a continuous and sustainable basis, while setting accurate pricing appropriate to the cost and the customer, has become a major challenge facing real estate companies in the recent period, especially since the beginning of the exchange rate movement at the end of 2016, as we have a variable and essential element in any project.
He added during a phone call to the program “Who Built Egypt” with the journalist Marwa Al-Haddad, on Radio Misr In addition to the idea of continuous change in prices, we have another challenge, which is the availability of some types of raw materials due to circumstances related to imports or any exceptional economic circumstance, especially with the global changes that occur significantly, such as wars in the region or outside it or a global epidemic such as Corona and the cessation of movement between countries and other factors that directly affect various economic sectors, including the real estate sector.
He added that these challenges made the engineering study to determine the value of any project necessary, and made developers spend large sums of money on various studies to ensure the completion and continuation of their projects, because there are some commercial and administrative projects on the spot that have already been completed and are facing a problem in operation due to the need for some imported raw materials or spare parts for important equipment.
He stressed that some types of finishes, such as the facades of buildings and shopping centers, despite their prevalence and preference for aesthetic appearance, require a higher operating cost with the operation of the project due to their need for higher cooling, noting that the state, in its buildings in the capital and the government district in particular, has created a kind of balance between stone and glass facades and aesthetic appearance, which is something that the private sector has overlooked Thus, the state was able to preserve the aesthetic appearance of the building while at the same time saving a large percentage of operating costs and improving the efficiency of energy management.
He also explained that reducing the operating cost of projects and ensuring their continuity and the availability of the necessary raw materials, especially after operation, such as basic spare parts and others, is important for any project because the sustainability of the project provides the customer with a lot in the future, and the high operating cost negatively affects the success of projects, so studying all factors, identifying them and choosing the most appropriate is necessary and is no longer part of the luxury for any developer.
