ArabFinance: Mazaya Real Estate Development will launch its first project in the New Administrative Capital (NAC) by the fourth quarter of 2021, Al Mal News cited Chairman Mohamed Allam.

Allam said that the companys plan includes increasing the volume of investments in the NAC in the upcoming period.

He added that the company started its activities in 2017, and during this short period, it was able to implement more than 33 residential projects covering New Cairo and Al-Shorouk.

On the other hand, Mohamed Moustafa, The CEO of Mazaya Group, stated that the company aims to provide a different and diversified real estate product to meet all the needs of the real estate sector, including residential, commercial and administrative units.

The companys expansion plan falls in line with Egypts direction towards building new cities within the framework of the states plan towards Egypt 2030.

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