- Dr. Ashraf Dowidar: “The positive response to our efforts encourages us to continue developing and investing in the Egyptian market.”
(Cairo, Egypt) – To increase their investments and meet up with the demand of the Egyptian real estate market, ARDIC for Real Estate Development and Investments is injecting1 billion Egyptian Pounds on their latest project, Zizinia Al Mostakbal.
60% of the residential units in the first and second phases of the compound have been sold out with the expected delivery date in 2020.
Dr.Eng. Ashraf Dowidar, CEO of ARDIC, stated, “The trust our residents have in ARDIC is indicative of our dedication towards developing communities that meet international sustainable design standards and our reputation for honoring delivery dates. We will continue to invest in the future of real estate and will be disbursing 1 billion Egyptian Pounds on Zizinia Al Mostakbal’s phase one and two.”
Zizinia Al Mostakbal is constructed to equip residents for the future through “smart” technologies that connect the entire community. Upon completion, Zizinia Al Mostakbal will be a 70-acre compound housing 1806 residential units that range from 160 to 570 square meters.
The preservation of nature is crucial to the philosophy behind Zizinia Al Mostakbal as the project has allocated 80% of the area to greenery and landscape. The compound will also provide facilities for residents that include recreational, commercial and medical centers as well as a sports area, walkways and bicycle tracks, numerous parks and gardens.
While specializing in private real estate developments, ARDIC’s main interest has always been facilitating positive change in Egypt. The latest project ARDIC has undertook is 310-acres of land in Al Minya in collaboration with the Ministry of Housing, Utilities and Urban Communities, to construct a self-sufficient urban center. An amount of 15 billion Egyptian Pounds was invested in the development and implementation of the project.
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