Mazaya Developments injects investments in NAC

CEO of Mazaya Group, stated that the company aims to provide a different and diversified real estate product

  
Sunset on the Nile river in Cairo, Egypt. Image used for illustrative purpose.

Sunset on the Nile river in Cairo, Egypt. Image used for illustrative purpose.

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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 company’s 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 company’s expansion plan falls in line with Egypt’s direction towards building new cities within the framework of the state’s plan towards Egypt 2030.

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