With investments exceeding 3bln pounds, Mazaya Real Estate Development storms the new administrative capital

The company's plan include increasing the volume of investments in the New Administrative Capital in the upcoming period

With investments exceeding 3bln pounds, Mazaya Real Estate Development storms the new administrative capital

Engineer Mohamed Allam, Chairman of Mazaya Real Estate Developments Group, announced the launch of the company's first project in the New Capital during the last quarter of this year.

The company’s plan include increasing the volume of investments in the New Administrative Capital in the upcoming period.

He added that the company intends to complete its inspiring journey in real estate investment by entering the Administrative Capital market, with investments amounting to 3 billion pounds.

He also pointed out 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 El Shorouk.

On the other hand, Mohamed Mostafa, 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.

Mostafa explained that the company's launch towards the Administrative Capital market comes after a long period of studies and market research, as the company aims, as usual, since the first day of its establishment to make a real boom in the real estate market and provide an addition and value to the real estate product. Unit prices, payment methods, and the presence of real competitive advantages that guarantee the customer the best return on his investment.

On the other hand, Ahmed Mansour, Director of Marketing Department, explained that the expansion plan of the company aims to invest in new cities such as the Administrative Capital, the New Alamein and the New Mansoura, in order to keep pace with the state’s direction towards building new cities within the framework of the state’s plan towards Egypt 2030.

Regarding the selection of the timing of the project launch, Mansour stated that the timing was well studied by the company with the beginning of the transfer of ministries and government agencies to the Administrative Capital, as this contributes to increasing the investment return for the client and leads to an increase in the demand for commercial and administrative units by companies and individuals that seek to benefit from the transfer of ministries and government bodies in the Capital. This also leads to increased reassurance for the investor who wants to see the capital operating normally and receiving thousands of workers and citizens on a daily basis.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases