Afreximbank's efforts in providing Covid-19 vaccines for African countries is supported, Maait    Egypt Petroleum Show 'EGYPS' postponed to February 2022    Production index for transformative, extractive industries rises 2.25% in February    Turkey seeks to restore 'historic unity' with Egyptian people, Sisi    Turkey seeks to restore 'historic unity' with Egyptian people: Erdogan    CPC's governance experience inspirational for developing countries, Arab officials say    CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt's Closing Gender Gap Accelerator    Altibbi launches first Arabic app thriving with reproductive health in Egypt    Egypt's Nile revenue committee discusses water resources management during peak demand    Egypt, US discuss developments of GERD talks    Egypt, Turkey conclude 'frank, in-depth' talks to restore relations    Egypt, Russia sign declaration marking 2021-2022 as year of joint humanitarian exchange    Elneny's Arsenal targets 'remontada' in Europa League semi-finals    Zamalek eye return to victories at expense of Smouha in Egyptian Premier League    Al Ahly face injuries as they take on Al Ittihad Alexandria    German Ambassador to Egypt inspects New Alamein City projects    Manfalout sanitation plant starts trial operation within 38k-cbm-capacity project    Companies have until 15 May to join e-invoice system: Finance Minister    Arab Parliament calls for Ethiopian response to ongoing efforts on GERD crisis    Small businesses inspiring good this Ramadan    BREAKING: Egypt sets new shop hours amid third coronavirus wave fears    There should be a balance between population, economic growth rates: Sisi    Saudi Arabia reveals new archaeological discovery 'older than Egypt Pyramids'    TV show 'COVID-25' tops Egypt's Twitter trends after premiere    Direct flights between Russia and Egypt will resume in June, Ambassador    Alexandria Festival of Francophone Cinema to take place 18-23 June    Egypt sends 30 tonnes of medical supplies to India amid pandemic crisis    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Blinken presses Ethiopia's Abiy to ensure full withdrawal of Eritrean troops from Tigray    Forces opposed to Somali president control parts of Mogadishu    Nine people executed in Egypt over Kerdasa police killings in 2013    UEFA investigating Ibrahimovic's alleged ties to betting company    61 doctors died from coronavirus since start of April: Egypt's medical syndicate    Egypt targets 5.6% inflation rate in FY2020/21, 6% in FY2021/22    Egypt allocates EGP 132 bln to modernise railway system: Transport minister    Real Madrid not thinking about any Super League sanctions: Zidane    Total declares force majeure on Mozambique LNG after attacks    All the winners at the 93rd Academy Awards    Egypt's Ahly granted approval to build new stadium on Cairo outskirts    Aswan Int'l Women's Film Festival dedicates 5th edition to Kawthar Heikal    BREAKING: Egypt's information minister Osama Heikal resigns amid parliamentary criticism    'War was not Egypt's aim, but peace was the ultimate goal,' Sisi says on Sinai Liberation Day anniversary    Factbox: Key nominations for the 2021 Academy Awards    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    Veteran Egyptian journalist Makram Mohamed Ahmed passes away at 86    Allianz Egypt partners with IGNITE to equip brand ambassadors for 2021 Olympics    Hassan Allam consortium wins contract to manage, operate Grand Egyptian Museum    Seasoned Egyptian screenwriter Wahid Hamed dies at 76    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Zaytoun Development begins construction of 2 projects worth EGP 1bn in NAC
Company intends to deliver Inizio, Za Mall projects by 2022 end
Published in Daily News Egypt on 22 - 04 - 2021

Zaytoun Development has signed a partnership contract with Concept for Architecture and Planning (CAP) to act as a consultant for the former's projects.
On the sidelines of the signing ceremony, Zaytoun Development has announced the beginning of construction works at two real estate projects in the New Administrative Capital (NAC), with a total investment exceeding EGP 1bn.
Chairperson of Zaytoun Development, Ahmed Zaytoun, said the company will begin the construction of both projects this month, and that they will be delivered by the end of 2022.
He noted that the first project, Inizio, is located in the Financial District in the NAC. The project comprises medical and administrative units with a total investment cost of EGP 500m. The project's gross sales will exceed 10,000 sqm, with unit spaces ranging between 34 and 1,268 sqm.
As for the second project, Za Mall, it is located in NAC's Downtown area. It is a commercial project with an investment cost of EGP 500m. The project's selling area exceeds 7,000 sqm, with unit spaces ranging between 23 and 1,000 sqm.
Zaytoun expected the market demand will recover and the scope of investments in the NAC will increase in the coming period, in conjunction with the state's plans to transfer ministries and government agencies to the NAC's Government District.
Meanwhile, CAP has completed a wide range of projects in Egypt and the MENA region with a total business value of more than $7bn. CAP has also designed more than 350 projects in 5 countries and 27 different cities.


Clic here to read the story from its source.