Zodiac Development contracts with YBA, INMA to manage New Capital's Mizar project

Company eyes Egyptian market expansion, directs new investments in line with state's directions, says Hassan Hassanein

Zodiac Development has announced that it has contracted with a number of major consulting companies in the Egyptian market.
The move will see the contracted companies manage, carry out, and supervise engineering and architectural designs at the Mizar project, the company's first project in the New Administrative Capital (NAC).
In a press conference, the company revealed that it had contracted with YBA Architects to take over supervising the implementation of all engineering and architectural designs at Mizar. This will see a distinguished real estate product provided through the project.
Zodiac Development has also contracted with INMA Developments, a subsidiary of Genena Group, to manage and operate the project.
Company Chairperson Hassan Hassanein said that Zodiac Development is seeking to contract with a number of successful partners who have experience in the Egyptian market. This will comply with the company's plans to expand in the NAC, and provide products with highest quality.
Hassanein added that the Mizar project is located on 2,650 sqm, with a built-up area of 16,500 sqm that is comprised of commercial, administrative, and medical units. The 13-storey project is being developed with investments amounting to EGP 400m.
He said that the company's total investment in the market amounted to EGP 5bn, and there are plans to increase it in the first quarter (Q1) of 2022.
"The company has a distinguished business record in the Egyptian market, especially in the downtown area, through the implementation and development of residential towers, and commercial and administrative malls, namely the Tseppas MG Mall," Hassanein said, "There is also the development and operation of Sednawy mall with an investment cost worth EGP 80m."
He added, "Moreover, the company took care of preserving the historical character of the mall during the renovation process, as the building was designed by the designer of the Eiffel Tower in Paris."
For his part, Zodiac Development CCO Ahmed Fares said that the company is heading to expand and direct new investments in fourth-generation cities. This comes in line with the state's plans for urban development, whether in the NAC, New Alamein, or New Cairo. It aims to undertake this expansion through commercial, administrative, medical, and residential projects.
The company's Sales Director, Adham Hamad, said that the project represents a golden investment opportunity for those wishing to invest in property.
He explained that Zodiac Development offers various payment systems to customers to suit their different needs and capabilities, starting from 10% down payment and a payment plan of up to eight years.