Marota Developments has announced that construction has begun at its Mastro project, located in a distinct area of the New Administrative Capital’s (NAC) Downtown.
COO Ashraf Diaa said that the company has chosen a prime location for its first project in the NAC, as it will serve as a gateway to entertainment and promenades in the major national project.
At a press conference, Diaa added that Mastro is located in the only area designated for retail, restaurants, and entertainment in the Downtown area.
Spanning over 5,250 sqm, Mastro is a commercial mall comprised of a ground floor and five storeys. It features a built up area of 9,446 sqm, in addition to a car park spanning more than 10,000 sqm.
He added that Marota Developments has also contracted with the French operator, Business Concierge, which specialises in determining financial studies and commercial specialisations for the project. This is alongside co-operation with a strong Egyptian company specialised in field of technology, which will be announced soon.
For his part, Head of Projects Management Waleed Selim said that Marota Developments began excavation work on the project before marketing it, which reflects the company’s strong financial solvency.
Selim added, “It is planned to start the project delivery within three and a half years, but the company aims to deliver the project six months ahead of schedule, depending on the time schedule that has been set, in addition to the speedy provision of the necessary services required by customers.”
Furthermore, Ahmed Samir, Head of Sales and Marketing at Marota Developments, said that the company has a distinctive and comprehensive selling plan to market the mall and deliver it to target customers.
This is in addition to offering various and flexible payment plans commensurate with customers’ purchasing powers, with down payments starting from 0% and going up to 15%.
