By Hamed Mahmoud
The Egyptian Developers group announced the launch of its “JAYA Business Complex” project in the New Administrative Capital with targeted sales of about LE1 billion. Occupying a unique location in the Downtown area, the project is the first for the company in the New Capital.
Abdul Rahman Abu Zaid, Board Chairman of the group, said that the project is located on an area of 6,000 square metres and that the sales area of the project is 20,000 square metres. Delivery of the project will be within 3 years of contraction with clients, but the company plans to deliver it before the pre-set time schedule.
He added that the company has an investment plan that guarantees renewable returns to the project customers once they contracted with the company.
“Additionally, the company offers payment plans that starts from 7 years and reaches 13 years with different payment systems to suit all customer strata,” he said, pointing out that the price per square meter starts from LE18, 000.
Abdulaziz Mohammed, General Manager of the group, added that choosing the New Capital to embrace the project is in line with the state’s orientation for developing this promising national project, as well as the presence of distinct investment opportunities there.
He emphasised that the company’s shareholders have experience in the real estate sector extending for more than 18 years in the development of various projects. The shareholder structure also includes investors from the Kingdom of Saudi Arabia who see the Egyptian market as the best investment venue at present.
He said that the company is self-financing its projects thanks to its financial solvency, which enables it to implement the New Capital project without waiting for the sales returns and helps delivering the project before the pre-set timeframe.
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