By Hamed Mahmoud
Marota Development, a real estate developer, has opened the door for reservations in its first project in the Downtown area of the New Administrative Capital, with targeted sale of LE1 billion, a senior company official said.
Chief Operating Officer Ashraf Diaa added that the “Marota” is a partnership between Egyptian businessman Tariq Khalil, who has more than 15 years of experience in real estate development in Egypt and Saudi Arabia, and Syrian businessman Ayman Al-Ghafir, one of the most important contributors to the real estate market in Syria”.
Run on an area of 5.300 metres with a construction rate of 30% for the first floor and 35% for the second, the Marota is a fully commercial projectin the entertainment and shopping corner of Downtown Area, he said, adding that the project design combines the common factors between the Mediterranean countries.
For his part, Ahmed Samir Fouda, head of the commercial sector, unveiled that the project is set to be launched in the next few weeks, emphasising that the project location was carefully chosen, as it is considered the gateway to the entertainment and shopping area. In addition to the design of the garage, which will be “mechanical”, the project will also contain three panoramic elevators. The exterior design of the mall will be impressive and unique.
Moreover, Mohamed Abdel-Hamid, director of marketing, announced that the company has thoroughly studied the market for over seven months to know the actual needs of customers and present a product with the integrated specification.
Abdel Hamid added that the most important characteristic of the project is the longstanding experiences of the company in operating commercial malls with the highest quality and reasonable prices, as well as the company’s financial solvency that enables the company to implement the project with the highest international standards.