Enwan Developments has announced the launch of its latest project MARAYA Plaza in the Fifth Settlement district of New Cairo, Invest-Gate reports.

With investments totaling EGP 1 bn, the project covers an area of 2,000 sqm.

Eng. Mohamed Salem, Founder and CEO of Enwan Developments, emphasized that New Cairo is a fully developed city with a high occupancy rate, making it an ideal location for investment and service projects. Additionally, its proximity to the New Administrative Capital (NAC) further boosts demand for housing and investment opportunities.

He explained that the new project comprises two interconnected buildings designated for commercial, administrative, and medical activities, offering a variety of different areas.

Salem highlighted the project’s unique location in the distinguished second sector on Northern 90th Street in the Fifth Settlement. It is situated near the headquarters of major international companies in Egypt.

The project includes a ground floor, six typical floors, and two underground garage floors on a total land area. The project’s footprint is 35%, with the ground and first floors allocated for commercial activities, while the remaining floors are dedicated to medical and administrative purposes.

Enwan Developments has engaged Azure Architects as the engineering consultant and architectural designer for the project due to their extensive experience working on various projects.

The company aims to execute an integrated project that maximizes the advantages of its unique location. Notably, the project will feature comprehensive services, including parking areas, two separate entrances, and an open smoking area.

Salem assured prospective clients that Enwan Developments offers flexible payment systems, starting with a down payment as low as 10%, with the remaining amount payable over suitable periods of up to seven years. These payment systems have been carefully designed to accommodate market fluctuations and cater to the purchasing power of clients.