Housing and Development Properties (HDP), the real estate arm of Housing and Development Bank, has signed a cooperation agreement with Rowad Modern Engineering to execute the “Terrace Plaza – Clinics” project in Sheikh Zayed City, Invest-Gate reports.

Spanning 10,500 sqm in West Cairo, the project includes two basement floors for parking, a ground floor for retail spaces, and three upper floors for administrative and medical units. With a total investment of EGP 1.1 bn, the project aims to deliver an integrated destination combining modern design, functionality, and sustainability, meeting the evolving needs of clients and enhancing quality of life.

Commenting on the agreement, Eng. Amgad Hassanein, Vice Chairman of HDP, stated: “This partnership marks an important step in developing a comprehensive commercial and administrative project that elevates living standards. We chose Rowad Modern Engineering for its extensive experience and proven track record in delivering large-scale projects with the highest quality standards.”

From his side, Eng. Mohamed Mohleb, CEO and Managing Director of Rowad Modern Engineering, added: “This collaboration reflects our shared vision for creating integrated urban projects characterized by innovation and excellence. ‘Terrace Plaza – Clinics’ embodies this vision through its contemporary design, prime location, and comprehensive facilities that ensure a high-quality and sustainable experience.”

Strategically located near the 26th of July and Dahshour corridors, the project enjoys proximity to major landmarks such as Mall of Arabia, Arkan Plaza, Nile University, and leading hospitals. It is designed to offer a modern lifestyle with a variety of leisure and business amenities within an integrated environment.

Founded in 2022, HDP has quickly established itself as one of Egypt’s leading real estate developers, with ten landmark projects across East and West Cairo and the North Coast. Meanwhile, Rowad Modern Engineering, with over 25 years of expertise, has executed major projects across the Middle East and Africa, including the “Tahya Misr 1” container terminal in Damietta Port and the Benban Solar Park in Aswan.