Akam Developments Launches the Third Phase of The Scene 7 Project

Akam Developments Launches the Third Phase of The Scene 7 Project

Akam Developments reveals the launch of the third phase of Scene 7, the company’s second project and the first international sports compound in the New Administrative Capital (NAC), which is located in the R7 on an area of ​​40 acres with a total investment of EGP 4.5 bn.Invest- Gate reports.

In this regard, Edris Mohamed, managing director of Akam Developments declares, during a press conference, that the total sales of the first and second phases have recorded EGP 1 bn and EGP 650 mn, adding that the company aims to achieve EGP 890 mn  of sales at the third phase.

Edris remarks that the idea of “SCENE 7” is a summary of the studies of the company’s research center. The project includes a group of the largest international and local sports academies, where there are 11 academies for different sports, in addition to a group of stadiums, private covered halls, main swimming pool, covered pool, sports mall, and commercial mall to serve the entire project.

Edris further adds that the project provides mothers with a specific program to follow up their children as they practice their own exercises via screen, wherever mothers are inside the compound.

Moreover, the project includes a social club, gymnasium, theater, art workshops to discover and develop talents, and a central kitchen, which works according to a schedule for daily meals based on agreement between management and the mothers, in addition to linking the academies to buildings with safe corridors for children to walk.

In a related context, Hesham Kandil, the technical managing director of the company and a member of the board of directors, confirms that the construction rate of the “Scenario” project has reached 65%, with total contractual sales amounting to EGP 3.4 bn so far, and the construction rate of Scene 7 has reached 30%, pointing out that the company plans to pump EGP 1.1 bn into the construction work of the scene7 and Scenario projects during the current year.

It’s noteworthy that the third phase units of Scene 7 will be offered during the Al-Ahram Real Estate Exhibition, which will be held from 29 to 1 August, with exclusive offers and discounts during the days of the exhibition.


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