Akam Developments reveals the launch of the fourth and final phase of Scene 7, the company’s second project and the first global sports compound in the New Administrative Capital (NAC), Invest-Gate reports.

With EGP 4.5bn of investments, Scene 7 is located in the R7 area on an area of ​​40 acres. Akam Developments Managing Director Edris Mohamed says that the fourth phase sales target is estimated at EGP 890 mn, pointing out that Scene 7 encompasses 11 specialized sports academies within a full-service residential community, playgrounds and covered halls, main swimming pool, an indoor swimming pool, the first specialized sports mall, and a commercial one to serve the entire project. He also notes that the project includes green spaces, a social club, a theater, art workshops to discover and develop talents, and a central kitchen.

Akam Developments secured EGP 2.54 bn for the first three phases five months only after the launch of Phase III, according to the company’s press release. The entire project completion rate has exceeded 45% and the delivery of first phase will start in the beginning of 2023. With the launch of Phase IV, Mohamed clarifies that the company currently offers its client a discount for cash payers with a one-year installment plan along with zero down payment and installment plans for up to ten years for all other clients.

SCENE 7 is the result of many market research Akam Developments conducted, analyzing the Egyptian market and clients’ needs, Mohamed concludes.