Aswaq Developments announced it is entering the final phase of construction on Arena Mall in Shorouk City, with over 90% of the project completed, Invest-Gate reports.

The company has begun exterior finishing works and launched a new release of commercial, administrative, and medical units within the development.

Moamen Rehan, Chairman of Aswaq Developments, stated that the project is strategically located directly across from the French University in Shorouk City and features a dedicated recreational and service zone. He added that newly released units offer a 10% rental return and are available for immediate handover, with competitive pricing for cash buyers.

Rehan noted that Arena Mall is designed to be a fully integrated development that caters to the needs of target clients. He confirmed the company has introduced flexible and competitive payment plans aimed at attracting investors seeking high-return opportunities.

He also highlighted Aswaq Developments’ extensive experience, built over two decades in real estate, with a portfolio of more than 15 projects across East Cairo and the North Coast. The company has gained the trust of over 400 clients, with total investments exceeding EGP 3 bn.

Rehan concluded by reaffirming the company’s commitment to quality through close supervision of each development phase, ensuring delivery standards remain high through a skilled and experienced team.