VAI DEVELOPMENTS announces launching its 2nd project in the NAC “4T1”, in partnership with “CCC” International, Invest-Gate reports.

Mohamed Tarek, General Manager of CCC North Africa, says that CCC is developing real estate projects that ascertain their investment feasibility and verify trust, credibility, excellence and innovation in the project which participates in its development, all of which are available elements in 4T1 project in the NAC, as the company’s first real estate investment in Egypt.

Shehab El Mahdy, CEO of VAI DEVELOPMENTS, explains that the company has invested its success in its first project “4T4”, to launch its second one in a distinguished location in the NAC, explaining that 4T1 project is a hotel commercial project, where Arabella Plaza is operating the commercial part of it, and negotiations are underway with an operator for the hotel part.

Mahmoud Abdeen, VAI DEVELOPMENTS Managing Director, says, “the initial approval for 4T1 project was obtained, and final approvals for 4T4 project are about to be obtained, which the company launched at the end of last year in the NAC, as is a commercial, administrative, medical project that includes 9,000 meters, of sales areas, assuring that the company aims to deliver the project ahead of schedule, as the company has completed excavation work and started construction of the project.”