Concrete Developments has unveiled plans to invest EGP 2.5 bn in two new projects located in the prominent area of the Fifth Settlement in New Cairo during 2024, Invest-Gate reports.

Dr. Mohamed El Dweiny, Chief Commercial Officer of Concrete Developments, mentioned that the company has been actively involved in the Fifth Settlement area since 2011, owning over 50 plots of land. Over the years, they have successfully delivered numerous projects, including 15 residential projects in 2023.

Dr. El Dweiny explained that after conducting a thorough market study, Concrete Developments has decided to venture into the development of commercial, administrative, medical centers, and residential compounds this year, catering to the market’s demands.

One of the company’s new projects, C Yard Mall New Cairo, spans approximately 2,000 sqm and comprises a ground floor, a first floor for commercial purposes, a second floor for administrative purposes, and a third floor for medical clinics.

The mall boasts a strategic location, just a few steps away from North 90th Street and Mohamed Naguib Axis. It offers a range of commercial, administrative, and medical spaces.

Dr. El Dweiny emphasized that the project serves a population of over 160,000 people in the surrounding region, which includes five international schools. Each school has a capacity of around 1,300 students, resulting in approximately 6,000 parents, students, and administrators in the vicinity of the project.

Furthermore, he highlighted that Concrete Developments’ second project is situated in the Yasmine Villas area, in close proximity to North 90th Street. Covering an area of 2,000 sqm, the project has been meticulously designed by leading consulting offices to ensure attention to every detail. Additionally, major mall operating companies have been engaged to coordinate all the necessary operational aspects.