Continuing its success in its previous projects, Contact Developments company announces its third project “Cayo Mall” in the NAC, Invest-Gate reports.

Ahmed Fekry, Contact Developments’ chairman, says that the project is an integrated commercial mall and is characterized by a vital location, as it is located in the promenade and marketing area in the heart of the Down Town in front of Almasa Hotel.

Also, he reveals that the project area is 7100 sqm on two distinct facades, as the main facade is 110 meters wide and the other is on an axis of 70 meters and the main walkway to this area is 40k meters.

Fikry adds that the project’s investment volume is estimated at EGP 1.3bn, pointing out that the project includes units of various sizes, starting from 35 sqm and up to 200 meters.

For his part, Khaled El Seyoufi, the managing director of the company, says that the project is an extension of the company’s series in the NAC and reflects the success of the Egyptian real estate market in attracting local and foreign investors.

He adds that the project consists of a ground floor and 4 floors, and it is scheduled to be ready for delivery within 3 years, noting that excavation works have been completed and preparations for construction work are underway.

Moreover, El Seyoufi points out that the project includes the largest food court in Downtown with an open area estimated at 2,200 meters.

He explains that “Contact” aims to increase the volume of its investments in the NAC by 400% during 2023, emphasizing the company’s insistence to contract with major local and international consulting companies to benefit from their expertise, which has already been achieved by contracting with “DMA” design and engineering consultant office for the project and the giant “SAMCO” contracting company.