Egyptian real estate company Ava Mina Group reveals its partnership with El Shams Housing Company and Urbanization (ELSH) to launch Oro New Capital project, Invest-Gate reports.

Shadi Al-Zayat, CCO of Ava Mina Group, uncovers that the Oro New Capital project is scheduled to be launched in the second week of March 2022, pointing out that the project records more than EGP 250 mn of reservations.

“Oro New Capital is a 38-acre project, comprising 26 buildings and 1,580 residential units, with units’ areas varying from 120 to 210 meters. It’s located in R7 and overlooks the investment area and the Embassies District,” he states.

He further explains that the project features a 2,200 sqm shopping mall and a social sports club. This club includes a 5440 sqm-recreational area, a multi-activity playground, a gym, a spa, a kids’ area, a mosque and a nursery.

As for the pricing policy, he points out that the price range starts from EGP 11,000 per meter, with various payment systems of up to ten years.

Moreover, Al-Zayat discloses that this partnership targets EGP 4.5 bn ($286 mn) of sales in Oro New Capital, adding that ACE – Moharram Bakhoum has designed the project.

It’s noteworthy that Ava Mina Group is one of the top manufacturers of marble and granite in the Middle East, which has supplied to the most significant real estate projects in the region, including Burj Khalifa, and Dubai Festival City in the UAE; Kempinski Hotel – Doha in Qatar; Sabah Al-Salem University in Kuwait and King Abdullah University and Princess Nora University in Saudi Arabia.