FSG Development launches the Palma Mall project in the Down Town area in the heart of the New Administrative Capital, Invest-Gate reports.

The project features administrative and commercial activities. It has a 300-meter façade.

Michael El-Assiouty, Chairman of FSG Developments, says that the Palma Mall project is the beginning of a series of distinguished projects in the NAC, the Fifth Settlement, and New Sheikh Zayed cities.

For his part, Tariq Sabry, Executive Director of FSG Development, notes that the new project is built on an area of 5,500 sqm, with a construction rate of only 30%.

El-Assiouty reveals that the new project consists of a ground floor and 14 recurring floors, and it includes a multi-storey garage equipped with a smart parking system.

The top executive stresses that the company offers flexible payment plans of up to 10 years and a minimum down payment of 5%.