iCapital Developments, a prominent entity in the Egyptian real estate market, has unveiled its latest venture, the “Midly Business Complex,” situated in the heart of the Downtown area within the New Administrative Capital (NAC), Invest-Gate reports.

This launch follows a string of successes such as the Cloud 7 and Cloud 8 projects.

Mahmoud Abu El Khair, Chairman of iCapital Developments, elaborated on the company’s trajectory of success, introducing the distinctive “Midley Business Complex.” This project stands out due to its prime location, spanning 2,700 sqm with a construction ratio of up to 30%.

The complex comprises a ground floor and 13 additional floors housing commercial and administrative units. The ground, first, and second floors are designated for commercial purposes, while the upper floors are tailored for fully finished administrative offices.

Mohamed El Iraqi, Vice Chairman of iCapital Developments, emphasized the company’s commitment to selecting strategic project locations. He highlighted the exceptional positioning of the Midly Business Complex within the NAC’s Downtown area, situated at the core of the Western Axis and in close proximity to key amenities like the monorail station, Al-Massa Hotel, the Green River, and tourist towers. Notably, all units boast direct views of the plaza and main street.

The project offers a flexible 10-year payment plan structured with equal installments and a 10% down payment, with deliveries slated over a four-year timeline.

Abu Al-Khair further emphasized a key feature of the project: a loading rate not exceeding 30%, underscoring the project’s commitment to balanced development.

To uphold the highest benchmarks of quality and efficiency, Abu Al-Khair revealed the company’s collaboration with ERA and CFM, subsidiaries of the Orascom Group, to oversee the management and operation of the project in alignment with the latest international standards.