Jawad Developments has announced a partnership with Eltizam Egypt, a leading provider of integrated asset and facilities management services, to manage and operate the Val Plaza Mall in 6th of October City, west Cairo, as the project moves toward its operational phase in the first half of next year, Invest-Gate.
Commenting on the agreement, Dr. Adel Abdel Jawad, Chairman of Jawad Developments, said: “The project constructions have been fully completed, including all external finishing works, and the company is now moving into the actual operation phase. Partnering with a specialized company with strong expertise in asset management represents a strategic step to ensure the mall is operated professionally from day one.”
Dr. Abdel Jawad added: “This partnership with Eltizam Egypt is intended to optimize the project’s overall value and maximize investment returns for Val Plaza clients, while delivering the highest standards of comfort and safety for visitors. This will be accomplished through the adoption of advanced operational practices and modern management systems aligned with the evolving needs of the real estate market.”
Val Plaza is being developed on a total area of approximately 6,250 sqm and comprises 285 multi-use units, including 100 retail units across the ground and first floors, and 185 administrative and medical units on the second, third, and fourth floors. The project is positioned as an integrated destination offering a wide range of commercial and service properties.
For his part, Eng. Mohamed Essam, CEO of Eltizam Egypt, expressed pride in partnering with Jawad Developments, praising the company’s strong commitment, clear vision, and leading position in the Egyptian real estate market. “This new agreement reflects growing confidence in Eltizam Egypt’s operational capabilities and its leadership in integrated asset management within the Egyptian market,” he said.
Eng. Essam highlighted the company’s recent growth, noting: “Eltizam Egypt has recorded an annual revenue growth rate exceeding 130% and currently manages real estate, administrative, and commercial assets with a total area exceeding 2mn sqm. We oversee more than 8,000 real estate units, maintain a contract portfolio exceeding 120 contracts, and employ over 2,000 specialized professionals across 17 geographic clusters in Egypt.”
Dr. Abdel Jawad emphasized that Val Plaza Mall embodies the company’s vision to respond to current market dynamics by introducing an integrated commercial model characterized by flexibility and operational efficiency. “The mall is designed to meet the needs of investors and brands alike, supporting its long-term sustainability and enhancing its ability to deliver strong and stable investment returns in the coming period,” he concluded.