Maalem Group has unveiled an integrated expansion strategy aimed at executing significant ventures, notably the Malaga project spanning 105 feddans in the prestigious locale of Sidi Abdel Rahman on the North Coast, with investments close to EGP 20 bn, Invest-Gate reports.
The group introduced its latest project, Malaga, during a press conference attended by company leaders and success partners, including senior planning, marketing, and project management consultants, alongside public figures and media professionals.
Abdallah Anwar, Chairman of Maalem Group, highlighted the company’s commitment to aligning projects with the state’s developmental and construction strategies. Reflecting the burgeoning interest in developing the North Coast region, the company has earmarked the North Coast as its forthcoming expansion destination, with plans for project commencement in 2025.
Anwar emphasized the project’s exceptional positioning, situated equidistant between the Hacienda and Marassi Sidi Abdel Rahman projects at kilometer 124, boasting a 500-m frontage on the Alexandria-Matrouh Road and a 900-m depth on the Wadi El Natrun-Sidi Abdel Rahman Road. This multifaceted development encompasses residential, commercial, recreational, and service-oriented elements.
Anwar noted that Maalem Group’s approach revolves around engaging top-tier consultants across various domains to deliver innovative products that enrich the Egyptian market. Noteworthy collaborations include partnering with leading design firm Innovation, engineering and development consultancy by Positive Magnets, and the enlistment of renowned marketing and real estate advisory firms in Egypt, namely Coldwell Banker, The Board Consulting, and New Avenue Real Estate Consultancy.
Furthermore, the project, designed in a Spanish architectural style, aims to replicate the charm of picturesque coastal Spanish cities.
Hussein Hassan, CEO of Maalem Group, emphasized the company’s commitment to selecting distinguished project locations and conducting thorough market studies with the guidance of seasoned consultants. He highlighted that the Malaga project will be offered at competitive prices, coupled with amenities tailored to meet customer preferences.
Hassan also expressed the company’s commitment to maintaining a low building density within the project, ensuring it does not surpass 13% of the total land area. Emphasis was placed on maximizing green spaces, landscapes, and water features. The project comprises approximately 1,800 units, featuring a diverse array of villas and chalets, with a strong focus on offering customers ample privacy.