Maqam for Urban Development has unveiled its Optima Business Complex project in the New Administrative Capital (NAC), with targeted sales totaling approximately EGP 500 mn, Invest-Gate reports.
The company’s Chairman, Sherif Salem, highlighted the significance of the new capital in Egypt’s urban development, citing its selection as the launch site for this project.
He clarified that the project, funded internally, relies on the company’s robust shareholder structure comprising seasoned experts in real estate. Additionally, the company maintains a flexible financial policy to adapt to market conditions while achieving a balance between revenue and project implementation.
Salem emphasized the investment appeal of the Downtown area, near the government district, and expects increased demand for administrative offices following the inauguration of industrial cities in the NAC.
Maqam for Urban Development Company plans further expansion, including negotiations for a residential project in the capital and a tourist project on the North Coast.
Osama El-Gendi, Maqam’s Head of Sales, explained that the project is located strategically in the Downtown’s MU-46 area on 2,400 sqm. Also, the 13-floor project comprises 32 commercial units, with an average area of 45 sqm per unit, and 157 administrative units, with an average area of 45 sqm per unit.
The project is set for delivery in January 2026, aligning with the company’s commitment to high-quality standards. Marketing efforts target both domestic and international customers, taking advantage of the Administrative Capital’s global city status and the project’s excellence.
Amr Mostafa, Executive Director of DMA Design and Engineering Consultations, underlined the significance of their collaboration on this iconic Downtown project, emphasizing the office’s commitment to providing top-notch engineering consultations.