Maqam Misr Developments has unveiled its third project in the New Administrative Capital (NAC), Q CLINICS, with an investment of EGP 1.2 bn, Invest-Gate reports.
This specialized medical investment project, the first of its kind in the area, marks a new milestone in the company’s ongoing success in the NAC.
Eng. Al-Saeed Shaaban, Chairman of Maqam Misr Developments, announced that the Q CLINICS project covers a total area of 3,000 sqm. Strategically located in the NAC’s MU7 district, directly opposite the Central Business District (CBD) of the NAC, the project boasts a prime location.
This specialized medical development offers clinics in various sizes, starting from 40 sqm, alongside commercial spaces designed to complement its healthcare focus. The company has appointed YBA – Yasser Al Beltagy Architects as the project consultant.
Shaaban stated that effective management is a key success factor for any project and essential for preserving its investment value. Therefore, from the very first day of the project, the Emirati Eltizam Group, one of the leading global management firms, was selected to oversee the project’s operations.
He noted that excavation work has already begun, with the project set to officially launch for customers in mid-January.
Additionally, Shaaban highlighted that Maqam Misr has successfully established a leading role and a distinctive real estate presence in the NAC within just two years of its inception. The company has acquired four plots of land in the NAC and launched three projects at varying stages of execution. Moreover, Maqam Misr plans to launch its fourth project during the first quarter of 2025.
He expressed confidence in the NAC as a promising national project characterized by its strategic location and the government’s determination to make it a landmark in the region. This confidence motivated him to invest in projects in the NAC as early as 2017, initially through partnerships with other investors and later through independent projects under Maqam Misr.
Regarding the company’s expansion plans, Eng. Ahmed Al-Saeed Shaaban, CEO of Maqam Misr Developments, stated that the company aims to expand both locally and internationally. Domestically, Maqam Misr plans to invest in a fourth project in the NAC, as well as projects in Sheikh Zayed and the Delta region. Internationally, the company is set to expand into Saudi Arabia.