MARGINS Developments commences the construction at “Zia”, a commercial medical administrative project in the New Administrative Capital (NAC), with investments amounted to EGP 1 bn, Invest-Gate reports.

Zia is located at the entrance of the downtown square and in front of the Al-Massa Hotel and the Central Hospital in NAC. Besides, the group has cooperated with the Emirati giant, EFS Group, which specializes in providing services and facilities management.

Ashraf Shaheen, vice chairman and managing director of MARGINS Developments states that the “Zia” project covers a total area of ​​around 18,000 m. Additionally, the project consists of 176 units, with areas ranging from 24 to 224 sqm.

Shaheen mentions that the price per sqm starts from EGP 24,000 for the administrative and medical segments, and Zia is scheduled for delivery by the end of 2023. He remarks that the company targets offering projects compatible with the consumers’ desires through providing units varying in spaces and prices.

Moreover, Shaheen indicates that ​​Zia’s idea is based on achieving a balance between work environment and psychological comfort, taking into consideration its reflection on the necessary vital activity for better performance. He points out that the company applies the standards of the international organization, “IWBI”, which is concerned with the quality of buildings and its impact on the occupants’ health, in addition to raising the units’ investment returns.

Furthermore, Shaheen explains that the group intends to expand in the real estate and industrial development fields by pumping about EGP 4 bn in new investments in the Egyptian market, in addition to expanding the company’s portfolio of land plots, noting that the group prepares to acquire new spaces in NAC and New Alamein City.

Moreover, Shaheen stresses that NAC maintains 70% of the current existing sales movement in the real estate market, and this is supported by several main factors such as the government’s support for NAC, the establishment of an unprecedented smart infrastructure, and good planning, in addition to the government’s willingness to transfer to the ministries district, which will achieve a real boom in the project’s promotion during the current period.

Shaheen clarifies that the Egyptian market has become an attractive destination for investments, especially after the procedures that the state has done to reinforce the investment climate and the investors.

In a related context, Ramy Mansour, chairman, and CEO of EFS Egypt expresses his pride to work with MARGINS Developments, adds, “We are pleased to seize the opportunity to provide world-class services with the experience we have gained from managing more than 90 projects in Egypt and the Middle East in the field of constructing large residential communities, medical segment, oil and gas sector, banking sector, Industries, education, integrated administrative complexes, retail, and public projects.”