Marota Developments announces that the construction work has begun at its Mastro project, located in a distinct area of the New Administrative Capital’s (NAC) downtown area, Invest-Gate reports.

Ashraf Diaa, COO of the company, states that Mastro is located in the only area designated for retail, restaurants, and entertainment in the downtown area, which ensures that the project’s location, idea, and design boast distinguished elements that support its ability to compete in the downtown area.

It’s noteworthy that Mastro is a commercial mall, spanning over 5,250 sqm, comprised of a ground floor and five storeys. It features a built-up area of 9,446 sqm, in addition to a car park spanning more than 10,000 sqm.

Diaa highlights that Marota Developments was established about a year ago, and purchased the Mastro project’s plot of land last August. “The company has cooperated with a number of distinguished success partners in several specializations of the project so far, in order to achieve a balance between the project’s aesthetic advantages and distinctive external design, besides the internal operational functions of the project to ensure the success and excellence of the internal operators,” Diaa clarifies.

Moreover, Diaa declares, “The company chose international consultant office Raef Fahmi Architects, who is one of the innovators in architectural and engineering field, to play the role of the engineering consultant for the Mastro mall,” adding that “Raef Fahmi expressed his appreciation for the uniqueness of the project’s location and the proportion of its activity to the area in which it is located, which contributes to the implementation of a project that will be an icon for the area.”

Furthermore, the company has contracted with the French operator, Business Concierge, specialized in financial studies and commercial specializations for the project, in addition to a strong Egyptian company, specialized in the field of technology will be announced soon; as well as a company focused on developing an internal calendar for the mall was contracted to ensure the existence of various recreational activities throughout the year.

For his part, Head of Projects Management Waleed Selim indicates that the company has begun excavation work on the project before marketing it, which reflects the company’s strong financial solvency, adding, “It is planned to start the project delivery within three and a half years, but the company aims to deliver the project six months ahead of schedule.”

Furthermore, Ahmed Samir, head of sales and marketing at Marota Developments, points out that the company is offering various and flexible payment plans commensurate with customers’ purchasing powers, with down payments starting from 0% and going up to 15%.

Based on market studies carried out by Marota Developments, the unit sizes at the mall were determined, in addition to providing 850 sqm vacant spaces on the fourth and fifth storeys. This allows unit owners to benefit from additional external space, as the company aims to make the customer’s visit to the mall a different and distinctive entertainment trip.

In conclusion, Samir highlights that the company has a plan for continuous modernization inside the mall to keep pace with the constantly required technological and operational developments.