Menassat Developments has announced the key features of its investment plan for 2026, confirming that the current year represents an exceptional phase in the company’s journey, supported by rising construction rates across its projects in the New Capital, alongside preparations to launch a new payment program offering unprecedented deals and facilities in the real estate market, Invest-Gate reports.
Strong Construction Progress at Podia Tower Enhances Investment Value
Eng. Ahmed Amin Massoud, Chairman of Menassat Developments, stated that the company operates under a clear investment vision based on selecting the right timing and location as two fundamental elements in maximizing investment value.
This approach has been directly reflected in the Podia project, which was planned as early as 2021 based on an early reading of the future of the New Capital.
He added that the company has successfully completed 80% of the concrete structure of Podia Tower in a record time. The project represents a true translation of the company’s long-term vision, as it invested early in the project’s location within the tourist promenade overlooking the Green River before the completion of infrastructure. This decision has proven successful today with the actual operation of the monorail and the emergence of the Masjid Misr Station as a key mobility hub in the area.
He pointed out that the project enjoys a distinctive strategic location overlooking Masjid Misr, the Green River, People’s Square, the House of Representatives, and the main cathedral, in addition to its proximity to the monorail station.
This enhances its investment appeal and reinforces its position among the most prominent projects in the New Capital.
Massoud confirmed that Podia has become one of the main landmarks of the tourist promenade in the New Capital, especially with the development of smart transportation systems and the operation of the monorail.
This contributes to higher occupancy rates and increases the investment value of the units. He noted that the company has completed around 24 floors of the project so far, achieving 80% completion of the concrete structure according to the highest quality standards, with accelerated construction rates and full adherence to timelines.
He added: “What we are witnessing today at Podia is a true reflection of the philosophy of investing in the right place at the right time, where vision has transformed into a tangible reality that reflects the strength of the location and the integration of the project’s components.”
He explained that the project’s investment value is not only based on its location but also extends to its execution system and strategic partnerships. The company is collaborating with Pinnacle for project management, Solid as the main contractor for the concrete structure, and Vodafone as the technology partner responsible for managing the project’s smart infrastructure.
Menassat Developments has also contracted with Al Etizam Group from the UAE to manage Podia, one of the leading asset management companies in the region, which oversees major projects including Al Mouj Muscat in Oman, Index Tower in Dubai, and several landmark towers in Abu Dhabi.
Eclipse Nears Delivery and New Flexible Payment Plan to Be Launched
He further noted that the company continues to execute its five projects in the New Capital and New Cairo’s Fifth Settlement at an accelerated pace, alongside nearing the delivery of Eclipse, whose concrete structure has been completed 100%, with approximately 80% of façade works finished.
He revealed that the company is preparing to launch a new payment program in the coming period during a major event.
The program will include flexible payment plans and exceptional offers aimed at supporting clients and enhancing investment opportunities, particularly in Podia, which is witnessing increasing demand.