Ontario Developments launches its first project at the New Administrative Capital (NAC), Maple Business Complex, with investments exceeding EGP 500 mn, Invest -Gate reports.
Ontario Developments Vice Chairman Mahmoud Hamed confirms that the Maple Business Complex is a medical, administrative and commercial complex located in the downtown area, spanning over 2,680 sqm and encompassing 300 units. The project is characterized by a unique location near the Ministries Districts and the Monorail. The project consists of 14 floors, three basements and a three-floor garage.
He further adds that implementation work is scheduled to start in January 2022, pointing out that the company has contracted with major construction companies to start implementing the project and finish it ahead of schedule.
Besides, he indicates that the project enjoys Canadian precision in engineering and construction designs through cooperation with one of the largest international and Canadian consulting offices “RWDI”, which contributed to the construction of Burj Khalifa and Monas Tower.
Moreover, he clarifies that the management and operation process will be assigned to a mega Canadian company, highlighting that Ontario Developments has an expansion plan in NAC that exceeds EGP 2 bn.
For his part, Osama Mansour, chairman of Ontario Developments, states that the company aims to implement a series of projects, specializing in commercial, administrative and medical activities in NAC, where the company owns a large land portfolio.
In view of the details of the project, Mansour reveals that the first and second floors of it are allocated for commercial activity. Meanwhile, the third and fourth floors are allocated for medical activity, while the floors from the fifth to the fourteenth floor are allocated for administrative activity.
Regarding amenities and entertainment, Ibrahim Hassan, CEO of the company, comments that the project includes a garage with a mechanical system for cars with automatic doors as well as panoramic elevators. He further explains that the technology is progressing in the design work to reduce the use of electricity, as well as providing it with modern fire-resistant systems.
Additionally, he declares that the state’s policy has been taken into account in the process of recycling waste and water from the building to save resources.
For his part, Ontario’s Managing Director Gamal El-Din Bassiouny remarks that Ontario Developments is an Egyptian company based on Canadian experience in structural and architectural engineering, with long experience in several Arab and foreign countries.