Engineer Mostafa Gaber, Chairman and Co-Founder of Ovalo Developments (OVALO Development), announced the official entry of the company into the Egyptian real estate market with the launch of its first project, “OVALO Mall” in El Shorouk. The multi-purpose project combines commercial, administrative, and medical spaces, reflecting the company’s vision of delivering smart real estate products that meet modern market demands and provide real investment value, Invest-Gate reports.
Strategic Location in the Heart of El Shorouk
The Chairman stated that OVALO Mall is located in one of El Shorouk’s most prominent areas, directly on Al-Horreya Street, with corner access on Al-Nasr Street and the Central Road, and near the Suez Road. This strategic location ensures high accessibility, strong traffic density serving commercial, medical, and administrative activities, and enhances the project’s success on both investment and operational levels.
Project Details and Areas
Engineer Gaber confirmed that the project covers a total area of 6,400 sqm with a building ratio not exceeding 40%, ensuring open spaces and smooth circulation within the project.
He added that OVALO Mall consists of five interconnected buildings connected by architectural bridges, centered around a main plaza of 1,500 sqm, representing the project’s vibrant heart.
Functional Division of the Project:
Ground, First, and Second Floors: Commercial activities
Third Floor: Administrative and Medical
Fourth Floor: Administrative
Total Floors: Ground + 4
Top Consultants and Distinctive Architectural Touch
The Chairman highlighted Ovalo Development’s collaboration with top-tier consultants:
Architectural Consultant: Engineer Mohamed Hafez
Engineering Consultant: Dr. Farag Amer
This ensures a modern design that balances functionality and aesthetics with smart space distribution.
Integrated Technological and Operational Solutions
Engineer Gaber explained that OVALO Mall incorporates advanced technological solutions in collaboration with Lodestar, aligning with the concept of smart malls. Operations and management are entrusted to KAD, ensuring operational efficiency and sustainable performance.
Comprehensive Services with Global Standards
The project provides a full range of services, including:
Modern elevators
Central air conditioning systems
24/7 security and surveillance
Separate mosques for men and women
Flexible designs suitable for international brands
Delivery Systems:
Administrative and Medical Units: Fully finished delivery
Commercial Units: Delivered as shell & core
Areas:
Commercial: from 29 sqm up to a full floor
Administrative and Medical: from 35 sqm up to a full floor
Strong Investments and Clear Timeline
Engineer Gaber stated that the project investment reaches EGP 1 billion, with targeted sales of EGP 3 billion, and detailed the timeline:
Construction Start: April 2026
Duration: 3 years
Competitive payment plans
OVALO Development offers flexible payment options starting from 5% down payment with installment periods up to 8 years, making the project accessible to a wide range of investors and entrepreneurs.
Expansion Vision and Ambitious 2026 Plan
Engineer Gaber confirmed that Ovalo Development aims to achieve EGP 1 billion in sales in 2026, with 30% of ongoing projects under construction. The company also plans to launch several new projects in El Shorouk, including:
A commercial-administrative mall on Gamal Abdel Nasser Axis
A residential compound and another commercial-administrative project on Al-Horreya Road
The Chairman concluded by emphasizing that the launch of OVALO Mall marks a strong start for Ovalo Development in the Egyptian real estate market, reflecting the company’s commitment to delivering integrated projects that combine prime locations, smart design, and professional management, reinforcing its position as a promising name in the development and investment sector.