Project Gate Developments announced the official commencement of construction for its Vista Mall project in New Cairo, with a total investment of EGP 1.25 billion. The project is now underway following the receipt of all necessary permits, reflecting the company’s commitment to delivering the project according to a defined timeline and adhering to the highest quality standards, Invest-Gate reports.

In this regard, Eng. Khaled Hassan, Chairman of Project Gate Developments, stated that Vista Mall is not a traditional project, but rather an extension of the company’s philosophy of selecting truly strategic locations based on residential density and daily traffic. This approach has been successfully applied in the company’s previous projects.

He explained that the project is located in an exceptional spot, directly in front of the French University and adjacent to several international schools and major roads. This makes it a vibrant hub for commercial, medical, and administrative activities within New Cairo. The strategic location is a key factor for the success of any project, especially mixed-use developments, ensuring easy accessibility.

He pointed out that the design of the units within Vista Mall — whether medical clinics, administrative offices, or retail stores — is based on a precise operational vision aimed at maximizing the use of every square meter. The design also takes into account flexibility in usage and ease of access, enhancing the investment returns for each client.

The company also announced the opening of bookings for the second phase of the project, coinciding with the start of construction work. The first phase has seen strong demand due to the location, the nature of the project’s use, and flexible payment systems offering up to 10 years of installment plans.

He clarified that the total investment for the Vista Mall project is around EGP 1.25 billion, which reflects the project’s economic viability and the trust it has earned from clients and investors.

He emphasized that Vista Mall is a continuation of the operational and construction success achieved by the company through the Gate Mall project, which was fully implemented, handed over, and operated in one of the most vibrant locations in New Cairo, achieving high occupancy rates since day one.

He added that the success of Gate Mall is the best proof of Project Gate’s commitment to its clients and its ability to deliver comprehensive projects that combine investment feasibility with operational success. He stressed that Vista Mall is a practical realization of the promises the company makes to investors and clients, explaining that Project Gate always ensures adherence to project timelines and immediate commencement of work upon receiving official permits.

He said, “We believe that trust is built through action, not just words. Therefore, the start of construction shortly after the opening of bookings enhances our credibility in the market and affirms our seriousness and commitment to those who have placed their trust in our projects.”

He confirmed that the project is being executed through a comprehensive consulting system that includes a selection of specialized entities and expertise, including Smarch for architectural consulting, Tredcon as the general contractor and execution consultant, AW Innovations as the commercial sector consultant and investment mix planner, Omega for electromechanical business consulting, and MRB for project management and operation.

He concluded by emphasizing that Vista Mall is not only a promising project in terms of sales and investment returns but also a true extension of Project Gate’s philosophy in building sustainable, well-thought-out projects with high operational value, enhancing asset value and serving the daily needs of residents and users.