Rayn Developments, a leading real estate development company in the Egyptian market, has announced the launch of its latest project, Voco Mall, in the New Administrative Capital (NAC), with an investment cost exceeding EGP 1 bn, Invest-Gate reports.

Ehab Al-Obaidi, Chairman of Rayn Developments, highlighted that the Voco Mall project represents a significant advancement in the field of commercial projects, incorporating innovative thinking and international technology in construction, management, and operation.

Additionally, the project’s location, a vital element in its marketing and sales strategy, was carefully selected to differentiate it from other projects. Voco Mall is situated in the R3 area, offering direct views of the iconic tower, the monorail station, Mohamed Bin Zayed Corridor, and the oasis.

Al-Obaidi further explained that the project will be implemented on a total land area of 4,270 square meters, with a construction rate of 30%. It comprises 85 units, with the ground and first floors designated for commercial shops and the remaining floors for administrative offices.

The company has enlisted the services of the executive consultant, OYK, one of the largest consulting offices, to handle the engineering and architectural designs. Their expertise ensures the delivery of sophisticated and distinctive designs, augmenting the company’s reputation and attracting new segments of society to its customer base.

To facilitate customers, the company has introduced flexible payment systems, allowing for up to 9 years of installment plans, along with returns on the down payment and installments, in addition to mandatory rent.

In a significant move aimed at providing top-notch services to investors, entrepreneurs, and visitors, Rayn Developments has contracted In Commercial Company, one of the largest management companies, to oversee the project’s management and operation. As per the project schedule, delivery is expected within 24 months.