Vai Developments announces launching its second project in the NAC, 4T1, with targeted sales more than EGP 500 mn, Invest-Gate reports.

Mohammed Salah, Sales Director at Vai Developments, explains that 4T1 is the first residential, hotel, commercial project in the Downtown area. The project spans over ​​9,000 sqm and consists of a ground and 10 floors,1st and 2nd are commercial while the 3rd services the entire project and starting from 3rd to 10th floors are residential and hotel.

Additionally, the project is located near the Dahab Market, the People’s Square, the Misr Mosque and on two main axes.

The company contracts with DMA company to carry out the engineering and construction designs for the project and Arabella Plaza to operate the commercial part of it.

Salah indicates that the project is a result of a partnership with “CCC” International to produce a distinct and unique real estate product, pointing out that the project will be fully completed and delivered within 3 and a half years.

On the other hand, Salah reveals the company’s expansion plan to be the 1st developer in the NAC, through the implementation of a series of various projects, the most important project is underway and will be announced at the end of 2022, in addition, the company plans to work In New Cairo and North Coast and pumps investments estimated at EGP 1.2 bn in its all projects in 2022.

Alike, the company succeeds in selling all of its 1st projects in the NAC’s 4T4 and work is underway on the project site while the concrete structure will be completed by the end of 2022.