Zada Developments has announced its entry into the Egyptian real estate market, with the launch of the company and details of its projects set to be unveiled at a grand ceremony at the Marriott Mena House Hotel on December 8, 2024, Invest-Gate reports.

The company’s ambitious investment plan will also be revealed, which includes pioneering projects across various commercial, residential, and hotel categories, with targeted sales reaching EGP 10 bn.

Mohamed Awad Habib, Head of the Commercial Sector at Zada Developments, confirmed that the company’s shareholders possess significant experience and a robust track record in the contracting and construction sectors, both within Egypt and internationally. This expertise has encouraged the shareholders to venture into real estate investment, allowing them to leverage their strong background in developing, implementing, and delivering projects to the highest quality standards within agreed timelines.

Awad announced that the company will kick off its plans with two prominent projects. The first is a commercial, administrative, and medical project called Lake Yard, located in the northern expansion area of 6th of October City, with targeted sales exceeding EGP 1 bn. This project will be launched this December after 50% of the building’s concrete structure has been completed, showcasing the company’s strength and commitment to establishing itself in the real estate market with credibility.

The reservation process and expressions of interest for contracting project units are scheduled to begin on December 3, 2024. Contracting for the project units is expected to commence at the end of December, with the possibility of extending this period until after the New Year holidays. There are high expectations for significant customer interest in the project due to its location in a densely populated area that lacks comparable commercial projects.

The second project is a residential compound in New Zayed City, covering an area of 14 feddans, targeting a broad segment of customers seeking residential units, whether apartments or villas, within an integrated urban community in West Cairo. This project is planned to be launched in early 2025, with a sales target and investment volume exceeding EGP 9 bn.