Zodiac Development Partners With INMA to Manage its Mizar Project

Zodiac Development Partners With INMA to Manage its Mizar Project

Zodiac Development partners with INMA to manage its New Mizar project at the new capital, which comprises a commercial, administrative, and medical properties, Invest-Gate reports.

The contract also aims to provide consultancy and prepare market analysis on NAC’s Downtown area. It is also to identify and price the required properties and facilities and put in place appropriate marketing mechanisms. the agreement was signed by Zodiac Development Chairman Hassan Hassanein and  INMA Vice Chairman Sherif Noaman.

In this regard, Hassanein remarks that the Mizar project is the company’s first project in the New Administrative Capital (NAC), which is located in the most distinguished downtown area. The project spans over 2,650 sqm, with a built-up area of 16,500 sqm, comprising commercial, administrative, medical properties. Besides, it consists of ground and 12 floors, with EGP 400m of investments.

“Mizar witnessed a large demand and the company has sold out the first and second phases of the project within a short period of time. The company is preparing to launch its second project in the NAC’s Downtown, which would be a commercial, administrative, and medical project”, he discloses.

For his part, Noaman states, “According to the contract, we will manage the Mizar tower at NAC and our main role is to manage long-term relationships between Zodiac and its valued customers in terms of providing a distinguished level of service that reflects the extent of understanding for customers’ needs and requests.”

Zodiac Development CCO Ahmed Fares points out that the Mizar project delivery is scheduled to begin in 2024, adding that the company has a great record of accomplishment in the Egyptian market, especially in the downtown area.

Meanwhile, the company’s Marketing Director Mohamed Abdel Hamid elaborates that the company offers its customers various payment plans in proportion to their different needs and capabilities, starting from 10% down payment and payment plan up to nine years.

Moreover, he explains that the project is situated in a unique location in the heart of the NAC, near Gold Market, the Mosque of Egypt and the government district. In addition, he expects a spike in real estate prices in the coming period due to changes in the market.


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