Zodiac Development Holding Group announces the acquisition of Capital Gate Development (CGD), Invest-Gate reports.

The acquisition aims to boost the volume of Zodiac’s business and investments in the local market and contribute to Egypt’s plan to develop fourth-generation cities.

Chairman of Zodiac Development, Hassan Hassanein, refers to the company’s success in the implementation of Mizar and Mizar 2 projects in the New Administrative Capital.

Zodiac’s Chief Commercial Officer, Ahmed Fares, reveals that the company sold 80% of Mizar and Mizar 2 projects.

For his part, the Marketing Director at Zodiac Development, Mohamed Hefnawy, says that the company competes in NAC with innovative and unconventional real estate products.