Valda Developments marked its debut in Egypt with a commercial complex

Valda Developments, marking its debut in the Egyptian market, has a remarkable expansion plan and is set to build a commercial and entertainment complex in the Fifth Settlements nearby theMiddle Ring Road andthe New Administrative Capital at EGP1.5bn investments.

Valda Developments is a product of the strategic partnership between Akoya which is the owner and developer of New Cairo’s Compound Akoya, Leven Square and the Edge and New Avenue, a real estate consultancy that managed in a short period of time to compete with Egypt’s leading real estate marketers.

Valda Developments’ project is due to be built over 20,000 sqm at a strategic location lying between the Fifth Settlements and the New Administrative Capital.

“ Valda Developments, inspired by Akoya’s wide expertise in the 1970s’ Egyptian construction sector, ventured into the New Urban Communities jointly with Alghad El-Moshraq Company back in 2013 to set up Akoya Compound,” said chairman of Valda Developments Eng. Mohmed Shehata.

“Valda Developments, focusing on delivering high-quality projects on time,will embark on its expansion plan in the Egyptian market after finishing the commercial complex,” said chief executive Mohmed Abd El-Moneim.

He expects the company to create a portfolio of various projects in a very short time after the current project is sold within two years, and then delivered and inaugurated by 2024.

“ In the span of five years, the company will be ranked among the real estate market’s top developers owing to its credibility, commitment and readiness to serve clients.”