Egyptian Developers launches NAC's Jaya Business Complex

Egyptian Developers launched Jaya Business Complex, debuting its New Administrative Capital's projects at a remarkable location in Downtown District with up to EGP1bn sales targeted by the company.

Chairperson of Egyptian Developers Abd El Rahman Abu Zeid said the project is built over 8,000 m with total built-up area of 20,000 sqm.

The project is made up of a basement and 10-storey building designed to host commercial and administrative businesses.

Digging works will kick-start soon in the project which may be delivered within three years from the date of signing contracts with clients.

"The company has an investment plan with the aim of ensuring the generation of steady returns for clients, as payment schemes are put in place to supply clients with leasing returns during the finishing period ranging from 3 to months," said he.

The projectis located in the heart of downtown, with excellent visibility from main New Capital Road and with proximity to monorail main station, as NAC’Sdata center isdirectly on a street with a width of 90 meters. It overlooks a large green area with largest ratio in downtown district.

Jaya Business Complex New Capitalhas an exceptionally well-positioned modern (class A) office, and commercial building with a dynamic plaza within the new capital downtown.

Capturing the benefits of the near-governmental district will help to become the most popular building of new downtown with a secured credit worthy tenant roster. The project entertains excellent daylight, green areas, an outdoor plaza and a generous reception.

The company provides payment schemes ranging from 7 to 13 years with diverse payment schemes suiting all target clients.

The company rolls out the units for EGP18,000 per sqm, less by by 50 percent than the market.

According to Egyptian Developers' general manager Abd El Azziz Mohamed, the company has varied land portfolio in Ain Sokhna and Shorouk, as it has an expansion plan based on myriad plots of land it possesses.

With asolid solvency, the company launches projects that are self-funded, enabling it to start the projects in the New Capital as scheduled without even collecting any revenues from sales, he maintained.