Marota Developments, Sabbour Consulting contract to supervise Mastro
The project’s total investments reach EGP 800m
The project is a product of cooperation of major consulting offices in Egypt and the Middle East, says Walid Selim
Mastro project is one of the most distinguished projects in the New Administrative Capital, says Omar Sabbour
We are joining the competition race in the New Capital market, with integrated advantages and services in the project, says Mohamed El-Sherif
Marota Developments, one of the leading real estate development companies, announced contracting with Sabbour Consulting office to review designs and supervise the construction of Mastro project, the company's first project in the New Administrative Capital (NAC), as part of the company's plans to provide a distinguished real estate product and to carry out the project constructions according to the highest local and international standards.
The signing of the contract was witnessed by the Syrian businessman Ayman Al-Ghafir, the Egyptian businessman Tarek Khalil Malak, the founders of Marota Developments, besides, Omar Sabbour, vice chairman of Sabbour Consulting.
Spanning over 5,250 sqm, Mastro is a commercial mall located in the most distinguished area at the NAC’s Downtown, is situated in the promenade and entertainment area directly in front of Al Masa Hotel, and near the Green River, with investments of EGP 800m.
Walid Selim, head of engineering sector at Marota, said that the selection of Sabbour Consulting as one of the most important and leading consulting offices in Egypt and Arab region besides its extensive experience and efficiency to oversee the implementation of the project, comes within the company’s plans to contract with a number of experienced success partners in Egyptian market. Additionally, the cooperation aims to comply with the company’s strategy to expand in the New Capital and provide real estate products at the highest quality.
Selim added that the project is a result of the cooperation of major consulting offices in Egypt and the Middle East, such as the international designer Raef Fahmy and the consultant office supervising the implementation Sabbour Consulting to present a distinguished project that achieves international standards.
He further noted that the company is working to provide an innovative and unconventional real estate product within Mastro project andpointed out that the New Capital is at the top of real estate investment in Egypt and Arab region. Over and above, the NAC is witnessing an unprecedented construction boom, and has received a great demand by clients and investors, especially in light of the government and political leadership's interest in the city.
For his part, Omar Sabbour, vice chairman of Sabbour Consulting, said, "We are pleased with the joint cooperation with Marota to supervise the construction of Mastro project, which is one of the most flagship projects in the New Capital."
Sabbour added that Marota is one of the leading companies in real estate development, and possesses distinguished expertise and competencies in the Egyptian market.
Mohamed El-Sherif, head of Marketing at the company, stated that the total built-up area of the project reaches 19,000 sqm and added that Marota is working to establish a specialized commercial project, in which everyone will see its excellence, whether in terms of location or basic and recreational services provided within the project.
El-Sherif pointed out that the company chose a prime location for the project at the western entrance to the Downtown area in the highest density of shopping and promenades in the NAC, which guarantees investors and unit owners the success of their project and their investments.
He added that the Mastro project features the largest food court area with the finest restaurants and cafes, as well as a children's area and recreational activities, central air conditioning covering all parts of the mall, advanced fire extinguishing systems, lighting control systems, and green spaces distributed in a distinctive geometric shape.
“The company offers various payment plans to customers in proportion to their different needs and capabilities. The project represents a golden investment opportunity for those wishing to invest in real estate,” he disclosed.
Marota Developments is a partnership between Egyptian businessman Tarek Khalil and Syrian businessman Ayman Al-Ghafir.
