Egyptian developer Akadia Developments intends to launch the Pagoda Complex project, located in the downtown area of the New Administrative Capital (NAC), with investments of EGP 400m.
Moemen Hassan, the company’s CEO, said that the 10-storey project includes commercial, administrative, and medical activities. The ground, the first, and the second storeys are commercial with an innovative system, whilst the rest of the area is devoted to administrative and medical facilities.
The Pagoda Complex is located in a prime location at the NAC overlooking the Green River and next to the Gold Market, also lying near to the central Monorail station and the government district. As a result, the project is in a strategic location in the major national project that meets all customer needs.
He added that that the project would be comprised of 220 units for stores, offices, and clinics, and will be completed in three years.
Hassan confirmed that Akadia Developments is keen to provide a set of basic services to the project to serve customers. He added that the project is a great investment opportunity in the Downtown area, and the company also provides payment facilities.
He also said that Akadia Developments is implementing a new investment and marketing plan, to achieve the highest profit return for customers. As part of this, it has contracted with major international brands to obtain the right to use the trademarks in the stores in exchange for a percentage of the profits.
Hassan said that the NAC is one of the most important urban projects in Egypt, which has received great attention from the state.
It will be an integrated city that increases the beauty of Egypt, and will be one of the largest investment opportunities for developers and clients.