Speech by Eng. Mohamed Allam and Mr. Mohamed Mustafa, CEOs of Mazaya Real Estate Development Company, during the company’s honoring ceremony for all departments at the hotel
The Westin Cairo Golf Resort & Spa Katameya Dunes
Eng. Mohamed Allam, Chairman of Mazaya Real Estate Development Company, said that the company has started its work in the real estate market with an ambitious plan through which it aims to invest 4 billion pounds in distinguished real estate projects during the first year of the company’s launch. This plan is being implemented with precision and distinction.
Mr. Mohamed Mustafa, CEO of Mazaya Real Estate Development Company, added that the two projects are located on an area of 5,000 square meters, with total investments exceeding one billion pounds. The company succeeded in marketing the first phase within only 40 days of its launch. They are two commercial and administrative projects with a ground height and 14 floors. The company offers various and distinctive payment systems for the project.
He stressed that the company’s investment plan was developed based on strong studies that ensure gradual expansion and seizing investment opportunities that are difficult to replicate. The company launched its first project and marketed it according to a specific plan, then launched two other projects.
He pointed out that the company succeeded during the second quarter of this year in achieving strong sales despite the challenges faced by the market during that period, including the high cost of raw materials and rising prices. However, the company succeeded in facing these challenges and achieving its marketing plan for its projects.
