Eng. Mohamed Allam, Chairman of Mazaya Developments, confirmed that the company continues to achieve strong execution rates across its various projects in the New Capital. Mazaya is currently developing four mixed-use projects in the Downtown area and MU-23, all progressing according to the approved timelines and execution schedules set by the company. This reflects Mazaya’s commitment to delivering its projects as planned, while upholding the highest standards of reliability and trust with its clients.
He pointed out that Mazaya adopts a clear and well-structured policy when launching new projects—one that ensures no impact on the rights and interests of existing clients. This approach is supported by precise cash flow management and carefully structured contracts with construction companies, guaranteeing maximum security for clients’ investments.
In press statements, Eng. Mohamed Allam added that Mazaya has successfully maintained one of the fastest construction paces in the market, combined with superior quality compared to many projects launched during the same period. He emphasized that the company is focused on a clear objective: to be among the first developers ready for operation immediately after utilities are fully connected.
He also noted that The Rook, a commercial and administrative project located in Downtown and spanning 2633.35 square meters, with investments reaching EGP 1.2 billion, is witnessing remarkable progress in finishing stages. Plastering and painting works are currently underway across multiple floors, alongside the completion of marble works, glass façades, and aluminum installations—reflecting the project’s close alignment with its scheduled completion timeline.
He further explained that Gemini Red, a commercial and administrative project built on an area of 2372.60 square meters (ground floor + 15 repeated floors) with investments exceeding EGP 1.5 billion, has completed the casting of columns and slabs from the third to the fifth floors.Construction continues steadily on the upper levels according to the approved plan, ensuring the project’s completion within a record timeframe.He added that the company is also maintaining steady progress in Gemini Blue, another commercial and administrative project. He also clarified that basement works and the first basement slab are currently under construction, noting that the casting of the basement slab has already been completed.. Reinforcement and carpentry works are ongoing, alongside the start of ground floor columns, in addition to the completion of the basement plaza slab. This reflects clear advancement in the project’s core structural stages. The project spans 2418.72 square meters (ground floor + 15 floors) with investments exceeding EGP 1.5 billion.
Eng. Mohamed Allam also highlighted that Norm Spaces, a commercial, administrative, and medical project located in a prime area within MU23, spans 6645.59 square meters with investments reaching EGP 5 billion. The project has officially entered its initial execution phase, with full site leveling completed and excavation works already underway, paving the way for the next stages of construction.
He added that the company’s progress is being achieved despite challenging conditions in the Downtown area. However, Mazaya has successfully maintained a strong balance in a market experiencing delays and challenges, thanks to its commitment to credibility, execution speed, and adherence to the highest quality standards. The company also continues to implement its expansion strategy, focusing on delivering fully operational projects, which enhances client confidence and ensures real investment value in the New Capital. He concluded by emphasizing that the true guarantee of success for any real estate project lies in execution.
