Eight Developments and Gaballah Group sign a contract for management and operation with Mission 235 company, to manage and operate “Revolve Mall” project in the Northern Investors Area in the heart of New Cairo, with investments exceeding EGP 2.5 bn, Invest-Gate reports.
Mohamed Abdel-Fattah, CEO of Eight Developments Company, states that the company aims to present an unprecedented project in all aspects, whether engineering or operational, in order to achieve gains for those looking for investment opportunities.
Abdel-Fattah notes that the company has implemented nearly 80% of the project to meet the clients’ needs who are looking for promising investment opportunities, whether Egyptians or non-Egyptians.
The step falls in line with the country’s plan in exporting real estate file, which contributes approximately with 20% out of the Egyptian national income.
He further notes that the facilities that the government admitted in the file of obtaining citizenship for $300,000 contribute in increasing the rates of exporting Egyptian real estate and attracting more hard currency to the country.
Accordingly, Eight Developments company took this step in developing the project, aiming to participate mainly in the government’s plan in this file.
Abdel-Fattah explains that the management company will be responsible for hiring international brands for investment in the mall, pointing that the project is an extension and translation of the philosophical thought on which “Eight Developments” was established upon, as one of the leading companies in the field of real estate development, related to achieving the highest levels of sustainability, working on time management, utilizing spaces and saving all the possibilities to create a harmonious and flexible society that will be able to achieve the highest rates of productivity for clients, and to maximize the concept of smart buildings.
It is worth noting that Revolve Mall project is an administrative, commercial, and hotel mall, which is built on an area of 15,000 sqm, in the Northern Investors Area, and is located directly on Tahrir Axis, which connects Nasr Road with the northern ninety axis.
The mall includes 245 units, 60% of which are for sale and 40% for rent, while the administrative includes 146 units, divided into 73 units in each floor, and the hotel has 62 keys.
For her part, Haneen Gaballah, member of Board of Directors of Gaballah Group, says that the Revolve Mall project relies on the latest artificial intelligence technologies, global sustainable technologies, and green technologies, as well as the best materials, the latest designs, in addition to the latest industrial safety measures.