250 million pounds as a down payment for external finishing works, the first structure and four companies
Ardak for Development and Real Estate Investment decided to start the external finishes and infrastructure works for the first phase of its Zizinia Al Mostakbal project in Mostakbal City, where the company signed the first installment of 250 million pounds to complete the external finishes and infrastructure, with delivery next year. Engineer Hesham Abdel Khaleq, CEO of Ardec for Real Estate Development and Investment, said that work is currently underway continuously within the project to complete the finishing works for the first phase units buildings as well as the project's infrastructure, which includes utilities. Green spaces and lakes in cooperation with 4 contracting companies at the same time to intensify work and accelerate its pace in the current period until the delivery of the first phase to meet the delivery dates for customers. The "Zizinia El Mostakbal" project is characterized by vast green spaces, where green spaces occupy 80% of the project, in addition to unique water lakes. The project has all services from a bicycle lane, a sports track, and gardens, in addition to a commercial and administrative center, and a recreational area. The delivery of the first phase of the Zizinia El Mostakbal project is scheduled to begin in June 2022. The project's total investments amount to 5 billion pounds. Ardec Company for Real Estate Development and Investment is cooperating with major contracting companies and a number of companies specialized in developing development infrastructure to complete the Zizinia Future project within the specified time plan. Zizinia El Mostakbal project is located in El Mostakbal City, in a prime location in the heart of New Cairo, 5 minutes away from Street 90 and Cairo-Suez Road. The project area is more than 70 acres with innovative designs of units of different sizes, and penthouses, the ground units have been completed with the garden. Designed by specialized international companies to meet the diverse tastes of customers, the offered units' spaces start from 85 square meters. Ardak Development and Real Estate Investment Company was established in 1998 by strategic shareholders, including a group of Egyptian banks, insurance companies and major investment companies, with an authorized capital of 500 million Egyptian pounds. Since its establishment, the company has continued to expand and thrive at a steady pace in the Egyptian real estate market, as it owns a number of major residential and commercial projects of unprecedented quality that have added tremendous value to the Egyptian market. Ardaq for Real Estate Development and Investment is the owner and main developer of the real estate brand "Zizinia" with a total of 5 residential projects. .