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Egypt: Marota Developments begins construction on Mastro project at new capital

Mastro is a commercial mall comprised of a ground floor and five storeys. (Image source: Adobe stock)

Marota Developments has announced that construction has begun at its Mastro project, located in a distinct area of the New Administrative Capital?s (NAC) Downtown

Ashraf Diaa, chief operating officer of Marota Develoments, said, that the compnay has chosen a prime location for its first project in the NAC, as it will serve as a gateway to entertainment and promenades in the major national project.

Spanning over 5,250 sqm, Mastro is a commercial mall comprised of a ground floor and five storeys. It features a built up area of 9,446 sqm, in addition to a car park spanning more than 10,000 sqm.

Diaa said that Marota Developments was established about a year ago, and purchased the Mastro project?s plot of land last August. The company has a complete sales and marketing team on board, which includes a number of successful and distinguished members with strong experience in their fields. 

?The company has cooperated with a number of distinguished success partners in several specialisations of the project so far, in order to achieve a balance between the project?s aesthetic advantages and distinctive external design, besides the internal operational functions of the project to ensure the success and excellence of the internal operators. The company is keen on ensuring that the mall visitors would enjoy their presence in a place full of entertainment activities not just a mall,? added Diaa

He added that Marota Developments has also contracted with the French operator, Business Concierge, which specialises in determining financial studies and commercial specialisations for the project. This is alongside cooperation with a strong Egyptian company specialised in field of technology, which will be announced soon.

Waleed Selim, head of projects management, said, ?It is planned to start the project delivery within three and a half years, but the company aims to deliver the project six months ahead of schedule, depending on the time schedule that has been set, in addition to the speedy provision of the necessary services required by customers.?

He noted that with the start of life at the NAC, which will begin gradually with the transfer of government district employees scheduled for the second half of this year, there will be a need to provide various services to citizens in the city. 

Ahmed Samir, head of sales and marketing at Marota Developments, said that the company has a distinctive and comprehensive selling plan to market the mall and deliver it to target customers. 

This is in addition to offering various and flexible payment plans commensurate with customers? purchasing powers, with down payments starting from 0% and going up to 15%.

Based on market studies carried out by Marota Developments, the unit sizes at the mall were determined, in addition to providing 850 sqm vacant spaces on the fourth and fifth storeys.