«Mardev Development» Investment Portfolio to Reach 4 billion EGP Through Different Projects
By Eman Hamed
«Mardev Development» real estate increase its investments’ portfolio to reach 4 billion EGP through implementing various projects in the New Administrative Capital.
Zohdi Zhran Mardev’s Chairman said that the urban development that the government implements across the whole country provides real investment opportunities for serious investors” adding “the company has various projects to achieve variety in its investment plan and coup with country’s development plan in new cities”
He added that Mardev works in the real estate sector for 33 years implemented various projects which gained the company accumulated experience in the field of construction, pointing out that the company was able to implement and deliver projects with a high quality, which strengthened the credibility of the company and the confidence of its customers over those years.
He said that the company began its work under the brand of “ Al Marwa real estate” in the construction field as the company implemented 9 residential buildingswithin the housing of AUC, 30 villas in New Cairo, 60 schools, and 19 hospitals. Then it started with this experience in the real estate sector getting advantage of its experience to construct high level projects.
Ibrahim Zahran, Mardev CEO, said that the company is implementing several projects in the New Administrative Capital, consisting of a residential compound and 3 commercial projects, which reflects the company’s confidence in the Administrative Capital as a promising national project with development and investment advantages.
He stressed that with the government moving to the Administrative Capital this year, this will raise the customers and investors appetite to the Administrative Capital, as the occupancy rate in the Administrative Capital increases, which benefits the commercial and administrative projects that will be delivered soon. So, the investors would achieve a convenient return on investments.
Mohamed Zahran, Deputy Chairman, said that the company’s portfolio includes MENORCA RESIDENCE a residential project in R8 plot, Mardev plaza in R8, Sky light plaza in R7 plot, and Asgarad Mall.
He pointed that the company has an ambitious plan for 2023 based on accelerating the implementation rates in its various projects, in order to ensure accordance delivery in the specified dates, taking into account the highest standards of quality to meet customers’ needs that enhances their confidence in the company.
Ahmed Samy Mardev’s General Manager said that the company provides creative ideas in its projects which Contribute to revitalizing the real estate market and give the customer the best of its unit as the return on investment on those projects more than 30%.
He confirmed that the real state is a safe haven for investments especially in the economic crises as the units keep their value besides they are a long term investment that could make a 100% return, adding that the real estate helped customers to get the most of their investments more than once.
Aya Kamal the commercial director of Mardev said that the company has a diverse portfolio of investments that coup with customers’ needs besides providing different payment plans align with purchasing ability of each customer which is the biggest demand the market needs.
She pointed that the company raised its implementation and delivery plans to keep its credibility and customers’ confidence as well as Mardev always seeks new investing opportunities to provide its customers highest return.