Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

ARQA to Launch Second Phase of ‘I Business Park’ after Eid al-Fitr


Tue 04 May 2021 | 12:33 AM
Mohamed Nour

Arqa Development is preparing to launch the second phase of the ‘I-Business Park’ project at the New Administrative Capital (NAC) after Eid al-Fitr.

Chairman of the Board Mahrous Al-Zainy asserted that the first phase of the project achieved outstanding sales that reached EGP 1 billion.

Al-Zainy affirmed that the three phases of the project will be delivered within 3 years. He noted that the second phase is a complete project itself in the Downtown area of the New Administrative Capital. For the first time, the phase will offer two commercial floors and an administrative tower with a height of 20 floors.

The ARQA Chairman pointed out that "I-Business Park" towers will be built on an area of 5 feddans, with a total investment of EGP 5 billion. Moreover, the space of the project is about 21.1 thousand sq m that includes three linked towers at the ground level, three basements, in addition to 2.2 thousand units ranging in size from 28 sq m to 1.5 thousand sq m.

Interestingly, the company will offer discounts and different payment systems to meet all customers’ needs.

Also, it is planning to put EGP 1.2 billion into construction and achieve targeted sales of EGP 1.2 billion this year. It aims to build up new cadres that will contribute to achieving the company's goals to develop projects which will keep up with the construction boom the state seeks.

Meantime, the company is preparing for a huge party for real estate development companies in the Administrative Capital, real estate marketing agencies as well as a number of public figures.

Contributed by Omnia Ahmed