MAVEN Developments’s Cali Coasts accumulates more than EGP 16bn in investments

Daily News Egypt
2 Min Read

MAVEN Developments — which is affiliated with American RiverWards Group — announced that its Cali Coast Project has accumulated more than EGP 16bn in investments and serves more than 900 customers, said Mohamed Rushdy — Founder and President of RiverWards Group, and VP and Board Member of MAVEN.

Rushdy added that the total market value of RiverWards Group’s projects is more than $500m, noting that MAVEN has exceeded the target sales for Cali Coast, which is situated 96 km from Marsa Matrouh and only 15 minutes from the city of Dabaa.

Furthermore, he said that MAVEN was keen to cooperate with AXA — a world leader in providing insurance services — so that the owners of MAVEN’s units can enjoy many distinctive insurance services, such as home protection services, insurance plans with monthly instalments, and roadside assistance services.

In Cali Coast, MAVEN is offering first-of-their-kind units, which are duplex chalets consisting of two floors on an area of 108 sqm, with the company affirming that it has acquired all the necessary approvals from the concerned authorities.

For his part, Hossam Al-Sharkawy — Vice Chairperson and CEO of MAVEN — explained that the company was keen to conduct development operations in its second project Baymount to achieve customer satisfaction, hence the company has reduced the number of the project’s units and increased open spaces within it.

He also pointed out that MAVEN is keen to expand its activity and enhance its investments in the Egyptian real estate market.

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