El Riyad Castle Development has launched Valore El-Thawra project in an event that was attended by the company’s founder, Member of the House of Representatives Ahmed Abdel Mageed, along with several officials and community celebrities.
Tarek Eid — Member of the Board of El Riyad Castle Development — stated that the Valore El-Thawra spans 28,800 sqm and comprises residential, administrative, and commercial units, along with serviced-apartments and entertainment properties located in the best location on El-Thawra St. directly next to Almaza City Center. The project is expected to be delivered within three years.
He pointed out that the offered phase includes 421 units, including 90 commercial stores, 146 administrative offices, 185 branded residences with various sizes, and will be offered to customers with distinctive and flexible payment plans that suit target customers.
He explained that 30% of the project’s construction work has been completed before it was offered to customers, noting that the project includes 622 units of various sizes, consisting of 255 hotel units, 189 administrative offices, and 178 shops.
Moreover, the company has contracted with Namaa PFM for Facilities Management, which will manage the project after its operation. Furthermore, a contract was signed with Concord International Hotels Group to provide hotel services and management for the residential units of the project, in addition to renting branded residences to project clients, Eid elaborated.
“The company continues to contract with other entities within the project to be delivered to customers in the best possible way,” he said.
“These contracts increase the investment value of the project, meet the needs of target customers, and take into account market competition standards to provide the best in everything within the project.”
“The company is keen to contract with distinguished and powerful entities in all project phases in order to ensure that the project is commensurate with the company’s previous business in the real estate market,” he concluded.