Jawad Developments has announced a partnership with Eltizam Egypt, a provider of integrated asset and facilities management services, to manage and operate the Val Plaza project in 6th of October City, west Cairo, ahead of the mall’s opening in the first half of next year.
Commenting on the agreement, Adel Abdel Jawad, chairperson of Jawad Developments, said construction works at the project have been fully completed, including all external finishing, and that the company is now transitioning to the operational phase.
Abdel Jawad said the decision to partner with a specialised firm with proven asset management expertise is a strategic move to ensure Val Plaza is professionally operated from day one.
He added that the partnership with Eltizam Egypt aims to enhance the project’s overall value and maximise investment returns for Val Plaza clients, while delivering high standards of comfort, safety and service for visitors. This, he said, will be achieved through advanced operational practices and modern management systems aligned with the evolving needs of the real estate market.
Val Plaza is being developed on a total area of about 6,250 square metres and comprises 285 multi-use units. These include 100 retail units across the ground and first floors, and 185 administrative and medical units located on the second, third and fourth floors, positioning the project as an integrated commercial and services destination.
For his part, Mohamed Essam, chief executive officer of Eltizam Egypt, said the agreement reflects growing confidence in the company’s operational capabilities and its leadership in integrated asset management in the Egyptian market.
Essam noted that Eltizam Egypt has recorded annual revenue growth of more than 130% and currently manages a diversified portfolio of real estate, administrative and commercial assets covering more than 2 million square metres. The company oversees over 8,000 real estate units and maintains a contract portfolio exceeding 120 agreements.
Abdel Jawad added that Val Plaza Mall reflects Jawad Developments’ vision of responding to current market dynamics by introducing an integrated commercial model focused on flexibility and operational efficiency.
He concluded that the project is designed to meet the needs of both investors and brands, supporting long-term sustainability and enhancing its ability to deliver strong and stable investment returns in the coming period.
