Eng. Mohamed Al Bustani, Chairman of the Board of Directors, said during the signing of the partnership contract at a press conference that the project is on an area of 2376 square meters, and is located in the New Narges area, in the heart of the Fifth Settlement directly on Gamal Abdel Nasser Axis, as this area is characterized by a large population density, which makes buying a unit in the mall a great investment opportunity.
He explained that Nova Square provides various units with different areas, to suit all customers' needs and purchasing power, as the commercial spaces start from 15 meters to 74 meters, while the medical spaces start from 25 to 40 meters.
Al Bustani added that the company has developed flexible payment systems that suit customers' income, which are 10% down payment and installments up to 7 years.
He stressed that a number of major consulting and specialized companies have been contracted to ensure that Nova Square comes out in its best form and is managed and operated in the best possible way, and to achieve the highest investment return for clients, as a contract was signed with Hussein Sabour Engineering Consultant Office and Incomercial Office for Management and Operation.
Al-Bustani said that despite the global economic challenges and the high prices of building materials and the cost of implementation, the company is committed to its strategic plan for 2024 and is keen to implement and deliver with the highest quality standards.
For his part, Eng. Yasser Abdullah, Chairman of “Abdullah Group for Real Estate Development”, stressed the importance of the partnership with “Al-Bustani Company” to develop one of its largest projects in New Cairo, given the weight of this project in the field of real estate in Egypt.
He continued: The mall is one of the best administrative urban complexes in the region, due to the advantages that “NOVA Square” possesses in terms of prices, area, location, modern contemporary design, and others.
He pointed out that the first phase was sold with the start of offering units in the project with a contract size of 700 million pounds, and delivery within 3 years.
"Yasser" added, saying: "Since quality is what we aspire to, the partnership with Al-Bustani achieves more success for the group for its real estate development plans in Egypt, and therefore the presence of this administrative project within the Fifth Settlement area and its attractive aesthetic and modern appearance is considered an essential element that reflects the level of quality expected from the partnership.
Eng. Mohamed Shehata, Chairman of the Board of Directors of "Incomercial for Management and Operation" welcomed the cooperation with Al-Bustani and Yasser Abdullah companies due to their prestigious position in the Egyptian market.
He stressed that the contract includes conducting all marketing and sales studies for the project, with developing an operational engineering design, developing an activity distribution plan, a housing and leasing plan, and a project management plan, with the development of an operating manual.
