Siva Developments and Mada Development have unveiled their latest project, AVIDA, in Sidi Abdel Rahman in Egypt’s North Coast.
Siva Developments and Mada Development have launched their latest project, AVIDA, in Sidi Abdel Rahman on Egypt’s North Coast.
AVIDA introduces a hospitality-driven concept for serviced units. Moreover, the project combines attractive investment opportunities with professional hospitality services.
In addition, it benefits from the rapid growth of one of Egypt’s most popular coastal destinations.
Dr. Ahmed Elhaddad, Chairman of Siva Developments, said AVIDA reflects the partners’ vision.
He added that the project aims to create innovative real estate and tourism destinations.
Additionally, he noted that it seeks to deliver long-term value for homeowners and investors.
Moreover, the project meets growing demand for value-driven developments. He also highlighted the North Coast’s rise as a leading destination for tourism, hospitality, and lifestyle experiences.
Elhaddad said: “Our partnership with Mada Development reflects a shared ambition. We want to deliver a project that matches the changing preferences of today’s buyers. Investors no longer seek ownership alone. They want assets that combine lifestyle appeal with sustainable returns.”
He added that the company created AVIDA to meet this demand. The project follows a hospitality-led model and relies on professional property management. This approach helps preserve assets and improve investment performance.
He also said the development occupies a prime location in Sidi Abdel Rahman. Residents will enjoy access to an 800-meter beachfront.
AVIDA features an eight-story building with panoramic sea views. The project includes 180 units, with spaces starting from 45 sqm.
Construction is progressing according to schedule. The developers plan to deliver the project within three years.
Shaker El Naggar, Chairman of Mada Development, said the alliance chose Sidi Abdel Rahman after conducting extensive market studies. He noted that the area offers strong investment fundamentals.
He explained that AVIDA marks the first phase of the alliance’s long-term growth strategy. The company is also studying opportunities in the North Coast, New Cairo, and the New Administrative Capital.
“The North Coast has changed significantly in recent years,” El Naggar said. “It has evolved from a seasonal destination into a year-round hub for tourism, leisure, and investment.”
He added: “We believe Sidi Abdel Rahman is one of the region’s most promising locations. Strong demand, rising occupancy rates, and long-term appreciation support this view.”
Ahmed Shaker, Board Member of Mada Development, said strategic partnerships have become more important as the sector evolves.
He noted that Mada and Siva rely on complementary expertise. This cooperation helps them deliver high standards of quality, execution, and operational efficiency.
“The success of large-scale developments depends on cooperation among partners,” he said. Moreover, he noted that companies achieve better results when they integrate their roles. Therefore, collaboration plays a key role in delivering successful projects.
“In the AVIDA project, we combined a prime location with strong expertise and a clear investment vision. These factors provide a solid foundation for long-term success.”
He added that Mada Development continues to expand its investment portfolio. Moreover, the company owns a diversified land bank and studies opportunities in several promising locations.
Furthermore, he also said the company is exploring new projects with partners that share its long-term vision.
In addition, he stated that a specialized hospitality and tourism operator from Kuwait will manage the project. Consequently, the operator will apply international hospitality standards and provide an integrated experience for owners and investors.
Eng. Bishoy Nagy, the project’s architectural consultant, said the team designed the masterplan to maximize the waterfront location and sea views.
He added that the project includes advanced energy-saving systems and measures that improve operational efficiency. These features align with global trends in real estate and hospitality.
Nagy said: “The design ensures that most units enjoy unobstructed sea views. At the same time, it maintains high standards of efficiency and sustainability.”
“We integrated modern engineering solutions that meet the needs of contemporary hospitality projects,” he added. “These solutions enhance the experience for residents and guests.”
Samah Malek, Sales Director at Siva Developments, said the project targets clients seeking investment opportunities in the hospitality sector.
She explained that AVIDA combines several advantages. These include a prime location, hotel-style management, and a wide range of unit sizes.
She added that the project offers flexible payment plans. Buyers can pay a 10% down payment and spread installments over eight years. This gives clients the chance to own property in one of the North Coast’s most attractive investment destinations.
