ICapital Developments, one of the leading companies in the Egyptian real estate market, announced the launch of its latest project, “Midly Business Complex,” in the heart of the Downtown area of the New Administrative Capital.

This launch comes after a series of successes achieved by the company in the Egyptian real estate market after the Cloud 7 and Cloud 8 projects.

Engineer Mahmoud Abu Al-Khair, Chairman of the Company’s Board of Directors, explained that the company is continuing its successful journey by presenting a unique and distinguished project, “Medley Business Complex”, which is distinguished by its location and area of 2,700 square meters and a construction percentage of up to 30%.

The project consists of a ground floor and 13 floors of commercial and administrative units. The ground, first and second floors have been allocated for commercial activities, while the rest of the floors have been prepared to be fully finished administrative offices.

Mr. Mohammed Al-Iraqi, Vice Chairman of the Board of Directors, added that iCapital is keen to choose strategic locations for its projects, pointing out the unique location of Midly Business Complex, which is located in the heart of the capital, the Downtown area, and is in the middle of the western axis, making it steps away from all major services such as The monorail station, Al Masa Hotel, the Green River, and the tourist towers, in addition to 100% of the units overlooking the plaza and the main street directly.

The project provides a flexible payment plan extending over 10 years in equal installments and 10% down payment, and deliveries are scheduled to take place within four years.

Abu Al-Khair also said that the most important feature of the project is the loading rate, which does not exceed 30% Out of the company’s keenness to achieve the highest standards of quality and efficiency.

the Chairman of the Board of Directors announced the contracting with ERA and CFM, affiliated with the Orascom Group, to manage and operate the project in accordance with the latest international standards.

Iraqi added that the project provides an ideal work environment for investors and entrepreneurs, as it provides a variety of services and facilities that ensure their comfort, including 3 underground floors designated for a car garage, two entrances to the project on the main street, elevators and escalators to serve the building, next to a meeting room in every floor.

He also confirmed that the company exists to expand its real estate projects, as it implements residential, commercial and administrative projects in new cities such as the Administrative Capital, October, Sheikh Zayed, and Shorouk.

The company also owns a large amount of land used for development during the specified period, which has led to a production volume of its business that has now exceeded 8 billion pounds.

It is worth noting that Engineer Mahmoud Abu Al-Khair is the Chairman of the Board of Directors of the Geder Group for Real Estate Development and the Chairman of the Board of Directors of I Capital Real Estate Development, and a member of the Board of Directors of the New Cairo and New Administrative Capital Developers Association.

He also holds a membership in the Real Estate Investment Division of the Egyptian Chamber of Commerce, as well as a membership in the Egyptian Businessmen Association.