EFID Developments announced starting the implementation of “PARK Valley” project in the New Sheikh Zayed City, in parallel with the launching of the project and the start of marketing it to clients, which proves the existence of a specific implementation plan based on the strength of the company’s solvency.
Mohamed Abdel Badie, Chairman of EFID Developments, said that the company has a plan to implement the project within strong and accelerated rates, to be delivered to clients according to the specified schedule and with the highest quality standards, along with launching the project and offering it to clients with competitive advantages and distinctive payment systems that commensurate with the targeted clients.
He pointed that starting the implementation comes according to relying on a strong financial position, as well as to prevent the gap between the selling price and the implementation costs, especially with the rise in the prices of raw materials as a result of the global economic changes, which affects the implementation prices, assuring that the company has a plan for delivery within two years.
He noted that the project is built on an area of 21,000 square meters, located next to the first gate of New Sheikh Zayed City, and near Dahshur link, and includes 26 separate villas and 8 twin houses, and construction is done only on 15% of the whole land area and the rest is dedicated to the landscape and internal roads of the project.
He pointed that studying the market and following up developments and the client’s purchasing power, represent essential elements for providing flexible payment systems that support clients’ decision, and at the same time provide cash flows to the company from marketing revenues, as the company offers competitive payment systems that include 10% down payment and the rest over 4 years, and 15 % down payment and the rest over 5 years, and 20% down payment and the rest over 6 years, besides the company also offers a discount on immediate payment.
He referred to the diversity of the units’ area within the project, which ranges between 258 to 300 meters, divided internally to ensure optimal utilization of the unit, and provides a life full of luxury, tranquility and wide spaces, as the company focuses on the harmony between life within the units and life within the entire project to provide a unique and distinct living experience for clients.
He pointed that each unit includes an independent swimming pool and a large garden, and the project also includes water lakes and a walkway for the entire project’s residents, besides the project’s management and operation of the project are based on technology and artificial intelligence, which aligns with the global trend in transition towards fully smart cities and projects, and aligns with the state’s orientation towards launching smart cities.
He added that the company has a plan to invest 1.2 billion pounds in West Cairo, during the first year of launching its projects there, as West Cairo district was chosen to start the company’s investments to benefit from the comprehensive urban development witnessed in that region, as well as to benefit from the real demand in this district.