Egyptian Developers accelerates construction of Jaya East mall and prepares for new project in Shorouk

Egyptian Developers has successfully executed a solid construction strategy for the Jaya East project in Shorouk city, reaching a notable 90% completion rate ahead of schedule. The company has also achieved strong sales for the project and is now preparing for the launch of a new development in the same area. This progress underscores the effectiveness of the company’s strategic approach to real estate development.

Abdel Rahman Abu Zeid, Chairman of Egyptian Developers, stated that in addition to the significant progress of the Jaya East mall, the company is preparing to introduce its latest development in Shorouk. This forthcoming project is poised to be a transformative development, bringing a distinctive offering that is expected to captivate clients and make a significant impression on the local real estate market. It aims to redefine the property development scene in Shorouk city, setting a new standard for innovation and value in the area.

Abu Zeid added that Jaya East, launched in February 2023, has already generated revenues of EGP 400m. Located in one of the most prominent areas in Shorouk city, the project sits directly on the city’s main axis, Gamal Abdel Nasser Road, opposite the Sakan Misr compound. It is just 3 minutes from the Sodic East compound, 2 minutes from the Geneva Road, 3 minutes from the high-speed electric train station, and 5 minutes from the Suez Road.

He noted that Jaya East is not merely a building, but a fully integrated commercial project, featuring Egypt’s first entertainment license and offering cutting-edge, innovative commercial spaces. The company has already sold 80% of the project and, due to strong demand, launched the second phase of the project under the name Jaya Mark, maintaining the same high-level amenities.

Abu Zeid revealed that the company achieved EGP 350m in sales from Bloom Mall, which was launched in July 2023. This project set new standards for developing distinguished real estate projects with the highest quality standards.

Additionally, the company launched Jaya Mark Mall El Shorouk in May 2024, generating EGP 450m in revenue, highlighting the strong and successful impact of the company in real estate development sector.

He also mentioned that the company owns the Jaya Business Complex in the Downtown area at New Administrative Capital, located just one minute from the regional ring road, one minute from the Bin Zayed axis, and one minute from the high-speed train and monorail stations. The project, which sits on two main streets, features a ground floor and 10 stores over an area of 6,000 sqm. Moreover, 90% of commercial properties have been sold out.

Abu Zeid stated, “Our goal is to develop commercial buildings with innovative and advanced features. We do not just build real estate; we create architectural landmarks. We are distinguished by our choice of strategic locations that enhance investment opportunities and encourage a modern, forward-thinking approach to work.”

He revealed the company’s plans to launch a new project that will be one of the largest developments in Shorouk. This project will be the first of its kind in the city, featuring a highly strategic location on both the Geneva and Gamal Abdel Nasser axes.

Abu Zeid pointed out that the company’s growth and success in achieving its sales targets reflect a clear expansion strategy. Each project has been built upon the success of the previous one, contributing to the company’s expanding capabilities and market presence. The company’s innovation in execution enhances its ability to deliver projects ahead of schedule, with exceptional quality, clearly reflecting its strategic vision.

He also acknowledged that the company’s team plays a key role in these achievements. Their dedication, expertise, and passion are directly responsible for the continuous success and future growth of the company. Every achievement is a testament to the collective efforts driving the ongoing success of the company.