Zawaya Developments and EDIC Developments have fashioned a strategic partnership to develop SIA Boulevard, a mixed-use undertaking in sixth of October Metropolis, with whole investments of EGP 3.5bn.
Situated at Al-Najda Sq., the undertaking will embody retail, workplace, medical, hospitality, and leisure parts. Building and excavation works are presently underway, with the builders focusing on the undertaking’s operation inside three years.
Mohamed Raouf, Chairperson of Zawaya Developments, mentioned the grasp plan has been revised to increase its mixture of companies and actions in response to present market necessities. The event is being positioned as a mixed-use vacation spot fairly than a standalone retail undertaking.
The businesses have additionally entered into agreements with specialised operators and repair suppliers overlaying property administration, healthcare, sports activities, leisure, and meals and beverage actions.
Amr Zaki, Chairperson of EDIC Developments, mentioned the undertaking has been redesigned to incorporate retail, administrative, medical, and hospitality makes use of, with a concentrate on operational administration and repair continuity. He added that the undertaking is predicted to turn into operational inside three years.
Asset Pillar Improvement and Property Administration has been appointed because the undertaking’s grasp operator, overseeing property administration and operations. Medical Algorithm, an Egyptian-Saudi healthcare administration firm, will handle the medical part.
The undertaking will even characteristic a sports activities zone operated by HPadel & CrossFit and a kids’s leisure space managed by Giggle & Wiggle. Guitara Restaurant & Café will be part of the undertaking’s meals and beverage choices.
Hafez Consultants has been appointed for architectural design and engineering consultancy. The grasp plan will embody an open-air pedestrian boulevard with landscaped areas and water options, whereas chosen retail models will characteristic outside terraces.
SIA Boulevard will comprise retail models on the bottom and first flooring, medical clinics, administrative places of work with versatile flooring configurations, and hospitality models.
