.jpeg "80% of the concrete work")
Jawad Developmentsmade progress80% of the concrete work on the Val Plaza project
Jawad Developments has made substantial progress on the Val Plaza project, completing 80% of the concrete work and targeting January 2026 for initial deliveries. CCO Ayman Nawar highlighted the company’s focus on advancing construction, aiming to accelerate finishing work throughout 2025. Jawad has partnered with LG to manage the electromechanical works, underscoring its commitment to quality by collaborating with specialized firms.
The project’s sales have already exceeded one billion Egyptian pounds, with Jawad reserving 20% of units, which will remain off-market for the time being. In response to strong demand and limited supply, particularly in West Cairo, Jawad has acquired a new plot in a prime location to develop a mixed-use residential and commercial project, with details to be announced soon.
Nawar noted that West Cairo is still ripe for various developments and is becoming increasingly attractive due to its recent infrastructural enhancements, including schools, universities, and improved road networks. The anticipated global opening of the Grand Egyptian Museum and projects in areas like New Sphinx and New October are expected to stimulate further growth and investment.
Looking at Egypt’s real estate market, Nawar emphasized that real estate is deeply ingrained as a secure investment choice for Egyptians, serving both as a residence and a hedge against inflation, especially amid global economic uncertainties. The state has also contributed by promoting urban expansion, doubling inhabited areas from 7% to 14% of Egypt's land, and supporting large-scale real estate ventures that attract foreign and local investors alike.
This sustained urban development, backed by state-led infrastructure and successful foreign investment deals, such as the Ras El Hekma development, is set to bolster investor confidence and stimulate further growth in Egypt’s real estate sector.
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