Zaytoun Development Company has announced a new partnership with Inspire for Management and Operation, adding to the list of successful partners in the INIZIO project in the New Administrative Capital, as this contract adds to the project’s investment value.
The contract was signed by Engineer Ahmed Zaytoun , Chairman of the Board of Directors of Zaytoun Development Company, and Mohamed Zaki, Development Manager at Inspire for Management and Operation, in the presence of officials from both companies.
Engineer Ahmed Zaytoun, Chairman of the Board of Directors of the company, affirmed that Zaytoun Development Company is adding a new successful partner to the project, and that Inspire is one of the leading companies in the field of managing and operating various real estate projects in Egypt and the Middle East. Inspire will undertake the management, operation, and organization of the “INIZIO” project in the New Administrative Capital.
He pointed out that the presence of management companies in real estate projects has become an essential part of the contracts that a development company undertakes to implement its project. The smart choice of successful management companies with a distinguished track record in maintaining the quality of the projects they manage, as is available in Inspire for Management and Operation, is crucial.
He said, “Implementing a pioneering investment project is only complete with the cooperation of a successful management company that can, through its strong expertise, preserve the investment value of the project and maximize its investment returns. Any real estate project is considered a real estate wealth that must be preserved to become a reference for the company’s history and previous work, while at the same time preserving the investments of its clients.”
He added that this cooperation comes in parallel with reaching a construction completion rate of more than 95% in the project, as the company has started delivering the project according to the specified schedule, noting that the project’s construction plan is in line with the marketing plan, as more than 90% of the project has been marketed.
He explained that the “INIZIO” project is a commercial and administrative project located on an area of 10,500 square meters and consists of 180 units of various sizes. The project is located in a prime location in the financial district and is located in a vital place for the headquarters of banks and ministries, where the prime location of the project ensures the best return on investment for customers.
He pointed out that the partners of success in “INIZIO” are Arkrite, Diwan for Electromechanical Works, and Inspire for Project Management, and the engineering consultant Dr. Osama Aqil, all of which are strong entities that guarantee the implementation of the best project with the highest quality standards and within the specified timeframes, stressing that despite the market challenges, the company has maintained its contracts with its customers.
Engineer Mohamed Essam, Executive Director of Inspire for Management and Operation, said that the company is cooperating with Zaytoun Development Company in its flagship project, “INIZIO,” which has all the elements of excellence, as the project is located in a strategic prime location and the implementation and work on the project is carried out by successful partners with extensive experience in the field, stressing that his company has strong and distinctive work plans to ensure the preservation of the quality of this project and its competitive advantages.
Mohamed Zaki, Development Manager at Inspire for Management and Operation, added that the company has a proven track record in managing various real estate projects in the Middle East since 2008, and in the Egyptian market since 2021, and manages 17 projects classified as “mega projects” in 15 governorates, which is approximately 20,000 residential, administrative, and commercial multi-use units, as it has the expertise that helps it provide strong and effective solutions that ensure the best operation of the project and the best service for project visitors, which ensures the best return on investment.
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