Akam Developments announced the launch of the third phase of its Scenario compound, located in the New Administrative Capital dubbed ClubView.
Mohamed Amer, Akam’s sales director said, “The announcement of the third phase launch of ‘Scenario’ reflects the major success we achieved with our partners along the past period. The New Capital represents a new era in the urban development; Akam takes the initiative to design projects mainly capitalising on this opportunity, by building optimised communities to maintain the living standards of our clients.”
Amer revealed that the company plans to inject EGP 300m in investments in the third phase of ClubView that will comprise of units with sizes ranging between 132-452 sqm.
“We are also currently working on expanding our market reach by opening company branches in the Kingdom of Saudi Arabia,” said Edrees Mohamed, CCO of Akam.
Akam’s total investment in the Scenario project that extends over an area of 39 feddan exceeds EGP 5bn. The Scenario project comprises of services which include a clubhouse; a central kitchen; a central service area; swimming pools; an amphitheatre; a roof gym; a roof garden; a roof pool; a relaxation area; kids swimming pool; a commercial area; 24/7 security, and health care services.
Akam was established by four major entities: Residence Real Estate Development, one of the top leading merging developers in Egypt; Benyat Egypt which has a strong track record in the development sector in Egypt; Al-Muhaid Group, an engineering consulting firm in the Middle East, and Al-Faisal company for real estate developments.