Cairo - Mubasher: Zodiac Development revealed that its investments in the market reached EGP 5 billion, with plans to be increased in the first quarter (Q1) of 2022. 

The company is investing EGP 400 million in a new project in the New Administrative Capital named Mizar, Chairman Hassan Hassanein said in a press conference.

The 13-storey project features commercial, administrative, medical units over an area of  2,650 square metres (sqm) and a built-up area of 16,500 sqm. 

Moreover, the company contracted with a number of major consulting companies in the Egyptian market to manage, carry out, and supervise engineering and architectural designs of Mizar project.

Zodiac Development contracted with YBA Architects headed by Yasser Al Beltagy to take over tasks of supervising the implementation of all engineering and architectural designs for Mizar project.

The company also hired INMA, one of Genena Group’s companies, which has great experience in managing and operating mixed-use projects.

On a side note, the Chairman revealed that the company has been awarded the development and operation of Sednawy mall with an investment cost worth EGP 80 million.