Jawad Developments has announced a partnership with Eltizam Egypt, a provider of integrated asset and facilities management services, to manage and operate the Val Plaza project in 6th of October City, west Cairo, ahead of the mall’s opening in the first half of next year. The agreement marks a strategic shift to professional operations, enhancing the project's value and investor returns.
Jawad Developments has completed construction on its Val Plaza project in west Cairo, including all external finishing, and is now moving into the operational phase, according to Adel Abdel Jawad, the company's chairperson. The partnership with Eltizam Egypt, a specialist in asset management, is a deliberate strategy to ensure the mall operates professionally from launch. This collaboration seeks to boost the project's overall value, maximize returns for investors, and provide visitors with top-tier comfort, safety, and service through cutting-edge practices and systems tailored to the real estate market's demands.
Spanning about 6,250 square metres, Val Plaza features 285 multi-use units: 100 retail spaces on the ground and first floors, plus 185 administrative and medical units on the upper levels, creating an all-in-one commercial and services hub.
Mohamed Essam, CEO of Eltizam Egypt, described the deal as a vote of confidence in his firm's operational strengths and market leadership. He highlighted the company's over 130% annual revenue growth, management of a diverse portfolio exceeding 2 million square metres, oversight of more than 8,000 real estate units, and a contract book surpassing 120 agreements.
Abdel Jawad emphasized that Val Plaza embodies Jawad Developments' approach to market challenges via a flexible, efficient integrated commercial model. It is built to serve investors and brands alike, promoting long-term sustainability and reliable investment yields in the near future.