VOW Developments has launched a new phase in its SOLAS – Financial District project in the New Administrative Capital (NAC), according to company Chairperson Amr Ashour.
The new phase, close to the Central Bank of Egypt (CBE) headquarters, includes 38 units covering 3,000 sqm in selling area, with selling areas starting from 48 sqm.
Ashour said that the company is currently in negotiations with more than one party to sell an entire floor in the project.
He added that the company began marketing the project in early 2020, and has so far achieved good sales.
The SOLAS project includes 24,000 sqm in for sale areas, out of a total of 34,000 sqm in construction area, and comprises of two basements, eight floors and roof.
The project encompasses administrative units only, and does not include any commercial units. It is located in the financial district, in front of the presidential park and close to government ministries.
Ashour emphasised that the company has been keen to ensure employee safety since the start of the coronavirus pandemic, while ensuring construction work continues apace.
Alyaa Hussein, Marketing and Development Consultant at VOW Developments, said the current global health crisis will increase demand for projects with a greater use of technology and a strong infrastructure. With these two elements onboard, work can continue at the same time as maintaining employee safety.
Hussein added, “The company offers a variety of payment systems for the new phase that suit the choices of many customers. This phase also includes a special offer to pay in the name of “666”, which is 6% down payment, a 6% down-payment after six months and a 6% delivery instalment, and another offer in the name of “5555” is 5% down-payment and 5% after one year, 5% after two years, and 5% after three years.”