Jawad Developments appoints Eltizam Egypt to manage and operate Val Plaza Mall in west Cairo

Cairo 05 January 2025:

Jawad Developments has announced a partnership with Eltizam Egypt company, a leading provider of integrated asset and facilities management services, to manage and operate Val Plaza project in 6th of October city, west Cairo, as the company prepares to operate the mall during the first half of next year.

Commenting on the agreement, Dr. Adel Abdel Jawad, Chairman of Jawad Developments, said that the project constructions have been fully completed, including all external finishing works, and that the company is now moving into actual operation phase.

Dr. Abdel Jawad added that partnering with a specialized company with strong expertise in asset management represents a strategic step to ensure the mall is operated professionally from day one.

Dr. Abdel Jawad noted that the partnership with Eltizam Egypt is intended to optimize the project’s overall value and maximize investment returns for Val Plaza clients, while delivering the highest standards of comfort and safety for visitors.

He pointed out that this will be accomplished through the adoption of advanced operation practices and modern management systems aligned with evolving needs of real estate market.

He disclosed that Val Plaza is being developed on a total area of approximately 6,250 sqm and comprises 285 multi-use units, including 100 retail units distributed across the ground and first floors, as well as 185 administrative and medical units located on the second, third, and fourth floors, positioning the project as an integrated destination serving a wide range of commercial and service properties.

For his part, Eng. Mohamed Essam, CEO of Eltizam Egypt, expressed his pride in partnering with Jawad Developments, praising the company’s strong commitment, clear vision, and leading position in the Egyptian real estate market.

He added that the new agreement reflects the growing confidence in Eltizam Egypt’s operation capabilities and its leadership in integrated asset management within the Egyptian market, noting that the company continues to achieve strong growth rates and significant expansion across the asset portfolio it manages.

Eng. Essam explained that Eltizam Egypt has recorded an annual revenue growth rate exceeding 130% and currently manages real estate, administrative, and commercial assets with a total area exceeding 2 million sqm.

The company oversees more than 8,000 real estate units and maintains a contract portfolio exceeding 120 contracts. In addition, Eltizam Egypt employs over 2,000 specialized professionals, with its services spanning 17 geographic clusters across Egypt.

Dr. Abdel Jawad elaborated that the Val Plaza Mall reflects the company’s vision of responding to current market dynamics by introducing an integrated commercial model characterized by flexibility and operation efficiency.

He concluded by stating that the mall is designed to meet the needs of investors and brands alike, supporting its long-term sustainability and enhancing its ability to deliver strong and stable investment returns in the coming period.

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