Carizma Developments has announced the launch of its first project in Egypt’s real estate market, the Z55 project in New Cairo. The company is launching this project as part of a promising investment plan totaling EGP 10bn over two years.
Mohamed ElSaadany, founder and CEO of Carizma Developments, stated that the project is a commercial development combining modern design with a smart strategic location.
He explained that the company sees a real gap in the design and management of commercial spaces in the Egyptian market, noted that the company does not merely build structures but aims to create an integrated experience that reflects the user’s identity and pays attention to the finest details.
ElSaadany added that the new project targets a diverse segment of entrepreneurs, emerging brands, and large companies seeking spaces that reflect their ambitions.
He pointed out that the company is focusing on building strong partnerships, delivering smart services, and ensuring efficient management within the project, all of which align with its core philosophy in real estate development.
He disclosed that the company plans to invest over EGP 5bn in a range of commercial projects in various locations including Fifth Settlement, Sheikh Zayed, and 6th of October. The company aims to launch its first project for sale within six months, targeting a total investment volume approaching EGP 10bn over two years.
He explained that the company was founded in Dubai in 2003, initially specializing in consulting and training. It later decided to move into real estate development in the Egyptian market, especially given the competitive advantages of the Egyptian real estate sector, including strong demand and promising opportunities for serious local and foreign companies.
The Z55 project launch celebration was enlivened by artist Tamer Hosny and attended by a distinguished gathering of stars and artists, alongside sports champions and prominent figures from the media and business sectors.
The event truly embodied the project’s new slogan, “Zoning Attraction.” Additionally, it was announced that a new branch of Adam’s Lounge, owned by Tamer Hosny, will open within Z55 in the Fifth Settlement, building on the tremendous success of its Sheikh Zayed location.
