Rayn Developments has made progress on its "Voco Mall" project, located on an area of 4,270 square meters in the heart of the New Administrative Capital. Engineer Ihab Al-Obaidi stated that 30% of the construction work for the Voco Mall project has been completed, with delivery expected within 24 months. He added that the unit sizes start from 26 square meters, and the company has provided payment systems to suit all customer segments.
The project is located in one of the most prominent and vibrant areas of the New Administrative Capital, surrounded by the largest residential zone. It also incorporates the latest artificial intelligence technology in managing the mall.
Engineer Ihab Al-Obaidi, the chairman of the company, explained that the mall covers an area of 4,270 square meters with a building ratio of 30%, and it features commercial, administrative, and entertainment functions. The project is located in the R3 area of the New Administrative Capital, with views of the iconic tower, the monorail station, and near the Ben Zayed axis.
The company has adopted plans to address any changes in the real estate market, especially regarding project execution. The company is committed to ensuring the continuous implementation of its projects without delays, which is why construction work for the Voco Mall project began before it was offered for sale.
Al-Obaidi emphasized that the company’s philosophy is to first pay for the land entirely, obtain all necessary permits, hire a strong consulting office for design, and then begin construction work. This approach was followed in the Voco Mall project. He also stated that the company’s strong financial position enables it to complete its projects without the need for external financing or loans.
The company has delivered 27 projects ahead of schedule by six months, reflecting its strong financial position. He pointed out that the company owns a large portfolio of land in the New Administrative Capital.
The company is committed to providing distinguished offerings in its projects for its clients, ensuring the optimal use of their units and sticking to the agreed timelines, which enhances customer trust. He noted that the Voco Mall project will be fully completed within 24 months.
Mohamed Hossam, the company’s Head of Sales, mentioned that the Voco Mall is a mixed-use mall, consisting of a ground floor and three additional floors, with breathtaking views of green spaces. It also features unique architectural designs, smart lighting technology, and includes 85 commercial and administrative units. The average prices range from EGP 110,000 to EGP 305,000 per square meter.
He added that the unit sizes in the project start from 26 square meters, and the company offers flexible payment systems to suit all customer segments. Payment facilities are available for up to 9 years, and the company plans to release a new phase for sale each month. He emphasized that the company’s strong financial position allows it to meet its commitments according to the project’s execution programs.
Engineer Hesham Yehia, Chairman of Convoy, mentioned that the Voco Mall is the first mall in the Middle East, and even the world, to use healing energy through specific materials incorporated into the building materials. He added that this energy helps eliminate harmful bacteria.
The company is contributing to Egypt’s major digital transformation and directly supports the achievement of Egypt’s Vision 2030, especially in the sector of mixed-use developments.
Reham Abu Bakr, the CEO of Operations, pointed out that the company has completed 30% of the construction work for the project. She also mentioned that the company owns a large portfolio of land in the New Administrative Capital.
She emphasized that the Egyptian real estate market is an investment hub for the entire Middle East, with significant competition. However, every company offers something unique. She noted that the Egyptian market is resilient and can withstand crises, but it requires creativity, new ideas, and diverse real estate products to meet customer needs. This is precisely what Rayn Developments offers in the Voco Mall project.
Abdul Razzaq Al-Sheihi, Chairman of Dealers Studio, commented that the Voco Mall differs from many other malls launched recently because it offers modern technological management that is also environmentally friendly. It also features an attractive aesthetic and highly competitive prices in the heart of the New Administrative Capital, making it a promising investment opportunity for all investor segments.
He explained that the company works scientifically to communicate ideas within the organization. When starting to work on the concept of the company’s name, "Rayn Developments," the name carries a meaningful message. "Rayn" represents both rain, which is renewable, and a young king, which aligns with the company’s vision of continuous innovation and evolving ideas that meet changing customer needs.
The name of the mall, "Voco Mall," means "meeting together," as people always go to malls for shopping, communication, and socializing.
Abdul Razzaq Al-Sheihi noted that the project’s location is in an area not currently developed in the New Administrative Capital, making it a pure service and entertainment project. It is surrounded by the largest residential area, which makes it an exceptional investment opportunity that will definitely succeed.
The company’s marketing strategy relies on a unique selling proposition (USP), which conveys the brand’s values and benefits through the products or services offered and the benefits to customers. The Voco Mall project is a unique product as it is licensed and under construction, with completion expected in 24 months.
Engineer Karim Osama, Chairman of OYK Engineering Consultancy, highlighted the careful design and planning of the project to make it one of the most competitive and attractive projects in the New Administrative Capital.
He clarified that the mall is located in the R3 area in the heart of the New Administrative Capital, surrounded by many universities and residential neighborhoods, prompting an innovative and different design. The mall will offer entertainment for all ages.
Mohamed Mohy, Chairman of Incomercial for Management and Operations, stated that the company aims to collaborate with all distinguished partners in the Egyptian real estate market, targeting the highest standards of building quality.
He noted that the Voco Mall project is a modern and innovative real estate product for commercial and administrative uses, making it an ideal project for both local and global brands to enhance their presence in Egypt’s active and ever-growing market.
He added that the partnership with Rayn Developments came after aligning strategic visions aimed at providing the best services to clients and investors, ensuring maximum benefit from their investments.
