Civilia Developments has announced the signing of four strategic partnerships with specialized companies as part of its preparations to develop and operate STEEP Mall, its new commercial, administrative, and medical project in Sheikh Zayed City, with targeted investments of EGP 2 billion.
The partnerships aim to ensure an integrated development and operational experience based on specialized management of the project’s various activities, while enhancing its operational efficiency and long-term investment value.
The new project reflects Civilia Developments’ strategy to strengthen its presence in Egypt’s real estate market through the development of diversified projects that meet the needs of clients and investors. The company aims to provide an integrated range of services and activities, further enhancing its competitiveness and market position.
Mohamed Gad: STEEP Mall Marks a Major Step in Civilia Developments’ Expansion Strategy
Eng. Mohamed Gad, Chairman of Civilia Developments, said that STEEP Mall represents an important milestone in the company’s expansion strategy, marking its entry into the commercial, administrative, and medical real estate sectors.
He explained that the project builds on the company’s experience and success in developing its residential project, CIV West, allowing Civilia to expand its real estate portfolio and offer an integrated product that combines residential units with a diverse range of commercial activities and services.
STEEP Mall Benefits from a Strategic Location in Sheikh Zayed’s Golden Square
Gad noted that STEEP Mall is strategically located in the Golden Square area of Sheikh Zayed City, at one of the city’s highest elevations, giving the project a competitive advantage in terms of location and visibility.
He added that the company carefully selected the project’s location to complement its targeted activities and accommodate the scale of services planned for the surrounding community.
The project is being developed on a land area of 5,612 square meters and comprises three basement levels, a ground floor, and four upper floors, with targeted construction investments of approximately EGP 2 billion.
STEEP Mall will feature a diverse mix of commercial, administrative, medical, and entertainment activities, creating an integrated destination that maximizes space utilization and serves different customer segments.
STEEP Mall to Feature More Than 11,300 Square Meters of Diverse Activities
Gad explained that the project includes more than 2,500 square meters dedicated to medical activities, approximately 4,000 square meters of administrative space, and 4,800 square meters allocated to commercial and entertainment activities.
This diversified mix is designed to serve a broad range of clients, companies, and service providers, while creating an integrated environment that brings together different business and service activities.
Civilia Developments Completes 80% of STEEP Mall Construction Before Sales Launch
Gad revealed that Civilia Developments has completed approximately 80% of the construction works at STEEP Mall before offering any units for sale, following the same approach adopted in the company’s first project, CIV West.
He emphasized that this strategy reflects the company’s strong financial position and its ability to finance and execute projects according to clearly defined timelines, prioritizing actual construction progress before launching sales and marketing activities.
He further explained that Civilia Developments follows a comprehensive development philosophy that goes beyond constructing and selling real estate units. The company’s approach incorporates advance planning for project management and operations to maintain quality, preserve investment value, and strengthen long-term sustainability and competitiveness.
Four Specialized Companies to Manage and Operate STEEP Mall
As part of this integrated vision, Civilia Developments has signed strategic partnerships with four specialized companies to contribute to the design, management, and operation of STEEP Mall.
The partnerships cover the following responsibilities:
- Asset Pillar: Responsible for the overall management and operation of the mall.
- E-Spaces: Responsible for managing and operating the administrative component.
- Healthy Care: Responsible for managing and operating the medical section.
- ADC: Providing engineering consultancy and design services for the project.
These partnerships aim to leverage the specialized expertise of each company and establish an integrated operational framework tailored to the nature of the project’s different activities.
Through this approach, Civilia Developments seeks to enhance operational efficiency, improve the user experience, and preserve STEEP Mall’s long-term investment value, reinforcing its commitment to delivering high-quality real estate projects that combine strategic development with professional management and operation.
