Karnak Developments has appointed ICO for Consultants as the executive consultant for its fully integrated residential project, Belva, located in New Zayed City, West Cairo, as part of the company’s strategy to enhance construction quality and deliver the project in accordance with the highest engineering and execution standards.
The partnership reflects Karnak Developments’ commitment to collaborating with leading engineering and consultancy firms to ensure operational excellence, technical efficiency, and long-term investment value for the project.
Belva Enters Construction Phase Following Completion of Required Approvals
Commenting on the agreement, Eng. Mohamed El Basha, Chairman of Karnak Developments, stated that appointing ICO for Consultants represents a strategic milestone in the development of Belva.
He added that the collaboration aligns with the company’s vision of delivering high-quality real estate projects by partnering with experienced engineering consultants capable of ensuring the highest levels of execution, while enhancing the project’s long-term investment value.
The appointment coincides with the launch of construction activities at Belva following the completion of all required permits and regulatory approvals, marking the project’s transition into the execution phase according to the targeted development schedule.
El Basha emphasized that strategic location selection, partnerships with top-tier engineering experts, commitment to construction excellence, operational efficiency, and comprehensive after-sales services remain key pillars of Karnak Developments’ strategy to maximize value for customers.
Strategic Location in the Heart of New Zayed City
Located in the Green Revolution district of New Zayed City on Street 2, Belva enjoys a strategic location with direct access to major destinations and vital services across West Cairo.
The project is located:
- Three minutes from ZED Park.
- Five minutes from Hyper One.
- Seven minutes from Al Ahly Club.
- Ten minutes from Arkan Plaza, Dandy Mall, and Smart Village.
- Fifteen minutes from Mall of Arabia.
This prime location positions Belva among the most strategically located residential developments in New Zayed.
Belva: A Sustainable Residential Community Spanning 18.5 Feddans
The project extends across 18.5 feddans, with a low-density design approach featuring a building footprint of only 19% of the total land area.
More than 80% of the project’s area is dedicated to landscaped greenery, open spaces, recreational facilities, and integrated amenities, creating a sustainable residential environment focused on residents’ comfort and quality of life.
Belva consists of 21 residential buildings, each featuring a ground floor and six upper floors, offering a diverse selection of apartments and duplexes ranging from 90 sqm to 267 sqm.
The project provides flexible payment plans extending up to 10 years, with completion scheduled within three and a half years. Construction works are already underway following the successful completion of all necessary approvals.
Integrated Amenities Designed for Modern Living
Belva offers a comprehensive range of facilities and lifestyle amenities designed to meet the needs of contemporary residential communities, including:
- Commercial and administrative areas.
- Underground parking equipped with electric vehicle charging stations.
- Fully serviced clubhouse.
- Swimming pools.
- Tennis, padel, and basketball courts.
- Modern gym facilities.
- Children’s area.
- Yoga and Pilates studio.
- Advanced 24/7 security systems supported by surveillance cameras.
The project’s architectural vision was developed by renowned architect Raef Fahmy, one of the region’s leading figures in architecture and urban design, with more than 35 years of experience and an extensive portfolio of award-winning projects.
Karnak Developments Builds on More Than Three Decades of Real Estate Expertise
Eng. Mohamed Yousry, Chief Executive Officer of Karnak Developments, highlighted the company’s extensive track record in the construction and real estate development sector since its establishment in 1990.
Over the past decades, Karnak Developments has successfully developed more than 400,000 sqm and delivered over 3,150 residential units, in addition to executing several distinguished projects across Cairo and Alexandria.
The company also owns Vitali Mall in New Cairo’s Fifth Settlement and continues to expand its portfolio through the development of Belva in New Zayed City.
ICO for Consultants Brings Extensive Engineering Expertise to Belva
Yousry explained that the appointment of ICO for Consultants represents a significant addition to Belva, given the company’s strong reputation as one of Egypt’s leading engineering consultancy firms specializing in structural design and executive supervision.
ICO is led by Prof. Dr. Mohamed Sayed Moawad, Professor of Reinforced Concrete Structures at the Faculty of Engineering, with membership in several regional and international engineering organizations.
The firm has developed an extensive portfolio of clients, including major real estate developers and institutions such as City Edge Developments, IL Cazar Developments, LMD, Al Borouj Misr, Porto Rentals, and the Egyptian Armed Forces Engineering Authority.
ICO has also contributed to the successful delivery of several landmark projects across Egypt, including Creek District, The Crest, Etapa, Arabella Plaza, Connex Park, and West Drive, in addition to a number of high-rise towers and prestigious developments in the UAE, reinforcing its expertise in engineering consultancy, structural design, and executive supervision.
