In a record-breaking timeframe of less than three months, Mithaq Arab Group (MAG) has announced the completion of soil testing and geotechnical investigations for its flagship project, LÁ REVÁ, located in Egypt’s New Administrative Capital (NAC). Following the official land handover, the group has already commenced site leveling and grading works, while simultaneously finalizing the first phase of procedures to obtain the Ministerial Decree.
Driven by an ambitious expansion strategy in the Egyptian real estate market, Mithaq Arab Group—a strategic alliance merging Emirati expertise with Saudi and Egyptian investments—revealed the latest milestones for LÁ REVÁ. Sheikh Abdullah Al-Amoudi, Chairman of MAG, emphasized that the decision to invest in Egypt stems from a profound belief in the resilience of the Egyptian economy and the inherent growth potential of its real estate sector. He described it as the largest and most dynamic market in the region, fueled by genuine and effective demand.
“The New Administrative Capital stands as the crown jewel of our investment,” stated Al-Amoudi. “It represents Egypt’s future vision and serves as an ideal platform for investors seeking a stimulating environment backed by world-class infrastructure. At Mithaq Arabia, we are proud to be an integral part of this comprehensive development renaissance, contributing to the creation of integrated urban communities that reflect Egypt’s stature and the aspirations of its people.”
Sheikh Al-Amoudi further noted that LÁ REVÁ encapsulates the group’s decade-long regional expertise in the Gulf. MAG aims to transfer its success stories from the UAE and Saudi Arabia to the heart of the NAC through substantial investments. The project serves as a model of Arab integration, blending contemporary architectural designs—supervised by top-tier consultants—with an authentic Arab identity, all while committing to a smart, sustainable lifestyle.
Mr. Mohamed Magdy, CEO of Mithaq Arab Group, announced that the group targets sales of EGP 4 billion during 2026, coinciding with the projected complete sell-out of the project’s first phase. He highlighted that LÁ REVÁ spans 38 acres in the R8 district (Plot P1), boasting a prime location near the Diplomatic Quarter, the Government District, and the Capital International Airport. To ensure the highest standards of quality, MAG collaborated with a prestigious consortium of consultants, including MTA (Mohamed Talaat Architects), HZ for structural engineering, and Oekoplan for landscape design.
The company’s CEO underscored that the project introduces a new concept of modern living, with a built-up area not exceeding 22.5%. The remaining vast space is dedicated to greenery, exceeding 90,000 square meters, and water features covering 6,500 square meters. The project offers diverse units ranging from studios to “Royal Houses” (duplexes), with sizes between 78 and 304 square meters. To meet the needs of luxury seekers and investors, the company has introduced flexible payment plans starting with a 10% down payment and installments spanning up to 15 years, alongside cash discounts of up to 50%.
