Arclyn Developments pays 86% of land value for Metrova project

Arclyn Developments has announced the payment of 86% of the land value for its “Metrova” project, located in the MU23 district of Egypt’s New Administrative Capital. The company stated that the payment was made through self-financing prior to the project’s official launch to clients, a move intended to demonstrate its financial solvency and commitment to the Egyptian real estate market.

Chairman Yasser El Prince noted that the company operates under an Egyptian-Emirati investment partnership, aiming to combine diverse expertise in investment and development. The Metrova project is designed as a mixed-use development, integrating commercial, administrative, medical, and hotel activities. The company's strategy focuses on long-term planning and selecting real estate products tailored to specific locations and target market segments.