ERG New Capital Egypt, a leading real estate development company, has announced the construction of a Monorail Tower as part of its ambitious new project in the New Administrative Capital.

The tower, which will be called the ERG Monorail Tower, will be a first-of-its-kind entertainment and transportation landmark that will connect the New Administrative Capital with nearby cities.

The Monorail Tower will house a state-of-the-art monorail system that will provide fast and efficient transportation solutions for commuters and residents. The tower itself will be a stunning 47-story high-rise structure that will serve as a multi-purpose landmark, complete with retail spaces, restaurants, and cafes.

The ERG Monorail Tower is set to become a major destination for tourists and visitors who will be able to enjoy panoramic views of the New Administrative Capital and beyond from the tower's observation deck, which will be located on the upper floors of the tower.

The tower's design will incorporate sustainable building practices, with an emphasis on energy efficiency and green technologies. The tower's exterior will be covered in solar panels, which will help to generate electricity for the tower and surrounding areas.

ERG New Capital Egypt's CEO, Ahmed El-Sayed, said: "We are thrilled to unveil our plans for the ERG Monorail Tower, which will showcase the latest in sustainable building practices and innovative design. Our goal is to create iconic landmarks that not only enhance the New Administrative Capital but also contribute to the development of Egypt's economy and infrastructure."

ERG New Capital Egypt has been at the forefront of real estate development in Egypt, with a portfolio that includes a range of commercial and residential projects across the country. The company is committed to sustainable development and is dedicated to creating innovative, world-class projects that contribute to Egypt's growth and development.

The ERG Monorail Tower is slated for completion by 2024, and it is expected to become a major landmark in the New Administrative Capital, serving as a new hub for transportation and entertainment. With its cutting-edge design and innovative features, the ERG Monorail Tower is set to become one of Egypt's most iconic structures, and a testament to the country's growing influence in the region.