Egypt’s new administrative capital, located east of Cairo, is transforming the country’s economic landscape. The city is poised to be a hub for businesses, government services, and entertainment. One of the key projects that will shape the future of this new city is the Nile Business City.
Nile Business City is a mixed-use development that spans an area of 6.2 million square meters. The project is led by China State Construction Engineering Corporation (CSCEC) and is estimated to cost $20 billion. Once complete, the project will have 20 towers, including the tallest tower in Africa at 385 meters.
The project is divided into two phases, with the first phase set to be completed in 2022. The first phase will include three office towers, two luxury hotels, a conference center, a shopping mall, and residential buildings. The office towers will have a total leasable area of 396,000 square meters, which will provide spaces for businesses of different sizes.
The Nile Business City is strategically located between Cairo and the New Administrative Capital, making it a desirable location for businesses. The project is expected to create more than 130,000 job opportunities, which will boost the local economy and increase the demand for housing and other amenities.
Apart from being a business hub, the Nile Business City will also have a range of entertainment options. The project includes four hectares of public parks, a museum, a cultural center, and a theater. The developers have also included a man-made lake that stretches over five kilometers, which will provide a tranquil environment for visitors and residents alike.
The Nile Business City will have state-of-the-art facilities that will be eco-friendly and energy-efficient. The project will feature a centralized heating and cooling system, a waste management system, and a water treatment plant. The developers aim to achieve LEED Gold certification for the project, which will validate their commitment to sustainability.
In conclusion, the Nile Business City is a game-changer for Egypt’s new administrative capital. The project will provide opportunities for businesses and create jobs, which will drive the city’s growth. The developers’ focus on sustainability and eco-friendliness demonstrates their commitment to creating a better future. With the completion of the Nile Business City project, Egypt will be one step closer to realizing its vision of being a regional economic hub.