Nile Business City is a new mixed-use development in the New Administrative Capital (NAC) of Egypt. The NAC is a planned city 45km east of Cairo that was announced in 2015 by President Abdel Fattah el-Sisi as a solution to Egypt's overcrowded capital. The development is aimed at creating a new administrative and financial center for Egypt, as well as providing a solution to Cairo's informal settlements.

Nile Business City is being developed by Misr Italia Properties, a subsidiary of the Misr Italia Group, one of the leading real estate developers in Egypt. The development is located in the Downtown area of the NAC, which is set to be the heart of the New Capital.

The development is spread over 50 acres and will feature a mix of office buildings, residential units, retail outlets, and recreational facilities. The total built-up area of the development is expected to be around 500,000 square meters, with a total investment of EGP 16 billion (USD 1 billion).

The development will feature a central park that will act as a gathering space for residents and visitors. It will also feature a large plaza that will host outdoor events and festivals. The project also includes a hotel, which will be operated by Hilton, and a mall that will be operated by Emaar, one of the largest real estate developers in the Middle East.

Nile Business City is expected to be completed in phases, with the first phase scheduled to be completed by the end of 2023. The first phase includes the construction of six office buildings with a total built-up area of 150,000 square meters. The first phase will also see the development of a residential complex with 900 units, as well as the central park and plaza.

The development is being designed by world-renowned architecture firm Skidmore, Owings & Merrill (SOM), which has worked on iconic projects such as the Burj Khalifa in Dubai and the Freedom Tower in New York City.

Nile Business City is expected to play a significant role in the development of the NAC and the growth of the Egyptian economy. The development is aimed at attracting international and domestic investors, as well as creating job opportunities for Egyptians.

In conclusion, the Nile Business City in the New Administrative Capital of Egypt is a major development that will provide a new center of administrative and financial activity for the country. The project is expected to attract significant investment and create job opportunities, as well as improving the quality of life for residents of the New Capital. The project is being developed by one of Egypt's leading real estate developers, and is designed by a world-renowned architecture firm. Nile Business City is set to become an iconic landmark in Egypt and the Middle East.