Egypt's new administrative capital, located between Cairo and the Suez Canal, is set to be the biggest infrastructure project in the country's history. The New Capital will cover an area of around 700 square kilometers and is expected to house five million residents, creating job opportunities and fueling economic growth. One of the main anchor projects of the New Capital is Nile Business City.
Nile Business City is a mixed-use development that spans around 200 acres, with a total investment value of USD 1.5 billion. It is strategically located in the heart of the new administrative capital, along the banks of the River Nile, and just a few minutes away from the international airport. It is intended to be the new financial and business center of Egypt, providing a central location for international and local businesses looking to invest in the country.
The project is being developed by the Master Group, a leading Egyptian real estate developer, in collaboration with international partners such as Banyan Tree Hotels and Resorts, a Singapore-based company, and Costa Luminosa, an Italian real estate developer. Nile Business City is expected to be completed in five phases, with the first phase scheduled for delivery in 2022.
The development is designed to accommodate a variety of uses, including offices, retail and entertainment facilities, residential apartments, and hotels. The project will feature several high-rise towers, including the iconic Lotus Tower, which will be the tallest tower in Africa, standing at a height of 350 meters. The Lotus Tower will house a five-star hotel, luxury apartments, and offices, and will have a viewing deck offering panoramic views of the city.
Nile Business City will also be home to a convention center, a shopping mall, a cinema complex, and a variety of restaurants and cafes. Furthermore, the development will be environmentally friendly, providing green spaces, bike lanes, and pedestrian walkways, as well as using renewable energy sources such as solar power to reduce its carbon footprint.
Once completed, Nile Business City is expected to attract a range of multinational corporations, financial institutions, and businesses, providing an economic boost to the country. The project aims to create over 100,000 job opportunities and attract more than 1,000 companies to set up their headquarters in the complex.
In conclusion, Nile Business City is a landmark project that represents a significant milestone in the development of Egypt's new administrative capital. As one of the most ambitious real estate projects in the country's history, it offers a unique opportunity for international and local businesses to establish their presence in the New Capital, creating a vibrant urban community that is expected to drive economic growth and provide unique lifestyle opportunities for residents and visitors alike.