Tycoon Tower is a mixed-use development located in the New Administrative Capital of Egypt, which is a new city being built to serve as the country's administrative and financial hub. The tower is being developed by the Saudi Egyptian Construction Company (SECON), a joint venture between the Saudi Egyptian Investment and Development Company and the Arab Contractors Company.
The tower is set to be one of the tallest buildings in Egypt, standing at 385 meters tall and featuring 90 floors. It will include a range of amenities, including luxury apartments, offices, a hotel, and retail space. The tower's design is inspired by the shape of a lotus flower, which holds cultural significance in Egyptian history.
The project is expected to cost around $500 million and is set to be completed in 2024. It is part of a larger development plan for the New Administrative Capital, which includes the construction of new government buildings, residential areas, and public spaces.
The Tycoon Tower is expected to attract both local and international investors and buyers, as it offers a unique mix of luxury living and commercial opportunities in a prime location. The tower's developers have stated that they aim to create a landmark building that will help put Egypt on the map as a global destination for investment and development.
In conclusion, Tycoon Tower is a significant development project in the New Administrative Capital of Egypt, which aims to become a new hub for business and investment in the country. The tower's unique design and range of amenities make it an attractive investment opportunity for both local and international buyers.