Thursday 21 Nov

Real estate

Iconic tower project launched outside New Capital


Iconic tower project launched outside New Capital

An engineering consortium, MDA, has commenced construction on a new iconic tower in the Fifth Settlement area of East Cairo. The alliance, comprised of Mohamed Talaat Architects, Dia Consulting Engineers, and EFFECT Group of Engineering Consultants, is spearheading the project.

Engineer Mohamed Talaat, Chairman of the Board of Directors at Mohamed Talaat Architects, highlighted the significance of this project as the first iconic tower outside the New Administrative Capital. Located within a comprehensive residential compound, the tower is part of a development offering a variety of activities and services.

The compound, spanning 1,355 feddans, will feature Luxury residential buildings on 215 feddans, distinguished residential buildings on 85 feddans, a villa area (twin and town) on 47 feddans, and standalone villas on 37 feddans.

The project will also include a range of service facilities and infrastructure. These will include a public services area on 9 feddans, a public transport parking lot, a utilities area, places of worship, and a medical complex on 40 feddans.

Additionally, the development will feature a financial and business district, multi-purpose areas for investment and commercial activities, such as shopping centers and recreational areas on 77.5 feddans, and a hotel area on 44 feddans.