Egypt to begin initial handover of New Administrative Capital towers at year-end

Egypt to begin initial handover of New Administrative Capital towers at year-end

CAIRO: Glass facades featured on a number of towers in the central business district of Egypt's New Administrative Capital will soon be completed, Housing Minister Assem El-Gazzar has said. The construction will be completed in parallel with the implementation of internal finishing works, he added. El-Gazzar also said that the initial delivery of some towers will start at the end of 2021. The deliveries of the rest of the towers will follow soon after. He said the central business district of the New Administrative Capital will consist of 20 towers with various uses, including the Iconic Tower, which is the highest tower in Africa with a height of about 400 meters. The total investment in the area will be about $3 billion, he said. Projects are being implemented in cooperation between the Ministry of Housing, represented by the New Urban Communities Authority, and the China State Construction Engineering Corporation (CSCEC), El-Gazzar added. CSCEC one of the largest contracting companies in the world. The minister said that 53 percent of the work had been implemented in one of the three sectors in the central parks project within the New Administrative Capital. He added that the central park in the New Administrative