Egypt’s SV Developments launches A1 Tower in the New Administrative Capital

Egypt’s SV Developments launches A1 Tower in the New Administrative Capital

Egyptian developer SV Developments announced on Monday the launch A1 Tower mixed-use project in the New Administrative Capital at a total investment of about 1.2 billion Egyptian pounds ($63 million).

The developer said in a press statement that the 14-storey tower would comprise of 350 units for offices, shops and clinics, and incorporates renewable energy and energy-saving features.

Further details weren’t shared, but the project’s consultants include Atef Khalil, Professor at Cairo University; Nasih Musleh, foundation and architecture consultant & Head of Civil Engineering Department, Benha University; Atef Ismail, consultant of the Iconic Tower project in the NAC, and Hossam Mansour, independent construction consultant.

(1 US Dollar = 18.86 Egyptian pounds)

(Writing by Eman Hamed; Editing by Anoop Menon)

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