Egypt’s Builderia Development plans to pump EGP 500 mn into its first intelligent administrative complex in the New Administrative Capital (NAC), or “Paragon,” aiming for completion in 2022, Invest-Gate reports.

Extending over 4,300 square meters, with a built-up area of 23,000 square meters, Paragon will include seven floors of 205 office spaces, in addition to a two-story 8,500-square-meter parking area, Ziad El Hares, the company’s managing director, affirmed during a press conference on August 17, stating that almost EGP 100 mn are earmarked for construction work in FY 2020/21.

Strategically located at the heart of NAC’s Central Business District (CBD), the state-of-art complex utilizes cutting-edge technologies to bring the latest of smart office solutions to Egypt, seeking to enable all business owners and tenants to operate effectively with higher productivity, while featuring all means of comfort, luxury, and entertainment, El Hares noted.

On his part, Builderia Development CEO Mohamed Bedeir highlighted that Paragon will boast double-height units, equipped with technologically advanced amenities and services. Design of offices and workspaces was inspired by modern architecture, thereby established with bold, modern lines for epitomizing contemporary architecture.

Speaking of the company’s visionary thinking, Bedeir underscored, “Builderia is committed to a strategic vision built on excellence and leadership in introducing and implementing the latest architectural concepts and standards in designing smart office buildings.”

ERA Commercial Egypt will take on the marketing and sales of Paragon, whereas Hafez Consultant is the architectural consultant firm and ASASS Construction is the general contracting company, El Hares concluded.