Minister of Housing Reviews Latest Developments of the Central Business District in the New Capital and the “Downtown” Towers and Lagoons in New Alamein City

Minister of Housing Reviews Latest Developments of the Central Business District in the New Capital and the “Downtown” Towers and Lagoons in New Alamein City

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, held the regular meeting to follow up on the latest developments of the executive status of the Central Business District (CBD) project in the New Capital and the “Downtown Towers and Lagoons” project in New Alamein City. The meeting was attended by officials from the Ministry, the New Urban Communities Authority, the Chinese company CSCEC executing the works, and the project consultants, according to Invest-Gate, Invest-Gate reports.

At the beginning of the meeting, Eng. Sherif El Sherbini stressed the importance of the Central Business District project in the New Capital, which receives significant attention and continuous follow-up. He emphasized the necessity of completing the project in accordance with the highest quality standards, as per the approved designs, and as quickly as possible, including hotel works.

The meeting reviewed the executive status of civil defense works in the residential and administrative towers, the progress of finishing works at the Iconic Tower and the Crescent Towers, as well as the status of site coordination and external areas of the Central Business District in the New Capital. The meeting also addressed operational readiness and remaining finishing works.

The Central Business District includes a group of mixed-use towers, divided into towers with administrative, office, commercial, and service activities, with a total built-up area of 806,000 sqm and heights ranging from 80 to 175 meters. It also includes five fully finished residential towers comprising 1,700 residential units, with a total area of 102,000 sqm and heights ranging between 152 and 200 meters, in addition to the Crescent Towers (consisting of four interconnected towers) featuring hotel, serviced apartments, public services, recreational, and commercial activities.

The district also includes the Iconic Tower, the tallest tower in Africa, with a height of approximately 400 meters, hosting mixed uses (hotel, commercial, and administrative). It includes a global hotel brand operating for the first time in Egypt and Africa, hotel and administrative units, and a commercial zone offering various services (business, recreational, commercial, and hospitality services). The tower comprises 40 floors of multi-use office spaces, 10 floors of serviced apartments with 52 apartments, and 30 floors for the hotel with 183 rooms, with a total built-up area of 266,000 sqm.

In this context, the Minister directed accelerating the remaining works to complete the project as soon as possible, achieve the targeted objectives, ensure a clear vision for final handovers, and advance operational and maintenance procedures for the Central Business District.

Eng. Sherif El Sherbini also reviewed implementation rates, façade works, electromechanical works, finishing works, infrastructure, and site coordination for the “Downtown Towers” project in New Alamein City. The project includes the construction of five fully finished residential towers with integrated services, comprising the Iconic Tower with a height of 250 meters (68 floors) and a total built-up area of 465,000 square meters, and four towers each with a height of 200 meters (56 floors) and a total built-up area of 320,000 square meters. The Minister called for intensifying works across the project in general, particularly tower façades, as well as accelerating site coordination and rooftop works.

The Minister of Housing also followed up on the design and implementation progress of the New Alamein “Downtown Lagoon” project, located between the Downtown towers. The project includes seven islands and 11 lagoons, surrounded by a tourist promenade, and is expected to rival similar international projects worldwide.

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