In collaboration with Raya Holding for Financial Investments, the Administrative Capital for Urban Development (ACUD) has announced a strategic partnership to open a new branch of the Edge Innovation Center in Egypt’s New Administrative Capital, Invest-Gate reports.

This expansion marks a pivotal step in fostering business growth and innovation within the country.

Khaled Abbas, Chairman and Managing Director of ACUD, highlighted the significance of the New Administrative Capital as a thriving economic hub, attracting companies and professionals from around the world. The partnership with Raya Holding, represented by Raya Smart Buildings, underscores both companies’ commitment to providing a dynamic and sustainable business environment.

“We are dedicated to supporting the development of local and international talents and positioning the New Administrative Capital as a global leader in future technologies,” Abbas said. “The center will play a crucial role in fostering innovation and leveraging advanced technologies at all levels.”

Ahmed Ibrahim, CEO of Raya Smart Buildings, emphasized that the new branch offers flexible workspaces, including modern offices and meeting rooms, designed to meet businesses’ daily needs. “Our state-of-the-art facilities provide an inspiring and productive environment for entrepreneurs, startups, and established companies alike,” he added.

Notably, Edge Innovation Center’s expansion in the New Administrative Capital is set to benefit the growing business community and play a vital role in the success of the region’s development projects.