Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar lays the foundation stone for the downtown towers project in the New El Alamein City, which is being implemented by the Chinese company (CSCEC) and similar to the towers of the Central Business District (CBD) in the New Administrative Capital (NAC), Invest-Gate reports.

On the sidelines of the celebration, the minister stresses that the New Alamein City is not only a summer destination, but an all-year-round destination featuring permanent residences, job opportunities across all fields, and recognized as a regional center in North Coast, in addition, it will have a remarkable role in the coastal urbanization plan.

Moreover, the minister clarifies that laying the foundation stone of the downtown project represents proof of the development project the state implements in the New Alamein City, not only big projects on the coastal line.

El Gazzar explains that the project includes five fully-finished residential towers overlooking an artificial lake. It includes the iconic tower with a height of 250 m (68 floors) on an area of ​​465,000 sqm and scheduled to be implemented within 45 months, in addition to other four towers with a height of 200 m each (56 floors), with a total area of ​​320,000 sqm and scheduled to be delivered in 39 months.

Moreover, El Gazzar highlights that the New Alamein City will have a pivotal role in attracting population densities, and during the coming period other development projects will be released with their foundation stone.