Raafat Maher, Chairman of Golden Town, revealed that the company’s Fort and Cascada complexes are on track, as the first phase of its Dinero Tower in New Cairo’s Downtown sold out in under 30 days, Invest-Gate reports.

Maher stated that Golden Town has plans to invest around EGP 5 bn in new residential, commercial, and administrative ventures across several cities.

The Cascada’s mixed-use design includes a suspended six-floor restaurant with panoramic views, he said. Spanning 2,664 sqm, it will house retail on the ground and three upper floors, offices from the fourth to seventh, and hotel units on the eighth and ninth. At an EGP 500 mn investment, sales are pegged at EGP 750 mn.

Regarding Dinero Tower, Maher highlighted that it will be the capital’s latest business tower designed to fifth-generation specifications. Rising 14 floors, the complex separating commercial, food, office, and hotel space will implement International Council of Shopping Centers standards.

It prioritizes location and technology, with infrastructure to support 5G networks and compatibility with efficiency codes from the BOMA International Property Association. Adoption of ISO 41001 operating procedures confirms the facility will be globally competitive, Maher added.