Phase II of Maspero Triangle Development Project is on the verge to commence, proceeding in line with the planned intensive implementation timelines, Invest-Gate reports.
Thee announcement during Minister of Housing, Utilities and Urban Communities Assem El Gazzar’s meeting on May 13 to follow up on progress made under the national project, which marks one of the most important development projects in Cairo, according to a recent official statement.
“Three residential towers are currently underway on-site, specially tailored to cater to the area’s original residents, including two 16-story towers and another ten-story building,” El Gazzar explained.
Each of the first two towers comprises an underground parking, a commercial ground floor, and first-floor parking, in addition to 16 residential stories, while featuring ten elevators and four entrances. Besides, the third one consists of a commercial ground floor and ten residential stories with three elevators, the minister added.
Located at the western edge of Cairo, and bordered by the Nile River’s west bank, Maspero Triangle spreads across nearly 75.19 acres, encompassing multiple buildings and landmarks, the most important of which are the Egyptian Radio and Television Union, Ministry of Foreign Affairs, Ramses Hilton Hotel, amongst others.
Maspero Triangle Development Project comes as part of the state’s keenness to develop the country’s slums and improve the livelihood of the underprivileged and marginalized groups by 2018, which was introduced back in 2014 after it has been estimated that 40% of Cairenes live in informal settlements.
Read Invest-Gate’s “The Maspero Triangle: A Zero to A Hero Project?!” to know all about the megaproject!