Menassat Developments has announced the acquisition of the construction license for implementing the Podia Tower project in the New Administrative Capital, Invest-Gate reports.
The project comprises three basements for mechanical parking, a ground floor, and 25 floors, reaching a height of 111 meters, according to the specifications of the Capital Company and the international certifications of LEED and Fitwel.
Ahmed Massoud, Chairman of the Board of Menassat Developments, stated that the company has successfully obtained the Podia Tower NAC project permits.
Moreover, this strategic project is located in the heart of the New Administrative Capital, directly on the northern axis of Mohamed Bin Zayed, offering direct views of Egypt’s Mosque, the Green River, and the Monorail station.
Podia Tower stands as the first energy-efficient commercial, administrative, and medical building in the NAC, designed with modern construction systems and environmentally friendly smart building technologies, standing as one of the tallest towers at 25 floors, including the ground floor and a basement with three levels.
Furthermore, Massoud added that the company didn’t halt implementation until permits were secured. Construction commenced on the first day of the allocation decision, reaching an advanced stage of over 40% completion of the project’s concrete structure. All construction works adhere to the highest international standards to ensure the project’s excellence and maintain clients’ trust in the Egyptian real estate market.
Additionally, Tamer Fouad, CEO of Menassat Developments, emphasized the company’s belief in specialization as a key element of success, fostering strategic partnerships with leading companies across various fields to develop unique products.
Notably, the company remains committed to the project’s timeline, working around the clock. The final concrete pour, reaching a height of 2.5m, totaled over 14,000 cubic meters of reinforced concrete. The following steps involve the commencement of the tower columns.