Misr Italia Properties held a press conference on July 31 to commemorate the signing of a cooperation agreement with Stefano Boeri Architetti to integrate the brand new architectural design concept of vertical forests at its integrated project in the New Administrative Capital (NAC), IL BOSCO.
Developed at a total investment value of EGP 3 bn, IL BOSCO will incorporate vertical forest designs that will mark the first-of-their-kind in Egypt and MENA region. The designs will be presented in three luxury buildings boasting serviced and branded apartments, and will be operated by a renowned international hotel chain, which will be announced soon.
During the conference, Co-CEO of Misr Italia Properties Mohamed El Assal stated that the company is keen on adopting trendsetting design concepts to improve the Egyptian real estate sector and support the country’s extensive efforts to achieve environmental sustainability.
“Establishing the very first vertical forest in Egypt and the Middle East aligns with Misr Italia Properties’ vision to construct environmentally conscious communities in the heart of nature, and surrounded by the green vast spaces,” El Assal added.
For his part, Italian architect Stefano Boeri showcased the various applications of vertical forest design concept worldwide, noting that IL BOSCO will feature 30-meter-long buildings that combine nature and architecture in an unprecedentedly unique way.
Boeri, who is implementing this architectural project in collaboration with Egyptian designer Shimaa Shalash and Italian botanist and landscape designer Laura Gatti, elaborated that the vertical forest designs are aimed at reducing pollution and containing the population density in crowded urban cities.
“The vertical forest concept was granted numerous awards, including the International Highrise Award in 2014 and the Best Tall Building Worldwide Award in 2015 by CTBUH,” he said.
Construction works at IL BOSCO are scheduled to kick off by 2020, while unit delivery is scheduled for 2023.