Modon Developments announces its readiness to launch “Green River Tower”, the largest hotel tower on the Green River in the NAC with a total investment of over EGP 4.5bn, Invest-Gate reports.

The project is implemented by an Egyptian, Emirati, and Kuwaiti alliance, it’s also the 5th and the latest project of the real estate developer.

For his part, Modon Developments CEO Ahmed Osama says that the company will launch the administrative part of “Green River Tower” project this March.

Moreover, he elaborates that the 5-star hotel tower is built over 60,000 sqm, with a height of 30 stories, and is considered the largest on the Green River. Additionally, it comprises administrative and commercial units and will be operated by a number of the leading hotel management companies.

He reveals that the time frame of implementing the project is four years; meanwhile, the company is planning to start the delivery process before the time scheduled for contracting.

Besides, he discloses that the phase to be finished this month at the administrative part of the project is built over 15,000 sqm, while the total area of the administrative part is over 20,000 sqm.

The Modon Developments CEO said that the office areas varied from 35 to 1000 sqm, and the commercial part of the project is built over 13,000 sqm and 20,000 sqm for the residential.

He discloses that Modon Developments seeks to attract international trademarks and brands to the project which was designed under the supervision of senior specialists at DMA for Designs and Engineering Consultancy, which has great experience in designing mega projects in Egypt and the Middle East.