Construction skeleton of the ‘CO3’ Skyscaper, the first skyscraper at the Central Business District at the New Administrative Capital, is finished, Invest-Gate reports.

In his statement on March 16, Minister of Housing , Utilities, and Urban Communities Assem El Gazzar announces the completion of the first skyscraper skeleton construction.

The 80-meter- high residential skyscraper is the first of 20 currently under construction in the Central Business District (CBD). The area, as the minister highlights, is spread over 79,000 square meters at a cost of USD 3 bn. CBD is also to comprise the 400-meter-high tower, “making it the tallest skyscaper in all of Africa,” states Deputy Housing Minister for National Projects Khaled Abbas. 

Currently, the construction and finishing work for 40,000 units along the CBD’s first phase is underway, the statement reads. The project is being developed by the housing ministry’s New Urban Communities Authority (NUCA) in collaboration with China State Construction Engineering Corporation (CSCEC), Abbas notes.