At a press conference, UC Developments launches its third project “East Tower” in the Central Business District (CBD), with investments of EGP 6.5 bn, Invest-Gate reports.
The project is launched in cooperation with the largest eight experts and consulting companies in the world and the Middle East in real estate development, including the German Werner Sobek company, Archrete Designs, Steel Consult; the general consultant for the project, the Construction & Reconstruction Engineering (CRC); the contracting arm of Dorra Group, and Namaa Company for operating buildings and management.
For his part, The UC Developments CEO Sameh Awad discloses that the project is characterized by a height of more than 160m, a facade on the main street of the Green River with a width of 125 m, and two side streets (each 50 m wide). The project has a fourth facade on a tourist walkway. The tower is considered to be one of the tallest towers in the CBD.
It is noteworthy that the timetable and strategic plan set by the company at the beginning of this year aimed to develop three projects with EGP 5 bn of investments. However, the company has raised the investments to EGP 8 bn.
In addition, the company’s vision is represented in offering various real estate projects that meet the needs of the market and provide innovative and sustainable solutions in new cities, with the aim of being one of the top ten companies in the Egyptian market. Mohamed Tammam, design officer at Archrete Designs says that the design of the East Tower will be a very distinctive mark in Egypt and the Middle East.
While, Steel Consult CEO Mohamed Yahya points out that the East Tower is distinguished by the impressive design and distinctive location in the CBD, which makes the project visible from all sides. Furthermore, UC Developments Sales Director remarks that the company offers unprecedented discounts on the occasion of the start of the contracting for its customers and offers payment plans of up to 25 years for the first time in the Egyptian market.