June 21, 2021

Egypt to launch Downtown Towers project


The minister explained that eight towers were being constructed in the second phase in the coastal area, and currently the construction of some towers had reached the seventh floor

CAIRO: Egyptian Minister of Housing, Utilities and Urban Communities Assem El-Gazzar has laid the foundation stone for the Downtown Towers project in New Alamein city in northwest Egypt.

The project is being implemented by the China State Construction Engineering Corporation (CSCEC).

El-Gazzar said in a statement that the Downtown Towers were being constructed similarly to those of the Central Business District of the new administrative capital, and with self-financing from the New Urban Communities Authority.

El-Gazzar explained that the project included the construction of five residential towers with full services. The towers overlook an artificial lake and include the Iconic Tower with a height of 250 meters, 68 floors and a total area of ​​465,000 square meters, which is scheduled to be implemented within 45 months.

He outlined the construction of four towers with a height of 200 meters each, with a total area of ​​320,000 square meters, scheduled to be implemented within 39 months.

The minister explained that eight towers were being constructed in the second phase in the coastal area, and currently the construction of some towers had reached the seventh floor.

“Today we celebrate and document an important event in the history of the modern Egyptian urban renaissance, which is laying the foundation stone for the Downtown Towers project in the New Alamein city,” he said.

“On Thursday we celebrated and documented the completion of the concrete structure works for the tallest tower in Africa in the Central Business District of the New Administrative Capital.”

The minister said that ​​New Alamein was not a summer city but rather a city for housing, residence and work (in agriculture, industry, tourism, entertainment and services), and was primarily a regional center for the northern coast.

He said that the Downtown Towers project would create a development area in New Alamein comparable to the Central Business District of the New Administrative Capital.

“We will continue to work and build our country and provide Egyptians with the urban product, which is in line with the modern Egyptian urban renaissance in the era of President Abdel Fattah El-Sisi,” he said.

arabnews


Categories : real estate

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