The New Administrative Capital is established on the borders of East Cairo and New Cairo. It is located on an area of 170,000 acres to become a global cultural, political and economic center. It was planned to include residential districts and compounds, a city of culture and arts, an Olympic city, and commercial and economic districts that include banks, companies and commercial towers.
The Financial and Business District is one of the most important districts within the New Capital. It is a major economic and investment hub and is located between the Northern and the Southern Axes of Mohammed bin Zayed. The district was launched in 2017 and covers an area of 195 acres.
Location of the Financial and Business District
The District is located in the heart of the New Capital between the northern and southern axes of Mohammed bin Zayed. It has an area of 195 acres and includes 20 residential, administrative and hotel towers in the first phase only. The District also includes the Iconic Tower that is scheduled to be the tallest tower in Africa at a height of 385 meters. The District is distinguished by its proximity to many landmarks with the New Capital, such as the City of Culture and Arts, the Investors District, the Central Park, and the First, Second and Third residential Districts.
The Financial and Business District is easily accessible via Cairo - Suez Road, Cairo - Ain Sokhna Road and the Regional Ring Road. It is only minutes away from Rehab, New Cairo, El Mostakbal City, Suez and Ain Sokhna Cities.
Advantages of the Financial and Business District
The Financial and Business District is a giant economic and investment hub and features an endless number of features, including:
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The district is established and developed by the famous Chinese company, China State Construction Engineering Corporation Ltd. (CSCEC), which is one of the most famous contracting companies in the world. The company is responsible for developing the entire district, with investments amounted to $3 billion
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The district includes the Iconic Tower, making it attractive for commercial, economic and investment projects
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The district includes more than 20 towers, which vary between 12 commercial towers, 5 residential buildings, administrative buildings for sale, and 2 hotels
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The district is planned as an upscale area for business owners and investors
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The district includes many major and international banks, and global stock exchanges
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Most of the construction work has been completed and it is planned to complete the project as a whole within two years
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A second phase will be added to the project, which includes 25 new towers, so the number of towers in the district would be 45
Details about Commercial and Administrative Units in the Financial and Business District
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The Iconic Tower consists of 53 floors and is built on an area of 240,000 square meters. The administrative towers include 16 to 48 floors
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Areas and prices of commercial offices and administrative units in the Financial and Business District vary to suit all the needs of business owners and investors
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Areas of administrative office range from 14 to 500 square meters. Prices start from more than EGP 100,000 and reach more than EGP 100,000,000
Available Services of Financial and Business District
In addition to the basic and educational services, the Medical City, the Olympic city, the cultural city, and other services in the New Capital, the Financial and Business District will also include a range of services, including:
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A security center for guarding and serving the district and projects
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Availability of various means of transportation, and the district is close to the Monorail and is easily accessible via the Regional Ring Road
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Availability of residential towers, sports clubs, many banks and a large hospital and medical units in New Administrative Capital
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The district overlooks the Green River and features green spaces and landscapes
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Availability of marketing services, supermarkets, malls, restaurants and cafes in The New Capital
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The district includes the Martyrs Mosque
Reasons to Own A Commercial Unit in the New Capital
The New Capital is built to be one of the most important and largest investment projects in Egypt. It is one of the smart cities that aims at reducing the population density in Cairo. Besides, it is suitable for modern life, residence and investment.
The New Capital has many advantages that encourage you to own a commercial unit or an administrative office, especially in the Financial and Business District. These advantages are as follows:
Geographical Location
The New Capital is characterized by its proximity to the important main roads, such as Cairo-Suez Road, Ain Sokhna Road. Also, you can access it from all governorates of Egypt via the Regional Ring Road.
Means of Transportations
There are various means of transportation to the New Capital in all Egyptian governorates. Also, it is planned to be linked to the Egyptian Railways, an electric tram will be available within it, and there would be an aerial train to connect it with the 10th of Ramadan City. Moreover, there is an international airport in the New Capital.
Construction Methods
The New Capital is characterized by strong infrastructure and the latest types of technology in design and construction.
A Demographic Attraction
Whether you are a businessman or a high-ranking administrator, you must be assured of the presence of residents and audience in the area that you want to move your company or office to.
The New Capital will become an attractive area for high-level residents, and is planned to attract 5 million people in the first phase. It is also expected that the number of populations in the New Capital would be 50 million people in 2050.
Availability of Basic and Entertainment Services
The New Capital includes government ministries and centers. The government employees are already transferred to work and live there, which guarantees the availability of government services in the government district to finish the necessary procedures for your project. Furthermore, you will find the banking area that is expected to include the main branch of the Central Bank of Egypt (CBE), security services, basic services such as water and electricity, emergency health services, entertainment services, restaurants, malls, mosques and churches.
