The Financial and Business District is one of the strongest investment projects launched in the Administrative Capital, as it is the result of joint cooperation between Egypt and China. It was implemented with the latest technological technologies and international standards, on an area of about 195 acres, which includes many shops and some residential towers and several headquarters for different companies.
Strategic Location of the Financial and Business District
The neighborhood enjoys an effective strategic location, due to its intermediate location between the northern and southern axes of Mohammed bin Zayed, and its proximity to the regional ring road, in addition to the proximity of the administrative capital to Badr City, located between the Cairo-Suez and Cairo-Ain Sokhna roads, making the capital a distance of 45 Km from Cairo, about 80 km from Suez, and 60 km from Ain Sokhna. The location is minutes away from Al-Rehab City, Mostakbal City, and Madinaty.
Key Information about the Neighborhood and Details of Shops
With an investment value of $3.02 billion, this commercial and economic center was established within the first phase projects in the New Administrative Capital, through the use of financing and implementation of the Chinese company (CSCEC), which also followed up the implementation work and did wonderful designs for the neighborhood. However, this neighborhood is first and foremost owned by Egyptian investors.
The neighborhood is a mixed area between residential and service models, as it has so far included a dedicated area for banks, shops for sale, and more than 20 towers that include residential, administrative and commercial units in the Financial and Business District, ensuring that you have a fully-fledged environment for the success of your own project.
Finishing and Design in the Neighborhood
The excavation, construction, soil probes and flooring works go back to 2018, and the finest building materials and the latest technological technologies are used in the design, and the developers have been keen to establish multi-area units that suit all commercial purposes, where you find towers offering shops starting from 45 square meters.
Various Services in the Financial and Business District
In addition to being an area of towers and shops, it includes a group of other services, which in turn will make a major shift in the world of finance and business, not only at the local level, but also at the international level, such as:
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The neighborhood includes a number of major bank headquarters, such as the Central Bank, a printing press, and a private area for banks
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The neighborhood contains residential towers, ensuring work and living in one place
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The area contains two hotels, equipped to the highest standard, to receive various local and international visitors
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The last floors of some of the towers feature swimming pools and open spaces for entertainment
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The project provides a distinguished group of restaurants and cafes, which provide services befitting business owners
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The area serves the healthy life of individuals, as it contains a large hospital that works around the clock, and uses the latest medical methods in the Financial and Business District
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The neighborhood includes sports clubs and a cultural center, allowing exercise and broadening the intellectual horizon
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The neighborhood includes skyscrapers, which compete with the largest known towers, the most important of which is the Iconic Tower
The Most Important Details of the Iconic Tower
This tower, located in the Central Business District in the Administrative Capital, gained international fame, as it is the tallest tower on the African continent. With a height of about 400 meters, and its total area is estimated at about 7,1 million meters. The building area is about 240,000 meters, and the tower was designed in the form of a Pharaonic obelisk, consisting of 78 floors, and its external designs take on glass facades.
The project includes three different sections, the first is an administrative building that includes a new headquarters for the Central Bank, a headquarters for the Egyptian Stock Exchange and a cash press, while the second section is dedicated to residential apartments. The third and last part is provided for hotels with the 6-star sign and entertainment services. The tower has been implemented depending on investments by the Chinese company CSCEC, which has a high reputation in the engineering field in the world.
Background Information on Chinese CSCEC Corporation
CSCEC is one of the companies specialized in the field of construction and reconstruction, and its reputation has spread internationally, which made Egypt choose it to be one of the companies developing the various towers in the Administrative Capital. This company owns a large number of projects in the field of real estate development in more than 100 countries around the world. In addition, 90% of the skyscrapers built in China belong to this company, and among the most famous of its gigantic landmarks in China is the following:
Advantages of Investing in the Financial and Business District
The most important advantages can be noted in the following list:
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The middle location in the New Administrative Capital, which makes projects targeting all groups of people
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Modern transportation services, which shorten the travel time, and eliminate the consumption of your own car
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The presence of shopping centers and many entertainment places
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The combination of the designs of the towers between the ancient Egyptian style and decorative art (or Art Deco)
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Simulation of the Nile River in the water channels that connect different projects, adding aesthetic touches to the land of the neighborhood
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The units have air vents that change direction according to the sun's rays, ensuring less heat
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Some units have views of the picturesque nature
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Diversity of retail space, to suit different projects
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The availability of payment facilities over the years, in addition to the appropriate prices
Upscale Projects in the Financial and Business District
There are many examples of prominent projects that are located in the Financial and Business District. Among them are: