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Nile Real Estate Development contracted with "SSE" to design the first Festival Tower in the Administrative Capital, with a height of 131 meters



In continuation of its successful journey in establishing major real estate projects, Nile Real Estate Development Company - one of the leading real estate companies in Egypt - announced the establishment of the first Festival Tower in the New Administrative Capital, with a height of 131 meters on an area of ​​more than 18 thousand square meters with investments exceeding 5 billion pounds, and it contracted with Dr. Engineer Asaad Salama, founder of the Salama Structural Engineers Office (SSE) - one of the largest consulting offices in the Arab world - for the design of the tower, as part of the Nile Real Estate Development Company’s keenness to achieve added value for the Administrative Capital project and the real estate sector as a whole by creating the first festival tower in Egypt. In light of its efforts to support the state’s plans to establish mega projects that will attract tourism to the New Administrative Capital.

 

The Nile Real Estate Development Company chose to contract with Dr. Eng. Asaad Salama, founder of the Salama Structural Engineers Office (SSE), due to the huge expertise of the well-known consulting office, and its long history spanning more than 30 years, during which it succeeded in implementing mega projects regionally and internationally, including Damac Tower Tower in Riyadh, Kings Tower in Riyadh, Jawhara Tower in Jeddah, King Fahd University, Prince Abdullah Al-Faisal Stadium in Saudi Arabia, Holiday Inn Twin Towers, Sigmac Tower and Paramount Tower in Dubai, Dusit Abu Dhabi, United Arab Emirates, In Egypt, the office designed the Savoy Hotel in Sharm El-Sheikh, which qualified it to obtain prestigious international certificates, and made it the ideal choice for designing the first Festival Tower in Egypt.

 

The project is located on an area of ​​more than 18 thousand square meters with a main facade of 100 meters in the tourist towers area in "Downtown" in the New Administrative Capital, which is a distinctive area with direct views of the Green River and a number of important projects, and the tower consists of 36 floors with a height of 131 meters, and includes units Commercial (shops, restaurants, and cafes), administrative offices, medical clinics, and hotel apartments, in addition to many facilities to serve customers and visitors of the tower, comparable to those of the most famous similar towers regionally and internationally.

 

In this regard, Engineer Mohamed Taher, Chairman of the Nile Company for Real Estate Development, said: “We are pleased to announce our first projects in 2021, which is the establishment of the first Festival Tower in Egypt in the New Administrative Capital, to complete our role in supporting the Egyptian economy even during the pandemic of the new Corona virus by pumping New investments, and at the same time the creation of projects that are unparalleled in the local market, "adding:" We are also pleased to choose Dr. Engineer Asaad Salama, founder of SSE, to design our new project, in light of the huge experience that the office enjoys and his success in designing similar projects. "

 

For his part, Eng. Mahmoud Taher, Vice Chairman of the Nile Company for Real Estate Development, said that the company seeks to develop the concept of real estate development from the establishment of concrete buildings to the establishment of integrated projects that add value to the real estate sector in Egypt, and are in line with the directions of the Administrative Capital by establishing smart buildings with multiple uses that accommodate The expected demand in the New Administrative Capital project, and it provides thousands of direct and indirect job opportunities, which will positively affect the national economy.

 

For his part, Karim Mamoun, head of the commercial sector of the Nile Real Estate Development Company, said that the company's strategy is based on introducing new and innovative ideas in the real estate market, and the first steps to implement this strategy began with the establishment of the first Festival Tower project in Egypt in the New Administrative Capital project. To support the country's trends in creating attractive real estate projects that put Egypt on the global investment map, adding that the SSE office was specifically chosen to design this project; Due to his long experience in designing similar successful projects, we hope that cooperation with the global consulting office, Dr. Asaad Salama, will be achieved to develop a design befitting our ambitions to establish a project that becomes a destination for tourism in Egypt.

 

It is noteworthy that the Nile and Al-Ahram Real Estate Development Group announced in September 2018 the merging of their assets and projects together, with the aim of maximizing the optimum utilization of the various projects of the two companies, and meeting all customer requirements, and the company has a huge portfolio of projects exceeding 100 projects in New Cairo City, and more than 35% have been delivered. Of these projects.

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