Who is the developer of Nile Business City New Capital?

The company that owns Nile Business City New Capital is Nile Development

Nile Business City New Capital apartment 135m for sale

Reference: NS 101071

EGP 13,500,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 13,500,000

Nile Business City New Capital apartment 135m for sale

Reference:

NS 101071

Price:

EGP 13,500,000 Installment

Price / Sqm:

EGP 100,000 Per Sqm

Finishing Status:

Super Lux

Area:

135 sqm

Bedrooms:

Year Built:

Listed:

Tue 23 May 2023

About Nile Business City New Capital

3 Bedrooms Apartment for Sale in Nile Business City New Capital By Nile Development

Nile Business City is a massive mixed-use development project that is being built in the New Administrative Capital of Egypt. It is a joint venture between the China State Construction Engineering Corporation (CSCEC) and the Government of Egypt. The project is being undertaken as part of China's Belt and Road Initiative, which seeks to strengthen economic ties and development across Asia, Africa, and Europe.

The Nile Business City is located on a 1,100-acre site in the New Administrative Capital, which is being developed as a new hub for government and business activities in Egypt. The development will consist of commercial, residential, and entertainment facilities, all built to the highest international standards. The project is expected to feature a mix of modern and traditional Egyptian architecture, with sustainable design principles woven into the fabric of the development.

According to plans, the project will include a central business district with world-class offices, retail and entertainment facilities, and luxury residential towers. The development will also feature a five-star hotel, an exhibition center, and a convention center that will host international events, conferences, and exhibitions. Additionally, the Nile Business City will have a sprawling parkland spread across 175 acres, which will provide recreational spaces for residents and visitors.

The project aims to support Egypt's economic development by creating new job opportunities and fostering growth in the construction, real estate, and hospitality sectors. More than 20,000 direct and indirect jobs are expected to be created during the construction phase alone. In addition, once completed, it is expected to attract significant foreign investment, particularly from Asian countries.

The Nile Business City is expected to be completed in phases over the next seven years, with the first phase expected to be completed in 2022. The first phase will include the central business district, residential towers, and a portion of the parkland. The remaining phases will focus on completing the remaining facilities, including the hotel, exhibition center, and convention center.

In conclusion, Nile Business City is a massive joint venture project between Egypt and China's CSCEC. The project will involve the development of a commercial, residential, and entertainment hub in the New Administrative Capital of Egypt. It will be built to the highest international standards and will create thousands of jobs in the construction, real estate, and hospitality sectors. Once completed, it is expected to attract significant foreign investment and contribute significantly to Egypt's economic growth.

MLS Realty
+201200070979