Egypt through the New Urban Communities Authority (NUCA) has signed an attachment agreement with China’s China State Construction Engineering Corporation (CSCES) on completing works at the New Administrative Capital (NAC’s) Central Business District (CBD).
Egypt’s Minister of Housing Assem El-Gazzar witnessed the signing ceremony in Beijing between Egyptian Ambassador to China Mohamed Al-Badry and Zhou Yong, the Vice President of CSCES; via video conferencing.
A Memorandum of Understanding (MoU) on the management and operation of the project was also signed at the same ceremony. Minister Assem El-Gazzar urged the contractor to speed up workflow as the CBD project might host the launching ceremony of the first phase of NAC.
NAC’s Central Business District
Back in 2015, an MOU was signed between Egypt’s Ministry of Housing, Utilities & Urban Communities and the China State Construction Engineering Corporation (CSCEC) with the main focus being centered around putting up buildings that would house government ministries and agencies as well as the president’s office. The Chinese were to build a new parliament complex, 12 ministerial buildings, a convention center and an exhibition area at what is believed would be a whooping US $45bn. This would undoubtedly form the nucleus from which the rest of the city would grow as demand for other amenities such as housing and shopping would stem.
With a total area of 1,900,000 square meters, the Central Business District (CBD) consists of 20 buildings, including 12 high-rise office buildings, five high-rise apartment buildings, two luxury hotels, and a 385.8m tall Iconic Tower, which will be the tallest in Africa. The whole project is scheduled to be delivered by 2022.