Egypt's Mazaya Developments to deliver The Rook in New Administrative Capital in Q4 2025
The 2,650-square-metre (sqm) project, which includes offices and retail spaces, represents an investment of 1.2 billion Egyptian pounds ($24 million).
Allam said the private developer is also advancing three additional commercial projects in the NAC, with total investments exceeding EGP 8 billion ($158 million).
Gemini Red, a 16-storey tower spanning 2,370 sqm in the downtown district with an investment of EGP 1.5 billion ($30 million), will be completed next year
'Construction began in September 2024, and completion is expected by June 2026,' said Allam.
He said the 16-storey Gemini Blue will be completed in December 2026. The EGP 1.5 billion mixed-use tower is spread over an area of 2,420 sqm.
Allam said construction Norm Spaces, a 10-storey, EGP 5 billion ($99 million) commercial project in the MU23 district will start construction in the third quarter of 2025.
(1 US Dollar = 50.60 Egyptian Pounds)
(Reporting by Eman Hamed; Editing by Anoop Menon)
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