Latest news with #DowntownTowers
Zawya
5 days ago
- Business
- Zawya
Egypt's PM inspects Downtown Towers, Lagoons project in New Alamein
Egyptian Prime Minister Mostafa Madbouly on Sunday inspected the Downtown Towers and Downtown Lagoons projects in New Alamein City to review their progress, his office said. Following meetings at the government's headquarters in the new coastal city, Madbouly toured the sites accompanied by Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, and other ministry officials. At the Downtown Towers project, Madbouly said the aim was to make the area one of the most famous and attractive destinations globally and locally, through unique architectural designs situated around a lakes area. He added that the area would embody sustainability and the characteristics of a smart city with international standards. The housing minister explained that the project is being implemented by the Chinese company CSCEC, similar to the Central Business District towers in the New Administrative Capital. The project includes the construction of five fully-finished residential towers, featuring an 'iconic' tower 250 metres high (68 storeys) and four other towers each 200 metres high (56 storeys). Madbouly also reviewed the progress of the Downtown Lagoons project, which is situated between the towers. El-Sherbiny explained that the trial filling of the largest of the project's 11 lakes has begun to test its equipment, components, insulation, and engineering works. He noted that the project also includes islands, a tourist promenade, and paths for bicycles and electric cars. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
6 days ago
- Business
- Daily News Egypt
Egypt's PM inspects Downtown Towers, Lagoons project in New Alamein
Egyptian Prime Minister Mostafa Madbouly on Sunday inspected the Downtown Towers and Downtown Lagoons projects in New Alamein City to review their progress, his office said. Following meetings at the government's headquarters in the new coastal city, Madbouly toured the sites accompanied by Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, and other ministry officials. At the Downtown Towers project, Madbouly said the aim was to make the area one of the most famous and attractive destinations globally and locally, through unique architectural designs situated around a lakes area. He added that the area would embody sustainability and the characteristics of a smart city with international standards. The housing minister explained that the project is being implemented by the Chinese company CSCEC, similar to the Central Business District towers in the New Administrative Capital. The project includes the construction of five fully-finished residential towers, featuring an 'iconic' tower 250 metres high (68 storeys) and four other towers each 200 metres high (56 storeys). Madbouly also reviewed the progress of the Downtown Lagoons project, which is situated between the towers. El-Sherbiny explained that the trial filling of the largest of the project's 11 lakes has begun to test its equipment, components, insulation, and engineering works. He noted that the project also includes islands, a tourist promenade, and paths for bicycles and electric cars.
Al-Ahram Weekly
01-06-2025
- Business
- Al-Ahram Weekly
Egypt, China establish joint alliance for mega construction projects in Egypt, Africa - Economy
The Arab Contractors Company and China State Construction Engineering Corporation (CSCEC) signed a cooperation protocol to form a joint alliance to execute major infrastructure projects within Egypt and across the African continent, the Egyptian cabinet announced in a statement on Sunday. Prime Minister Mostafa Madbouly witnessed the protocol's signing. He described it as part of ongoing efforts to deepen strategic relations and strengthen the growing partnership between Egypt and China across various sectors. Key officials from both sides attended the signing ceremony. Egyptian Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, noted that the protocol was one of the crucial outcomes of his recent visit to China. El-Sherbiny said he had held extensive meetings with Chinese officials to discuss collaboration between CSCEC—one of the world's largest construction companies—and the Arab Contractors, a leading construction firm in Egypt, the Middle East, and Africa. "The cooperation will focus on delivering large-scale projects within Egypt and across Africa, opening new fields of work, and exploring frameworks for future cooperation," he added. This agreement came as Egypt and China prepared for President Xi Jinping's anticipated visit to Egypt. It also follows a high-level meeting between PM Madbouly and senior Chinese official Li Shulei. The visit is expected to mark a significant step forward in cooperation between Egypt and China. The agreement between CSCEC and Arab Contractors allows the two companies to leverage their combined resources and expertise to expand their footprint in Africa's promising construction sector. The new alliance also comes as China expands its investments in Egypt. According to the General Authority for Investment and Free Zones (GAFI), over 2,800 Chinese companies operate in Egypt in multiple sectors with investments exceeding $8 billion. The Arab Contractors is a state-owned leader in the construction sector in the Middle East and Africa that executes major infrastructure and transportation projects. CSCEC was ranked the world's top construction company by revenue in 2020 and eighth globally in overseas contracting. In Egypt, CSCEC is building the Central Business District in the New Administrative Capital — home to Africa's tallest tower — and the Downtown Towers project in New Alamein City. Egypt and China have a decade-long strategic partnership, aligning with Egypt's Vision 2030 and China's Belt and Road Initiative. The two countries collaborate mainly in industrial investment, joint infrastructure projects, and technology transfer. Follow us on: Facebook Instagram Whatsapp Short link:
Middle East
12-04-2025
- Business
- Middle East
OPEN// PM tours Downtown Towers project in New Alamein
NEW ALAMEIN, Egypt, April 12 (MENA) – Prime Minister Mostafa Madbouli inspected the Downtown Towers project in New Alamein during his city tour on Saturday. He received updates from Housing Minister Sherif el Sherbiny atop the 66th floor of the iconic tower, the tallest on the Mediterranean at 250 meters. The project includes four additional towers at 200 meters high housing a total of 2,631 residential units, 231 commercial units, and 114 administrative units. The minister added that work is ongoing on artificial crystal lagoons covering 108 feddans, featuring leisure and retail islands. Downtown Alamein also includes 40 residential buildings with 1,320 units and over 75,000 square meters of commercial space. So far, 705 residential and 13 commercial units have been delivered. The Premier also reviewed the Downtown expansion area, which includes 896 additional units and has surpassed 85% completion. Additionally, he followed up on the overpass at C19 Road and railway intersection, and utility infrastructure for the 748-feddan Chinese Towers zone. (MENA) H A T/M N E
Zawya
18-02-2025
- Business
- Zawya
Organi Group leads contracting consortium for $5bln projects in Egypt
Egypt - Organi Group has launched a major contracting consortium in collaboration with its subsidiary, Abnaa Sinai for Construction and Building, alongside IGI Holding's subsidiary, Income, and the China State Construction Engineering Corporation (CSCEC). The consortium aims to execute large-scale construction and infrastructure projects in Egypt and beyond, with a targeted business volume of $500 million in its first year and total projected investments reaching $5 billion within the first three years. Essameldin Al-Organi, CEO of Organi Group, announced that the consortium's first major development will be the Ras El Hikma project. Additionally, it is exploring opportunities in Libya and Saudi Arabia, with plans to expand into the industrial sector over the next decade. The official signing ceremony for a strategic partnership between Organi Group and CSCEC was attended by Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny and Chao Liu Cheng, Commercial and Economic Attaché at the Chinese Embassy in Cairo, representing Ambassador Liao Liqiang. The agreement is set to enhance strategic cooperation and facilitate the transfer of global expertise to Egypt's construction sector. El-Sherbiny underscored the strength of Egyptian-Chinese relations, emphasizing the government's commitment to fostering economic cooperation with Chinese firms. He highlighted ongoing collaborations with major Chinese construction companies in implementing landmark national projects, including the Central Business District in the New Administrative Capital and the Downtown Towers project in New Alamein City—both executed in partnership with CSCEC. CSCEC Egypt General Manager Chang Weicai expressed pride in joining this strategic alliance, calling it a pivotal step in strengthening ties between Chinese engineering expertise and Egypt's fast-growing construction market. He affirmed CSCEC's commitment to delivering innovative projects that will drive economic development and create new opportunities in Egypt.
