The iconic tower at Egypt’s new capital reaches its 53rd floor

By Maha Essam On Jan 10, 2021

A Chinese construction labourer works at the anticipated Iconic Tower skyscraper, at its foundations in the business district in the New Capital (Photo: Reuters)

53 floors of the iconic tower in the Central Business District (CBD) in the New Administrative Capital have been established so far, according to the Egyptian Minister of Housing Assem El-Gazzar.

The iconic tower is set to be the tallest in Africa at about 400 metres, El-Gazzar added in a statement

The CBD project, which includes 20 towers, is being constructed in collaboration between the Ministry of Housing’s New Urban Communities Authority (NUCA) and China State Construction Engineering Corporation (CSCEC) with estimated investments of $3 billion.

El-Gazzar further revealed that Capital Residence – R3 has been 90 percent complete, while construction works in New Garden City – R5 have been 85 percent complete.