Three years in the making, Africa’s tallest skyscraper has risen in the desert, 45 kilometres east of the Nile and the centre of Cairo.
The concrete structure of the 385-metre Iconic Tower was completed in June, and the steel structure is expected to be finished in August. The completed building is scheduled to be ready in the first quarter of 2022.
It will be the centrepiece among the 20 towers of the Central Business District (CBD) in the New Administrative Capital, a megaproject launched by Egyptian President Abdel Fattah El Sisi in 2015.
“This is a new era for Egypt – to enter into skyscrapers and super-tall buildings,” says Ahmed Al Banna, project manager for the CBD from Dar Al-Handasah, the designer and supervision consultant.
“The Iconic Tower itself will be the symbol and trademark for the new capital. It will show the seriousness of the government and the president to have a new capital with all the facilities.”
What is in the New Administrative Capital?
The new administrative capital – roughly the size of Singapore – is being designed as a high-tech, environmentally friendly city that includes a presidential compound, government ministries, offices, hotels, retail outlets, residential areas, sports facilities, schools and universities, a monorail, a giant park and the 35-kilometre Green River.
A main goal of the $45 billion project is to relieve congestion in Cairo, which is one of the world’s most crowded cities with a population of about 20 million, as well as create jobs and boost the economy.
The relocation of civil servants will begin in July and an official opening is planned for the end of this year, even though the first of three phases is not yet complete.
What is in the Central Business District?
The Central Business District is being built by China State Construction Engineering Corporation (CSCEC) with a $3.5 billion loan from China.
"The goal is for this to be a business hub for all of Egypt," Khaled El Husseiny, spokesman for the New Administrative Capital, tells The National.
The budget for the 81-hectare district has now reached $3.85bn, according to Al Banna.
The Green River will flow through the Capital Park at the centre of the district. There will also be two crescent-shaped buildings that will include branded apartments and retail outlets.
“The CBD itself will be a complete city,” Al Banna says.
In addition to Iconic Tower, the 20 towers being built include 12 office buildings, five residential buildings and two hotels.
Concrete work on the office towers is complete and the facade work is about 70 per cent done, while skeletal work on the residential buildings and hotels is still in progress.
“Starting from the beginning of 2022, we will hand over some office towers two by two,” Al Banna says.
The residential buildings will also be handed over in 2022, but the Iconic Tower and two hotels will only be completely ready by the first quarter of 2023.
“The finished works will be very sophisticated,” Al Banna says. “The structure will be finished, but we have a lot of internal work until we hand over.”
What will the Iconic Tower be like?
Dar Al-Handasah, an architectural firm founded in Beirut in 1956 with a principal design centre in Cairo, began work on the Iconic Tower in May 2018, with construction starting in 2019.
The project is being jointly implemented by the Egyptian Ministry of Housing, Utilities & Urban Communities and CSCEC, one of the world's largest contracting companies with about 1.62 trillion yuan ($250bn) revenue in 2020.
Built on an area of 65,000 square metres, the Iconic Tower – about half the height of the Burj Khalifa – will have 78 floors and two basement levels.
The first 40 floors will be offices, 10 will be branded apartments and 30 will be part of a five-star hotel.
There will be an observation deck on the 74th floor, where visitors can see the new capital at least 360 metres from the ground.
In comparison, the Cairo Tower – formerly the tallest building in Egypt and North Africa – is 187 metres. Elsewhere, the previous holder of the tallest building in Africa title is the 234-metre The Leonardo, a 55-floor, mixed-use property development in Johannesburg, South Africa.
What about the tower that was meant to be taller than the Burj Khalifa?
The Oblisco Capitale, a 1-kilometre tower in the shape of an Egyptian obelisk, was presented as a concept for the new capital, but it never came to fruition.
Ehab Mokhtar, managing director and chief designer at Idia Design, designed the tower at the request of El Nasr Housing & Development in 2017.
The visionary behind the project was Sayed Touba, the chief executive and chairman of the construction company, but he has since died.
The investment capital required was also a huge challenge and the Iconic Tower went ahead in the meantime.
“To have two towers at the same time coming up makes no sense for many stakeholders, so they decided to put this project on the side for a while,” Mokhtar said.
Although the project is on hold, Mokhtar said he hopes the architecture, which draws from both the Pharaonic and Art Deco styles, will inspire others.
He said the Central Business District is “more Dubai-like – which is good. But at the end of the day, it’s the new capital of Egypt, and Egypt is the source of inspiration for many things, so we should have something that shows our identity”.
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UAE currency: the story behind the money in your pockets
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Revival
Eminem
Interscope
Killing of Qassem Suleimani
More from Neighbourhood Watch
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The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
SCORES
Multiply Titans 81-2 in 12.1 overs
(Tony de Zorzi, 34)
bt Auckland Aces 80 all out in 16 overs
(Shawn von Borg 4-15, Alfred Mothoa 2-11, Tshepo Moreki 2-16).
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The Details
Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Global state-owned investor ranking by size
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What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
UAE currency: the story behind the money in your pockets
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception