“This represents a historic day in the history of modern Egypt and serves as a documentation of the growth the country is witnessing,” Minister of Housing Assem Al-Gazzar said at a function celebrating the feat on Thursday.
The project’s investments are estimated at $3 billion.
The project is being jointly implemented by the Egyptian Ministry of Housing, represented by the New Urban Communities Authority, and the China State Construction Engineering Corporation, one of the largest contracting companies in the world.
Al-Gazzar said the political leadership is taking full interest in the development projects at the NAC.
He said the Iconic Tower project will serve as a turning point in the history of urbanization in Egypt and that next week a new project will be launched in the city of El-Alamein alongside several new towers, “which confirms the extent of cooperation between Egypt and China.”
He added that several further projects would be inaugurated in the coming period.
Al-Gazzar thanked China and the Chinese company for their “great flexibility with the Egyptian government in implementing this huge project.”
The central business district of the NAC will feature 20 towers, including the 400-meter Iconic Tower.
Ahmed Al-Banna, project manager from the company Dar Al-Handasa, said the construction took 800 non-stop working days, adding that the pandemic did not halt the work.
He said the work was carried out in three phases, after which the concrete strength was installed, which accelerated work inside the tower.
The second phase, from the third floor to the 30th floor, took about 100 workdays, while during the third phase, one floor took about six workdays. The number of engineers, technicians and workers in the group amounted to 190.
The 80-floor tower project covers an area of 65,000 square meters.