Egypt's Ministry of Housing, Utilities & Urban Communities has launched a project to build five residential towers including a 250-metre-tall iconic tower in New El-Alamein City at a total investment of about 30 billion Egyptian pounds. 

The project, which also includes an artificial lake, would be located in the downtown area, Minister Assem El Gazzar said during a media tour. He said construction of the 68-floor iconic tower would be completed in 45 months, while the remaining four towers, each 200 metres tall with 56 floors, would be completed in 39 months.  

(1 US Dollar = 15.65 Egyptian Pounds) 

(Writing by Eman Hamed; Editing by Anoop Menon) 

(anoop.menon@refinitiv.com) 

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