ArabFinance: Nile Real Estate Development, one of the largest real estate development companies, contracted with Itqan for financial and marketing consultancy, as a financial and marketing consultant, to launch the Nile Business City project in the New Administrative Capital (NAC), according to the companys emailed statement.
Nile Business Citys latest project in the NAC is considered the third tallest tower in Africa, and the highest and largest vertical city in Africa.
The contract was signed by Mohamed Taher, Chairman of the Board of Directors of the Nile Company, and Bassem El-Sherbiny, CEO of Itqan Company.
Taher commented that this deal is not the first between the Nile Company and Itqan Company, and the relationship between the two parties.
He added that the projects financial studies procedures witnessed many challenges due to the enormity of the project and its many details and we tried not to add them and charge them to the price per square meter for the final customer.
Nile Business Citys project covers an area of 296,000 square meters and is the highest private sector skyscraper in Egypt with a height of 56 floors, and the project consists of 4 separate towers.
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