{"id":676206,"date":"2025-11-25T00:00:00","date_gmt":"2025-11-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/25\/arabia-developments-launches-egp-30-bn-tower-complex-in-new-capital\/"},"modified":"2025-11-25T00:00:00","modified_gmt":"2025-11-25T00:00:00","slug":"arabia-developments-launches-egp-30-bn-tower-complex-in-new-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/25\/arabia-developments-launches-egp-30-bn-tower-complex-in-new-capital\/","title":{"rendered":"Arabia Developments launches EGP 30 bn tower complex in New Capital"},"content":{"rendered":"

Good afternoon, friends, and happy hump day. <\/strong>We\u2019re getting ready to wind down for the week, but it seems the news cycle isn\u2019t following suit.<\/p>\n

\n

THE BIG STORY TODAY-<\/p>\n

?Arabia Developments<\/a><\/strong> has launched a EGP 30 bn mixed-use tower compound in <\/strong>the New Capital, dubbed KOR, <\/strong>according to a statement (pdf)<\/a> from the real estate developer. The 110k-sqm development includes seven towers \u2014 two residential towers, four administrative towers, and a hotel. The first phase of the roughly USD 627 mn project has been under construction already for six months and is scheduled for delivery in 2029, which will include administrative offices and residential units. <\/p>\n

The details: <\/strong>Each tower is 21 floors-high, offering a total of 3.5k units. The project will also feature social clubs, co-working space, as well as a commercial area with stores and restaurants. It is also targeting 40% lower operating costs and zero carbon emissions, in addition to incorporating smart mobility features such as EV charging and bike-sharing stations. <\/p>\n

What they said: <\/strong>\u201cWe believe that this project is not just a real estate development, it is an integrated platform combining innovation, technology, and sustainability, to present a living model for smart cities that supports urban advancement and enhances the quality of living, work, and entertainment in the New Capital,\u201d Arabia Developments Founder Tarek Shoukry said. <\/p>\n

\n

THE BIG STORY ABROAD-<\/p>\n

? <\/strong>The<\/strong> news cycle isn\u2019t showing any signs of slowing down in what\u2019s shaping up <\/strong>to be a particularly politically-charged week.<\/strong> US and Russian officials are set to resume their meetings in Abu Dhabi this afternoon to discuss the US-brokered plan to end the war in Ukraine. The US envoy is led by Army Secretary Dan Driscoll, and the meetings include top military officers from both countries, with US State Secretary Marco Rubio and other US negotiators not attending. The meeting follows an overnight strike exchange between Russia and Ukraine, which left six dead in Ukraine and three dead in Russia. <\/p>\n

The meeting in Abu Dhabi comes just days after the <\/strong>Geneva talks<\/a><\/strong>, which saw \u201csolid results\u201d by its conclusion, according to Ukrainian President Volodymyr Zelenskyy, following preliminary tension about what Ukraine and its EU allies saw as major concessions to Russia. A meeting between Trump and Zelenskyy is also reportedly in the works. (Guardian<\/a> | Financial Times<\/a> | Reuters<\/a> | BBC<\/a> | CNN<\/a> | ABC<\/a> | Wall Street Journal<\/a> | Politico<\/a>)<\/p>\n

OVER IN THE BUSINESS PRESS-<\/strong> Nvidia stocks fell over 3% pre-market earlier today after <\/strong>reports of Meta\u2019s possible pivot to Google\u2019s AI chips. <\/strong>Alphabet stocks were up 4% pre-market at the time of publication. (CNBC<\/a> | Bloomberg<\/a>)<\/p>\n

ALSO- Saudi Arabia is set to open new alcohol stores amid easing restrictions<\/strong>, according to sources cited by Reuters. Of the reported outlets, one will be open in a compound owned by oil giant Aramco in Dhahran, serving non-Muslim foreign staff. (Reuters<\/a>)<\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

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\u2600\ufe0f <\/strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re in for another cool day in the capital tomorrow, with temperatures reaching a high of 24\u00b0C and a low of 16\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good afternoon, friends, and happy hump day. We\u2019re getting ready to wind down for the week, but it seems the news cycle isn\u2019t following suit. THE BIG STORY TODAY- ?Arabia Developments has launched a EGP 30 bn mixed-use tower compound in the New Capital, dubbed KOR, according to a statement (pdf) from the real estate […]<\/p>\n","protected":false},"author":1,"featured_media":676207,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[633,83,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-real-estate","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"1d3267ba-bba0-4123-9251-9e3084d78f36","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/11\/1944.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arabia Developments launches EGP 30 bn tower complex in New Capital","related_issue":[676204],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.18f82bf8-ab22-4022-a8a2-3063a799e56e.mp3"},"yoast_head":"\nArabia Developments launches EGP 30 bn tower complex in New Capital - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/25\/arabia-developments-launches-egp-30-bn-tower-complex-in-new-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arabia Developments launches EGP 30 bn tower complex in New Capital\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and happy hump day. 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The New Urban Communities Authority had approved the master plan for the EGP 35 bn Zed Towers project in Sheikh Zayed last year. The\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576186,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/nile-city-to-build-3-new-towers-in-ramlet-boulak\/","url_meta":{"origin":676206,"position":2},"title":"Nile City to build 3 new towers in Ramlet Boulak","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"Nile City Investments will build three new towers in Ramlet Boulak adjacent to its existing Nile City Towers at a total cost of EGP 20 bn, Al Mal reports. The towers are expected to be completed within 4-5 years and will include hotels and medical centers. The company is considering\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":666061,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/28\/a-capital-holding-to-invest-egp-20-bn-in-its-marriott-residences-heliopolis-project\/","url_meta":{"origin":676206,"position":3},"title":"A Capital Holding to invest EGP 20 bn in its Marriott Residences Heliopolis project","author":"enterpriseam admin","date":"28 May 2025","format":false,"excerpt":"The project comprises six interconnected towers offering one-to three-bedroom apartments","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2303.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593631,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/zed-towers-project-receives-approval-for-master-plan\/","url_meta":{"origin":676206,"position":4},"title":"Zed Towers project receives approval for master plan","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"The New Urban Communities Authority has approved the master plan for Ora Developers and Gemini Global Development\u2019s EGP 35 bn Zed Towers project in Sheikh Zayed, according to the local press. The 165-feddan project must be completed within 10 years, according to the authority\u2019s decree.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":670722,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/25\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector-2\/","url_meta":{"origin":676206,"position":5},"title":"Arabia Developments to invest up to EGP 30 bn in hospitality sector","author":"enterpriseam admin","date":"25 August 2025","format":false,"excerpt":"The developer wants to set up 2k hotel rooms and serviced apartments by 2029","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1523.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=676206"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676206\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/676204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/676207"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=676206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=676206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=676206"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=676206"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=676206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}