Nile Developments: the Leading Skyscraper Developer in Egypt

Nile Developments: the Leading Skyscraper Developer in Egypt

Tasneem Khalil 05 Oct 2023

Nile Developments is one of the leading companies in real estate. The company is a result of uniting forces of the Nile Group and Ahram Real Estate Group. Nile Developments owns and manages its projects in the New Cairo area, with nearly 100 projects completed and approximately 35 projects already delivered. The collaboration of Nile Developments and Ahram Real Estate Company stands as a significant strategic move, marked by a grand event under the supervision of:

• Engineer Mohamed Taher, Chairman of the Board of Directors of Ahram Development and Real Estate Investment Company.
• Engineer Mahmoud Taher, Chairman of the Board of Directors of Nile Development and Real Estate Company.

Nile Developments successfully executed a major project, a global tower in the New Administrative Capital, as a result of this significant collaboration. This tower combines commercial, administrative, and medical units in a strategically located area in Downtown, offering panoramic views of the city's beautiful landscapes.

Projects by Nile Developments

Nile Developments' projects doesn’t only include Beit El Watan in New Cairo; they include various areas, including Beit El Watan, both Old and New Andalus, South Lotus, New Lotus, and South Academy. These areas are among the most attractive areas for real estate investment and are highly sought after by Cairo's residents. The company has investments amounting to billions of Egyptian pounds and is known for its exceptional projects. Some of its notable works include:

• Nile Boulevard New Cairo.
• Tycoon Tower New Administrative Capital.
• Nile Business City New Administrative Capital.
• 31 North Tower New Administrative Capital.
• Festival Tower New Administrative Capital.

Nile Developments' Outstanding Projects

Nile Developments' projects are distinguished by their unique and modern designs. They collaborate with the best designer companies in Egypt and around the world to develop projects that blend modernity with authenticity. One of their standout projects is Tycoon Tower, Africa's tallest hotel and the first of its kind in the area. The tower is operated by the Millennium International Group and represents innovative real estate development and tourism investment in Egypt.

If you're looking for real estate investment opportunities in Egypt, Nile Developments offers a unique and exceptional opportunity. You can own a commercial unit in the Tycoon Tower, featuring a glass facade and high-quality finishes. Take advantage of flexible payment methods, including a down payment starting from 10% and installment plans of up to 10 years.

Nile Developments also announced its participation in the MIPIM International Real Estate Exhibition held in Cannes, France, in March 2023. This participation is an opportunity to highlight its projects and contributions to Egypt's development. Tycoon Tower was selected to represent the New Administrative Capital in this exhibition, as a symbol of real estate development and tourism investment in the region.

With this international exhibition participation, Nile Developments proves its leading position in the world of real estate development and its effective role in supporting Egypt's development and infrastructure.

Nile Developments' Mission and Vision

Nile Developments holds a unique vision to redefine the concept of real estate in Egypt through its deep understanding of its projects and investment vision in Egypt. The company has achieved glorious success in executing exceptional residential, commercial, and administrative projects, thanks to its commitment to key principles such as:

• Continuous Progress: Nile Developments has built over 40 residential buildings annually in New Cairo and delivered them to customers. They have also worked on high-rise projects, making them among the first private companies to obtain a complete building permit for projects like "North 31."
• Fast Delivery: Nile Developments is known for the speed at which it completes projects, with a full floor of concrete finished every 20 days, ensuring on-time completion of projects like "North 31" in the New Administrative Capital.
• Diversity of Projects: The company's projects include residential, commercial, administrative, and recreational developments, reflecting a deep understanding of the Egyptian market's needs.
• Significant Investments: Nile Developments has invested approximately 1.2 billion Egyptian pounds in two projects in the New Administrative Capital, reflecting its commitment to delivering projects with the highest quality.
• Successful Marketing: Nile Developments has successfully marketed all of its units with positive sales ratios, continually offering units to maintain price stability.
• Investment Direction: The company targets both Gulf and Egyptian investments, increasing its attractiveness amidst local currency depreciation.
• Future Expansion: In addition to the New Administrative Capital, Nile Developments plans to expand its activities in the North Coast and New Cairo.
• Challenges and Opportunities: Nile Developments acknowledges market challenges but believes that significant opportunities await in the real estate sector, given government measures to support it.
• Banking Financing: Nile Developments believes that acquiring fair bank financing will contribute to the development of its projects.
• Forward Vision: Despite current challenges, Nile Developments remains optimistic and committed to success, believing in Egypt's strong market and that investments and production are the keys to economic recovery.
• Sustainability: Nile Developments aims to build magnificent skyscrapers that meet the region's needs and contribute to Egypt's development.

Therefore, it can be confidently said that Nile Developments possesses a distinctive investment vision and a strong strategy that enable it to achieve success and excellence in the real estate world.

Partners of Nile Developments

Nile Developments has established itself as one of the leading companies in the skyscraper construction in Egypt through the execution of its remarkable projects. However, there is another aspect of the story that plays a significant role in this success, and that is the partners that Nile Developments has collaborated with to achieve unique investment excellence.

KAD Management Company:

KAD is a prominent partner in the success of Nile Developments. The company provides highly efficient business management services, ensuring the smooth and effective operation of business activities.

Construction Contractor SIAC:

SIAC is the partner responsible for executing construction work in Nile Developments' projects. The company has an excellent reputation in the field of construction, making it an ideal partner to ensure quality and professionalism in project execution.

Architectural Consultancy - Canadian Office Dubai Branch:

The Canadian Office is a specialized architectural consultancy partner in designing skyscrapers. Their designs reflect magnificence and elegance, and they are a key partner in Nile Developments' real estate projects.

Architectural Review - Architrave Office:

Architrave is a professional architectural review company and the winner of the Best Concept award. They help ensure the perfect execution of Nile Developments' architectural designs.

Facility Management - CFM:

CFM, part of the Orascom Group, manages general facilities in Nile Developments' projects and is an important partner in maintaining project quality and efficiency.

Engineering Consultancy - SSE Company:

SSE, led by Professor Asaad Salama, Dubai Branch, is an engineering consultancy partner providing specialized engineering consultations for Nile Developments' projects.

Interior Design - Art Line Office:

Art Line Office in Egypt is a partner in creating exquisite interior designs for Nile Developments' real estate projects.

Nile Developments has distinguished itself with the luxury of its projects and careful attention to interior details. This has been achieved through collaboration with exceptional partners in a variety of specialties. Thanks to these partnerships, Nile Developments has succeeded in executing unique investment projects that add real value to the Egyptian real estate market.

Nile Developments' Partnership with Zamalek Club

Nile Developments recently announced its partnership with the prestigious Zamalek Club in a strategic move aimed at supporting the club's sports successes and achievements. This partnership was announced during a press conference held at the Four Seasons Hotel and attended by a large number of Zamalek Club's board members, led by Counselor Mortada Mansour, as well as the club's players, stars, and media figures.

This major partnership between Nile Developments and Zamalek Club extends for 4 years, during which Nile Developments will become the club's primary real estate sponsor. This move is part of the company's strategy to expand and promote its brand by supporting sports teams, whether in individual or team sports.

President of Zamalek Club, Counselor Mortada Mansour, expressed the importance of this partnership and emphasized that choosing Nile Developments as the club's primary sponsor came after careful consideration and great interest, given the company's significance and prominent position in Egypt's real estate development sector. He noted that this partnership will greatly contribute to supporting the club and providing the necessary support to achieve successes and accomplishments in various sports fields.

Nile Developments is among the top companies in Egypt's real estate development sector, always striving to deliver high-quality projects and excel in the market while aiming to continue their success and growth in the future.