Nile Business City is a new business and residential development located in the New Capital of Egypt. The project is being developed by the Real Estate Development Company, a subsidiary of the UAE-based Al Maabar International Investment Company. The project is set to become a major hub for business and residential development in the region, as well as a major tourist destination.
Nile Business City is located on a large plot of land in the New Capital, close to the Suez Canal and the Cairo International Airport. The development will include a variety of commercial, residential and leisure facilities, including shopping malls, office buildings, hotels, restaurants and entertainment centers. The project will also feature a variety of green spaces, parks and public spaces, as well as a state-of-the-art transport system.
The project is expected to be completed by 2022, and is projected to create up to 50,000 jobs in the region. It is estimated that the project will generate an additional $2 billion in GDP and $1.5 billion in taxes for the Egyptian government.
Nile Business City is part of a larger plan to create a new business and residential hub in the New Capital. The project is being developed in partnership with the UAE-based Al Maabar International Investment Company, and is expected to attract a wide range of investors from around the world. The project is also expected to help spur economic growth in the region, as well as attract foreign investment.