Lozan Urban Developments (LUD) has entered into a partnership agreement with Al-Amal Engineering & General Contracting Company to commence the construction of the Apex Business Complex in the New Administrative Capital of Egypt, reported Daily News Egypt.
The collaboration follows the completion of preliminary shoring works and the acquisition of necessary excavation permits.
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The Apex Business Complex is scheduled for completion in December 2027, aligning with the timelines of the Administrative Capital for Urban Development (ACUD).
LUD chairperson Adel Abdel Moneim said: “The foundation of any successful, fully integrated project lies in working with entities that have proven execution capabilities.”
Situated in the centre of the Downtown area of the New Administrative Capital, the Apex Business Complex’s architectural design will include two interconnected towers that incorporate large open areas and elegant glass exteriors.
The development will include commercial, administrative, and medical facilities in one location.
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By GlobalDataThe project will cover an area of approximately 2,600m2, with a large section designated for a central plaza.
It will comprise 13 levels of office and commercial space, along with a ground floor and three underground levels intended for parking.
Al-Amal Engineering was chosen for the project due to its proven history of completing construction projects efficiently and adhering to quality standards, LUD stated.
This collaboration is intended to guarantee that the Apex Business Complex aligns with the stringent urban development criteria set by ACUD.
Al-Amal chairperson Haitham Farhat said: “At Al-Amal, we are committed to adhering to the highest standards of execution while meeting the project’s timeline, ensuring the Apex Business Complex becomes a model for future developments in the New Capital.”
