Sara Mahmoud

New Cairo

Contractors news

Egypt plans to have the world’s tallest structure at a height of 1000 m

The proposed mega-tall skyscraper Oblisco Capitale is located in the New Administrative Capital (NAC) of Egypt.

It will be the largest in Egypt and the second largest in Africa, it's 94,000 capacity and is expected to replace Cairo International Stadium.

Egypt will allow foreigners to own property with no limits, but according to certain rules, announced Prime Minister Mostafa Madbouly on Wednesday.

Egypt is planning to issue tenders for a project to boost power generation at the ‘High Dam’ in Aswan.

Ahmed Gamal, the company’s CEO, said the company recorded EGP 1bn in sales in the first five months since the project’s launch in August 2020.

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