logo
Infinity Tower nears completion with over 70% construction progress and investments exceeding EGP 4.9bln

Infinity Tower nears completion with over 70% construction progress and investments exceeding EGP 4.9bln

Zawya27-04-2025
Infinity Towers for Urban Development has announced the latest progress on its flagship project, Infinity Tower, a fully integrated real estate development located in the heart of the Central Business District (CBD) of Egypt's New Administrative Capital. The project stands as a benchmark for commercial and administrative developments in the Egyptian market.
Representing a strategic investment with a total value exceeding EGP 4.9 billion, the tower is designed in accordance with top-tier international standards in architectural engineering and smart technologies. It offers a modern and fully integrated work environment tailored to meet the expectations of both local and international business communities. Rising to a height of 200 meters with 31 floors, Infinity Tower is the tallest administrative and commercial building in Egypt and the fifth tallest in Africa.
According to the implementation plan, more than 70% of construction work was completed by mid-2024, with notable progress made in interior finishing phases.
The project plays a key role in supporting Egypt's economy by creating a variety of job opportunities. During its construction phase, it has generated approximately 150 direct jobs and 450 indirect jobs. Upon full operation, it is expected to provide around 3,000 permanent job opportunities, highlighting the long-term positive economic impact of the development.
Commenting on the announcement, Dr. Asaad Salama chairman of Infinity Towers for Urban Development: I emphasized that the milestone achieved by Infinity Towers reflects the company's leadership and innovation in high-rise real estate development. He noted that this success underscores Infinity Towers' unwavering commitment to sustainable growth and delivering added value to both investors and the wider community. He further stated that the significant construction progress made on Infinity Tower is a strong testament to the effectiveness and organizational strength of the company's dedicated project team, and its adherence to the highest standards of quality and professionalism.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MBRF launches Knowledge Lounge in Egypt to inspire Arab readers
MBRF launches Knowledge Lounge in Egypt to inspire Arab readers

Al Etihad

time11 hours ago

  • Al Etihad

MBRF launches Knowledge Lounge in Egypt to inspire Arab readers

21 Aug 2025 16:06 ALEXANDRIA (WAM)The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) launched its Knowledge Lounge initiative in the Arab Republic of Egypt as part of its constant efforts to instill a culture of quality reading in the Arabic language and nurture the youth's intellectual launch was held at the Bibliotheca Alexandrina, during a session moderated by writer Said Mahmoud and attended by prominent literary and cultural of MBRF, Jamal bin Huwaireb, said, 'The launch of the Knowledge Lounge in Egypt marks a significant milestone in MBRF's regional expansion strategy, which aims to promote our projects across all Arab knowledge capitals. It further showcases our goal to encourage reading among Arab youth, supporting them in broadening their prospects and improving their expertise across various intellectual and knowledge fields. Furthermore, its launch at the Bibliotheca Alexandrina aligns with our belief in the importance of this historical monument, which serves as a beacon of science, knowledge, and creativity. The move reiterates our commitment to developing and implementing initiatives that empower minds, refine skills, and promote openness and knowledge dissemination.'During the session, discussions were held on the history and expansion of the Knowledge Lounge initiative since its launch, especially its key focus on supporting Arab authors and literature. Furthermore, participants highlighted the success of the Knowledge Lounge in Canada, which boosted its impact and support for Arab writers by encouraging Arabic reading among expatriate discussions highlighted the initiative's entry into Egypt, where it will follow the same will focus on spotlighting Egyptian authors and enhancing readership within its sustainable framework. The initiative has also proven its success and continuity as a notable reading club locally and Knowledge Lounge initiative continues on its inspiring journey by conducting sessions and engaging discussions across various literary and intellectual fields. It aims to support readers, writers, and thinkers alike, empowering them to make significant contributions towards advancing the Arabic language and fostering the progress of Arab societies.

Egypt: Misr Oils and Soap incurs $761,624 losses in H1 2025
Egypt: Misr Oils and Soap incurs $761,624 losses in H1 2025

Zawya

time13 hours ago

  • Zawya

Egypt: Misr Oils and Soap incurs $761,624 losses in H1 2025

Arab Finance: Misr Oils and Soap Company turned to net losses after tax valued at EGP 37.023 million in the first half (H1) of 2025, against net profits of EGP 124.964 million in H1 2024, the financial results indicated. Loss per share hit EGP 0.01 at the end of June 2025, versus an earnings per share (EPS) of EGP 0.04 a year earlier. The revenues declined to EGP 440.791 million during the first six months of 2025 from EGP 576.831 million in the year-ago period. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (

Egypt: El Ahram for Printing widens losses by 800.3% YoY in H1 2025
Egypt: El Ahram for Printing widens losses by 800.3% YoY in H1 2025

Zawya

time13 hours ago

  • Zawya

Egypt: El Ahram for Printing widens losses by 800.3% YoY in H1 2025

Arab Finance: El Ahram for Printing and Packing reported 800.38% year-on-year (YoY) higher net losses after tax at EGP 92.526 million in the first half (H1) of 2025, versus EGP 10.276 million, as per the financial results. Loss per share reached EGP 11.12 in the first six months of 2025, up YoY from EGP 1.23. The company generated revenues amounting to EGP 10.198 million in H1 2025, an annual drop from EGP 12.757 million. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store