Nile Development is set to make history in Egypt with the development of the Nile Business City. The massive project is set to be built right at the heart of New Capital, Egypt's newly established administrative capital, and will be the centerpiece of the city.

The Nile Business City will occupy a 42,000 sqm plot of land and will consist of two towers, a 70 and 50-story tower, joined by a 7-story podium. The towers will house offices, a 5-star hotel, serviced apartments, and a world-class shopping center.

The Nile Business City, designed by Emaar Properties, is set to offer state-of-the-art facilities for businesses, residents, and visitors alike. It promises to become a hub of commercial and economic activity and a symbol of Egypt's progress and economic growth.

The project is expected to cost around $550m and will be completed in phases. The first phase, which includes the construction of the 50-story tower, is set to be completed by 2022, while the second phase, which includes the 70-story tower, will be completed by 2023.

The Nile Development team has already commenced construction with the excavation of the site already underway. They have expressed their excitement over the project, stating that they believe it will attract businesses and investors from all over the world and offer a new level of sophistication and luxury to those who work, live, and visit New Capital.

The Nile Business City has already generated a lot of interest from potential investors around the world, with many already indicating their willingness to invest in the project. The project is set to revolutionize Egypt's business landscape and bring much-needed economic growth to the country.

Overall, the Nile Business City is an exceptional project that will change the face of Egypt and further establish the country's position as a leading economic hub in the Middle East. It is a testament to Egypt's commitment to investment, progress, and development, and a symbol of its determination to build a more prosperous future for its people.