Who is the developer of Monorail Tower New Capital?

The company that owns Monorail Tower New Capital is ERG

Monorail Tower New Capital office 37m for sale

Reference: NS 95729

EGP 1,619,616

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 1,619,616

Monorail Tower New Capital office 37m for sale

Reference:

NS 95729

Price:

EGP 1,619,616 Installment

Price / Sqm:

EGP 43,773 Per Sqm

Finishing Status:

Super Lux

Area:

37 sqm

Delivery In:

2026

Listed:

Mon 22 May 2023

About Monorail Tower New Capital

Office for Sale in Monorail Tower - New Capital By ERG - Delivery Year 2026

ERG New Capital Egypt has revealed plans to construct a new monorail tower in the rapidly growing New Administrative Capital of Egypt. The tower, which will be constructed by a subsidiary of the Emirati engineering firm Electro Rave Group (ERG), will be a landmark infrastructure project that will help to connect different parts of the new capital while adding further allure to the skyline.

According to reports, the tower will measure 50 meters in height and will be primarily used as a terminal station for a new monorail system. The monorail will link the tourist attraction areas of the new capital, including the Olympic Village, the new opera house, and the Presidential Palace.

The monorail system is a vital transportation project for New Capital, which is being developed to relieve the congestion in Cairo, one of the largest and most populous cities in Africa. The new infrastructure will play a significant role in facilitating residents' movement and visitors' access to different parts of the city, encouraging more development and commerce in the new capital.

ERG New Capital, which is a subsidiary of the electro-Mechanical contracting company Electro Rave Group, has already completed several prominent projects in Egypt, including the construction of a monorail handover station, maintenance depot, and a number of interchanges.

The monorail tower project reflects the company's commitment to contributing to the infrastructure development of Egypt's new capital. As a statement released by the company notes, the project is expected to have a positive impact on Egypt's transportation sector, which plays a crucial role in supporting economic growth.

ERG New Capital has already secured a number of high-profile infrastructure contracts in Egypt, including the previous phase of the Egyptian National Railways' electric railway system. With the monorail tower project, the company will add to its portfolio of landmark infrastructure projects while further consolidating its position as a leading partner in Egypt's infrastructure development.

ERG New Capital is committed to completing the monorail tower project on time and to the highest standards of quality. With the new infrastructure in place, the new capital will be poised for greater growth and development in the years ahead, providing new opportunities for businesses, residents, and visitors alike.

MLS Realty
+201200070979