All About the Financial District in the New Administrative Capital

The New Administrative Capital is one of the largest national projects in Egypt, designed to be a global administrative and economic hub that keeps pace with modern developments. Among its most prominent areas is the Financial District, which serves as the beating heart of investment. It houses the headquarters of global banks, major corporations, financial institutions, and economic bodies, along with the Iconic Tower the tallest skyscraper in Africa.

The Financial District in the New Administrative Capital features advanced architectural designs and world-class infrastructure, offering companies a fully integrated business environment that meets the needs of investors and entrepreneurs. In this article, we will highlight the district’s location, key components, its significance in the Egyptian real estate market, and the investment opportunities available within it.

Location of the Financial District in the New Administrative Capital

The Financial District is strategically located at the heart of the New Administrative Capital, making it easily accessible from various neighborhoods and vital areas. To the north, it borders the Government District, home to ministerial and governmental headquarters, facilitating interactions with official authorities. It is also situated near the Presidential Palace, reinforcing its status as a business and decision-making hub.

Key Advantages of the Financial District’s Location

1- Easy access through an extensive road network connected to major highways such as the Cairo-Suez Road and the Regional Ring Road.

2- Proximity to the Capital International Airport, facilitating travel for businesspeople and international investors.

3- Close to upscale residential areas, providing an integrated environment for business professionals and employees.

4- Direct access to the electric train and monorail, ensuring seamless transportation within the capital.

This prime location makes the Financial District the top choice for financial institutions and multinational companies seeking a stable and prosperous investment environment.

Major Landmarks in the Financial District (NAC)

The Financial District boasts advanced urban planning, comprising a diverse range of facilities catering to the finance and investment sector, including skyscrapers, bank headquarters, financial institutions, luxury hotels, and commercial centers.

1- The Iconic Tower: The Tallest Skyscraper in Africa
The Iconic Tower is the most significant landmark in the Financial District, standing at 400 meters, making it the tallest skyscraper in Africa. It features modern architectural design and includes luxurious office spaces, commercial units, high-end residential areas, and hotel accommodations.

2- Banking and Financial Institutions Zone
The district hosts numerous headquarters of local and international banks, alongside major financial firms, including insurance companies, stock exchanges, and financial consultancy offices. It is often referred to as "Egypt’s Wall Street," offering a comprehensive environment for banking and financial services.

3- Commercial Centers and Luxury Hotels
The district contains several shopping malls featuring prestigious international brands, as well as a selection of world-class hotels catering to business travelers and international investors.

4- Conference Centers and Corporate Headquarters
Recognizing the importance of the Financial District, numerous conference centers have been established to host global economic events, government meetings, and investment forums, further solidifying its status as an international economic hub.

Size of the Financial District in the New Administrative Capital

The Financial District spans 550 acres, making it one of the most prominent economic landmarks in the New Administrative Capital. It is more than just a business zone; it is a fully integrated center featuring vital establishments that provide an ideal environment for investment.

The Government District includes 10 ministerial complexes housing 34 ministries, along with the Prime Minister’s headquarters, Parliament building, a central boulevard running through the ministerial buildings, the Presidential Palace, People’s Square, the Stock Exchange building, and the Egyptian Post headquarters.

Meanwhile, the Financial District itself covers 195 acres, with 80% of the area dedicated to green spaces to provide a sophisticated and comfortable working environment, while 20% is allocated to administrative buildings and banks.

Key Landmarks of the Financial District

1- Bank Headquarters: The district houses 27 banks, including the Central Bank of Egypt.

2- Administrative Buildings: It consists of 26 projects, each featuring a ground floor and seven additional stories.

3- Exclusive Projects: There are three exclusive projects designated for specific companies with defined activities and objectives, which are not available for public sale.

Expected Completion and Operation Timeline

Development of the Financial District in the New Administrative Capital began in late 2018 and early 2019. Construction progress has now exceeded 80%, reflecting the rapid pace of implementation. The Government District is set to be the first area to become operational, ensuring strong investment returns.

The Financial District is expected to be fully operational within three to four years at most. Some projects are already available for immediate delivery, including Grand Square and Champs-Élysées by Pyramids Developments, and Audaz by Gates Developments. Many other projects are scheduled for delivery in the first half of 2024, with phased handovers continuing until the end of 2026. High-profile projects like Paragon 3 offer prime investment opportunities, with a maximum delivery period of three years.

Key Highlights of the Financial District in the New Administrative Capital

1- Start Date: Work on the Government District began in 2015, coinciding with the foundation of the New Administrative Capital.

2- Total Area: The entire Financial District spans 1.5 million square meters (150 acres), with the Financial Zone alone covering 195 acres (1.7 million square meters).

3- Urban Planning: Only 28% of the area is occupied by buildings, while the rest consists of green spaces.

4- Infrastructure: Government buildings are equipped with state-of-the-art technology and modern facilities.

5- Government Offices: The district includes 10 ministerial complexes with 34 ministries, the Prime Minister’s headquarters, the Parliament, and a central boulevard spanning 430,000 square meters.

6- Employee Transportation: Employees will commute via high-speed rail, with plans for a tram system connecting Cairo Stadium to the Government District.

7- Workforce: The daily workforce in the Government District is expected to range from 5,000 to 5,500 employees.

8- Recreational Facilities: The district features a plaza area for employees, including gardens, fountains, and paved walkways with classic and Arabic designs.

9- Administrative Development: The transition to the New Administrative Capital coincides with the implementation of modern administrative systems to enhance government operations.

Advantages of the Financial District in the New Administrative Capital

- The district is home to Africa’s tallest skyscraper, the Iconic Tower (345 meters), serving as a distinctive architectural landmark. It also features over 12 commercial complexes, five residential buildings, and two five-star hotels designed to the highest standards of luxury.

- Beyond creating a business-friendly environment, the Financial District is designed to offer a prestigious and well-balanced atmosphere tailored to the needs of international companies. It includes a variety of integrated facilities such as sports clubs, a cultural center, and a hospital equipped with the latest medical technologies.

- Covering nearly 40,000 acres, the district presents significant investment opportunities for real estate developers to launch their projects and realize their investment visions in one of Egypt’s fastest-growing and most advanced areas.

Projects in the Financial District of the New Administrative Capital

The Financial District in the New Administrative Capital is one of the most prominent investment areas, offering a highly developed business environment for major companies and institutions. This makes it an ideal destination for investors seeking lucrative opportunities. Here are some of the top commercial and administrative malls in the district, providing units with various sizes and flexible payment plans suited for different investors.

Eleven Mall
Eleven Mall, developed by New Plan Real Estate Development, is one of the most notable investment projects in the Financial District. It is located in plot B1-11 and spans an area of 2.3 feddans. The mall features a modern design with a ground floor + 7 upper floors, offering commercial and administrative units starting from 40 m². The payment plans are flexible, with a 5% down payment and installments extending up to 7 years, making it an excellent investment opportunity for businesses and entrepreneurs looking for a strategic location in the New Administrative Capital.

Sixty Business Park
Sixty Business Park, developed by Al Borouj Egypt, is a major investment project in the Financial District, strategically located opposite the Ministry of Finance on an area of 33,000 m². It boasts a contemporary design, comprising a ground floor + 7 repeated floors and includes commercial, administrative, and medical units starting from 39 m². The project offers flexible payment options, starting with 0% down payment and installments up to 8 years, making it an ideal choice for investors and entrepreneurs looking for a fully integrated business environment in the heart of the New Administrative Capital.

Pro Mark Mall
Developed by MG Development, Pro Mark Mall is one of the top commercial and administrative projects in the Financial District. It is located on plots A1 and A2, directly opposite the Ministry of Finance, covering an area of 8,836 m². The project features an underground parking + ground floor + 7 upper floors, offering commercial and administrative units starting from 30 m². Investors can benefit from flexible payment plans with installment options extending up to 10 years, making it a prime opportunity for businesses seeking a vibrant and strategic location in the New Administrative Capital.

Marquee Mall
Marquee Mall, developed by Warren Real Estate Development, is a standout investment project in the New Administrative Capital, located in front of the Presidential Palace, covering 8,800 m². The mall features a luxurious architectural design, consisting of a ground floor + 7 floors, offering commercial, administrative, and medical units starting from 30 m². The project provides flexible payment options, starting with a 10% down payment and installments up to 6 years, making it an attractive investment opportunity for those seeking premium commercial spaces in the capital.

Audaz Mall
Audaz Mall, developed by Gates Real Estate Development, is a distinguished investment project in the New Administrative Capital, strategically located near Al Masa Hotel, covering 17,000 m². The mall features two separate buildings, each comprising a ground floor + 7 floors, offering commercial, administrative, and medical units starting from 23 m². The project provides flexible payment plans, beginning with a 10% down payment and installment options of up to 8 years, making it a great investment opportunity for companies and entrepreneurs seeking an integrated business environment in a prime location within the New Administrative Capital.