About the Central Business District

The Central Business District (CBD) of Egypt's New Administrative Capital — also known as the Financial and Business District (الحي المالي المركزي) — is Africa's most ambitious corporate skyline project and the economic engine of the New Capital. A $3.8 billion development constructed by China State Construction Engineering Corporation (CSCEC), the CBD houses approximately 10 office towers, 5 residential skyscrapers, and 4 international hotels — all anchored by the Iconic Tower, Africa's tallest building.

The Iconic Tower: Africa's Tallest

The Iconic Tower (البرج الأيقوني) stands at 385 to 394 meters across 77 floors — the tallest building in Africa — dominating the New Capital's skyline and serving as Egypt's most visible symbol of its urban ambition. The tower includes premium residential floors, ultra-luxury hotel suites, corporate office space, an observation deck, and high-end retail at its base. It has become the defining image of the New Capital internationally.

Corporate and Investment Profile

The CBD is the destination of choice for Egypt's major banks, multinational corporations, and financial institutions establishing headquarters in the New Capital. As government ministries, parliament, and embassies fully relocate and the city's population base expands, the CBD's commercial activity is projected to grow substantially. Plans also include the future Oblisco Capitale — a proposed 1,000-meter tower that, if built, would rank among the world's tallest structures.

Real Estate and Investment

The CBD's residential towers offer premium high-floor units with panoramic city views — among the most distinctive residential products in Egypt. Commercial office and retail investment in the CBD is driven by early-mover corporate demand and supported by the government's active relocation program. For investors seeking exposure to Egypt's new financial capital, the CBD is the most direct and highest-profile entry point.