Modon Developments to launch largest hotel tower in NAC
Real estate developer expands in Arab alliance in NAC, launches its 5th project
Modon Developments announced its readiness to launch “Green River Tower”, the largest hotel tower on the Green River in the New Administrative Capital (NAC) with a total investment of over EGP 4.5bn.
The project is implemented by an Egyptian, Emirati and Kuwaiti alliance.
“Green River Tower” is the 5th and latest projects of the real estate developer. It is considered as continuity to Modon Developments significance since it started its work in the Egyptian market last year; as it launched a number of distinctive projects in NAC which distinguished by creative designs and matching with client’s needs from all over the world.
For his part, Modon Developments CEO Ahmed Osama said that the company’s mindset is built on Egyptian, Emirati and Kuwaiti expertises with over 30 years of experience in the building and construction field.
Osama added that the company had implemented around 80 projects and residential compounds in Egypt, and also had built various projects in the UAE and Kuwait.
He noted that Modon Developments will launch the administrative part of “Green River Tower” project this March.
He elaborated that the five stars hotel tower is built over 60,000 sqm, with the height of 30 stories and is considered as the largest on the Green River.
It comprises administrative and commercial units and will be operated by a number of the leading hotel management companies.
He revealed that the time frame of implementing the project is four years; meanwhile the company is planning to start the delivery process before the time scheduled for contracting, according to its serious and committed policy.
He disclosed that the phase to be finished this month at the administrative part of project is built over 15,000 sqm, while the total area of the administrative part is over 20,000 sqm.
The Modon Developments CEO said that the office areas varied from 35 to 1000 sqm, to comply with all the companies needs.
He added that the commercial part of the project is built over 13,000 sqm, and 20,000 sqm for the residential.
He disclosed that Modon Developments seeks to attract the international trademarks and brands to the project which was designed under the supervision of senior specialists at DMA for Designs and Engineering Consultancy, which has a great experience in designing mega projects in Egypt and the Middle East.
Modon Developments implemented other four projects in the new capital, among them the “Central Iconic Tower” is the first hotel in the Central Business District and built over 4104 sqm with height of 18 stories.
The total investment of the project is EGP 1bn.
Modon Developments owns lands in NAC and New Alamein City.
