The Saudi-Egyptian designer, AlTameer Arabian, will dispatch its third venture, Rivan Tower, at the New Administrative Capital (NAC) in March, with EGP 1bn in speculations, as indicated by CCO Ahmed Osama.
Osama additionally said that the organization has procured a plot of land with a selling territory of 8,600 sqm in the NAC’s midtown region. It is on this zone of land that AlTameer Arabian will dispatch its third task after Rivan for adjusted condos, and the venture for business properties, Rivan Square.
Rivan Tower is contained different units that incorporate business and regulatory units, close by serviced-apartments.
Osama noticed that the organization had contracted with the DMA Engineering Consulting Office to set out the designing plans and administer the undertaking’s usage.
He said that AlTameer Arabian expects to record EGP 500m in deals from Rivan Towers in the current year.
The organization means to start development work at the project during the third from last quarter (Q3) of 2021, he added, uncovering that the organization’s interests in the NAC will increment to EGP 5bn. This comes close to other development designs that the organization is focusing on the North Coast, and which will be declared soon.