Nile Developments partners CFM for the construction of Festival Tower in Egypt

EGYPTNile Developments and Investment (NDI), a real estate company, has signed a contract with Contrack Facilities Management (CFM), one of the Orascom Group companies, to provide integrated facilities management solutions for the construction of the first Festival Tower in The New Administrative Capital.

CFM will provide consulting services and facility management for the project in the planning stages and studying the needs of new facilities, and was chosen by Nile Developments, due to the long and extended experiences.

Eng. Mohamed Taher, Chairman of the Nile Developments, said that as part of the company’s endeavour to launch new real estate products with unconventional specifications, it selects partners who have long and previous business experiences with successful projects to achieve this goal, especially since the real estate market needs new ideas and innovative, especially in administrative, commercial and hotel sectors, which is what the company aims to achieve during the coming period.

“Real estate market needs new ideas and innovative, especially in administrative, commercial and hotel sectors.”

Eng. Mohamed Taher – Chairman, Nile Developments

The Nile Developments Company’s project is located on an area of more than 18,000 square meters with a main facade of 100 meters in the touristic towers area in Downtown in the New Administrative Capital, which is a distinctive area with its view of the Green River and a number of important projects.

For his part, Eng. Mahmoud Taher, Vice Chairman of the Nile Developments, said that the company raises the slogan of quality comes first, so it is keen to carefully choose the companies participating in the implementation of its projects, to provide the best quality to its customers in all stages, whether in design,

“And therefore Dr. Engineer Asaad Salama’s office, which is one of the largest consulting offices in the Arab world, and today we chose to contract with CFM company that has experience and previous work in implementing huge projects in Egypt,” he added.

The tower consists of 36 floors with a height of 131 Meters, and it includes commercial units (shops, restaurants and cafes), administrative offices, medical clinics, and hotel apartments, in addition to many facilities for customer service and tower visitors, comparable to those of the most famous similar towers regionally and internationally.

“Choosing the largest companies to establish the first Festival Tower in Egypt in the New Administrative Capital project increases the competitiveness of the project and the confidence of our customers in our keenness to provide them with the best services and is consistent with the company’s strategy to make. The project is an icon for multi-use towers in the Administrative Capital and the real estate sector in general,” Karim Mamoun, head of the commercial sector of the Nile Developments company, said.

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