AI Tower New Capital by Al Aliaa Developments is officially launched as the first AI-managed tower in Africa and the Middle East. The company launches its operations in Egypt with an investment plan worth EGP 100bn over two years. Moreover, the expansion strategy focuses on smart developments and international partnerships.
Official Launch Event
Al Aliaa Developments officially announced its launch in the Egyptian real estate market. The announcement included an investment plan worth EGP 100bn over the first two years.
Furthermore, the event was held under the patronage of the Council of Arab Economic Unity. This council is affiliated with the League of Arab States.
In addition, the Arab Union for Media cooperated in organizing the event. The ceremony gathered senior officials, diplomats, investors, and business leaders. Media personality Tony Khalife hosted the event.
AI Tower New Capital Project
The company unveiled its first project in Egypt, AI Tower New Capital. The tower is located in the Central Business District (CBD) of the New Capital.
It represents a major leap in smart real estate development. Moreover, it is designed as the first AI-managed tower in Africa and the Middle East.
The AI system will manage operations, energy consumption, and services. As a result, it will improve efficiency and optimize resource usage. In addition, it follows the latest international smart building standards.
Chairman Statement
Eng. Ezzeldin Kamal, Chairman of Al Aliaa Developments, confirmed that entering Egypt is a strategic decision. He added that the move is based on long-term vision and confidence in the Egyptian economy.
Moreover, the company relies on more than five decades of accumulated Arab investment experience. This experience comes through an alliance of investors and industry experts.
He also stated that the company will announce additional projects in Egypt gradually. Furthermore, a new project in East Cairo will be announced soon.
Co-Founder Statement
Dr. Adel Hegab, Co-Founder and Board Member, highlighted Arab economic integration. He explained that the company brings together expertise from multiple Arab countries.
Moreover, the goal is to develop projects that compete regionally and internationally. In addition, the company focuses on innovation, sustainability, and advanced technology.
He confirmed a strategic partnership with Honeywell. Honeywell is a global leader in smart building technologies and digital transformation.
Through this partnership, AI Tower will implement advanced intelligent systems. As a result, the project becomes a regional benchmark for smart buildings.
Strategic Partnerships
Al Aliaa Developments signed additional partnerships to ensure project excellence.
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Wadi El Nile Healthcare will manage healthcare facilities.
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ACE Moharram.Bakhoum acts as lead engineering consultant.
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Mohamed Hafez serves as project consultant.
