TEKVERA New Cairo: Aknan Developments Launches Egypt’s First Specialized Technology Commercial Destination with Investments Approaching EGP 500 Million

Project unveiled during a press conference honoring the company’s real estate marketing partners

Aknan Developments has launched TEKVERA New Cairo, its latest commercial development and Egypt’s first specialized technology commercial destination in New Cairo. The company unveiled the project during a press conference attended by its executive management, strategic partners, and representatives of leading real estate marketing companies. During the event, Aknan Developments presented the project’s vision and future expansion plans. Moreover, the company honored its real estate marketing partners in recognition of their contribution to the success of its developments.

Eng. Mohamed Helal, Chairman of Aknan Developments, said TEKVERA New Cairo represents a significant milestone in Egypt’s specialized commercial real estate market. Moreover, he explained that the project reflects the company’s strategy of developing innovative real estate products that respond to changing market demands.

He added that TEKVERA New Cairo introduces a new commercial concept. Instead of following the traditional shopping mall model, the project creates a fully integrated destination dedicated exclusively to the technology sector. Consequently, it brings together leading technology brands under one roof while delivering a unique experience for investors, retailers, and visitors alike.

Furthermore, Helal explained that Aknan Developments is developing the project on a 1,100-square-meter site with total investments approaching EGP 500 million. The development includes 50 commercial units distributed across the ground floor and three upper floors (G+3).

The project creates a comprehensive technology ecosystem that serves the entire sector. It includes mobile phone stores, computer and electronics retailers, artificial intelligence products, gaming outlets, electronic device maintenance services, innovation zones, and dedicated food and beverage (F&B) outlets. As a result, TEKVERA New Cairo offers a specialized commercial destination that combines retail, technology, and entertainment within one integrated environment.

Moreover, Helal confirmed that TEKVERA New Cairo occupies a prime location on 70th Street in New Cairo. The project sits between North 90th Street and South 90th Street, behind Trivium Business Complex, and close to Future University. In addition, it overlooks the entire Third Administrative District, significantly enhancing its commercial and investment value.

He further noted that the project is only one minute from North 90th Street and Trivium Business Complex. It is three minutes from Future University. It is five minutes from the American University in Cairo (AUC). Moreover, it is seven minutes from the Banking District. The project is ten minutes from both the Ring Road and the New Administrative Capital. Finally, Cairo International Airport is only fifteen minutes away. Therefore, TEKVERA New Cairo provides exceptional accessibility from all major destinations across Greater Cairo.

Accordingly, Helal emphasized that TEKVERA New Cairo does not rely on the concept of a conventional commercial mall. Instead, it introduces a specialized destination that integrates technology, innovation, and interactive customer experiences. This approach increases visitor engagement, extends customer stay, and enhances the commercial value of both retail units and international technology brands operating within the development.

Furthermore, Helal confirmed that Aknan Developments has partnered with leading specialized firms to deliver TEKVERA New Cairo according to the highest international standards. These strategic partnerships support the company’s commitment to quality, operational efficiency, and long-term investment value.

Smarch Architecture, led by Eng. Wael El Saman, is responsible for the project’s architectural design. Meanwhile, Aknan Integrated Projects oversees construction and execution. In addition, EgyMap Commercial Property Management will manage and operate the project after completion. Consequently, these partnerships will preserve the project’s operational quality and maximize its long-term investment performance.

Helal added that Aknan Developments plans to complete and deliver TEKVERA New Cairo within 18 months from its official market launch. Moreover, the company remains committed to delivering all of its projects according to the announced construction schedules while maintaining the highest standards of construction quality and execution.

He also highlighted that Aknan Developments has accumulated more than 20 years of experience since its establishment in 2002. During this period, the company has successfully delivered more than 700 units, with a total built-up area exceeding 150,000 square meters.

Moreover, Helal explained that the company follows its core philosophy, “Based on Reality,” which focuses on understanding actual market needs before launching new developments. Accordingly, Aknan Developments delivers practical projects that create sustainable value for investors while meeting the expectations of end users.

He further noted that the company’s portfolio includes several distinguished developments. Among them is Multqa Social District in New Cairo, which reflects the company’s commitment to developing integrated mixed-use communities that combine strategic locations, contemporary design, and high-quality execution.

According to Helal, TEKVERA New Cairo marks the beginning of a new generation of specialized commercial developments that respond to the rapid transformation of the technology sector. Furthermore, the project reflects Aknan Developments’ vision of creating innovative destinations that combine specialized commercial activities, smart planning, and sustainable investment value within one integrated development.

The Chairman added that technology has become one of the fastest-growing sectors in Egypt and the region. Therefore, the company designed TEKVERA New Cairo to become a central destination for technology brands, retailers, entrepreneurs, and consumers seeking a modern commercial environment dedicated entirely to technology products and services.

Moreover, the project supports the growing demand for specialized commercial destinations rather than conventional retail centers. Consequently, TEKVERA New Cairo creates greater opportunities for technology companies to expand their presence while providing visitors with a unique shopping and entertainment experience.

Concluding his remarks, Eng. Mohamed Helal announced Aknan Developments’ expansion strategy. He revealed that the company plans to launch three new projects during the third quarter of the current year, with total investments estimated at approximately EGP 2 billion.

He explained that these upcoming developments form part of the company’s long-term strategy to expand its real estate portfolio through innovative and specialized projects. In addition, the company aims to respond to evolving market requirements while delivering sustainable investment returns for both investors and end users.

Furthermore, Helal reaffirmed Aknan Developments’ commitment to developing projects that create genuine added value rather than simply increasing the number of developments in the market. Accordingly, the company continues to focus on selecting strategic locations, adopting innovative development concepts, and collaborating with leading specialized partners to ensure the highest standards of quality and long-term operational efficiency.

He also emphasized that TEKVERA New Cairo reflects the company’s vision of creating specialized commercial destinations capable of supporting Egypt’s digital transformation and the rapid growth of the technology sector. Consequently, the project is expected to become a major destination for global and local technology brands seeking a modern business environment in one of Egypt’s fastest-growing urban communities.

Moreover, the development strengthens New Cairo’s position as one of Egypt’s leading commercial and investment destinations. Through its specialized concept, strategic location, integrated planning, and premium services, TEKVERA New Cairo introduces a new benchmark for technology-focused commercial developments.

Accordingly, Aknan Developments aims to deliver more than a traditional commercial project. Instead, the company seeks to create an integrated destination that combines technology, innovation, retail, and lifestyle experiences within one development. This approach supports sustainable investment growth while creating long-term value for investors, retailers, and visitors alike.

Through TEKVERA New Cairo, Aknan Developments continues to execute its vision of developing landmark projects that respond to future market trends. At the same time, the company reinforces its position as one of Egypt’s emerging real estate developers specializing in innovative commercial destinations that combine smart planning, contemporary architecture, premium operational standards, and sustainable investment value.