The Nile Tower project has a history and it is not an easy one. The idea to rise a skyscraper on the shores of Nile that will overlook the whole Cairo up to the Giza pyramids was coined by Hosni Mubarak. As a revolt of 2011 has removed him from power and the economics worsened the idea, developed by the renowned architect Zaha Hadid in 2007, was put on hold.
As a part of re-urbanisation of Cairo the idea was revived by the current president of Egypt, Abdel Fattah al-Sisi. It will be integral part to reconquering the city center, meant to show the wealth and prosperity of the Cairo. The doctrine of city center renovation is inflicting toll among the slum quarters of Maspero, disturbing the decades long process of lumpenization of the Cairo’s very heart.
The buildings initial cost of $600M will likely to be overrun by the falling rates of the Egyptian pound notes Brennan Cusack from Forbes.
The project is 70 stories high with triangular-rectangular shape. It will be used as a commercial office space and meant to signal the investing opportunities for Egypt.