About Diamond City New Capital
Project Name: Diamond City.
About Project: It is the largest and most luxurious residential, administrative, commercial, and entertainment project in the heart of the New Administrative Capital.
Diamond City Location: it is located in a privileged location in the heart of the New Administrative Capital, it also characterized by overlooking the Green River.
Project Space: It has a vast investment area of about 4 million square meters, and the land area is approximately 2.5 million square meters.
Units Type: The size of the units varies among duplex apartments, penthouses, and twin houses, as well as administrative and commercial units.
Price per meter: it starts from 3500 EGP per meter.
The Developer Name: Alliance World Wide Consortium (AWWC) with cooperation with Sabbour Consulting.
Diamond City New Capital
It was recently announced the launch of The Diamond City New Administrative Capital project which is set to be the largest and most luxurious residential, administrative, commercial and entertainment project in the heart of the New Administrative Capital, huge investments have been monitored and all human and material efforts have been mobilized to make this project to reach the highest levels of luxury and sophistication, where customers will find all the comforts and entertainment they dream, it is truly a starting point towards the horizons of the future.
Location of Diamond City Sabbour
A special location has been chosen for this huge project, and with looking into the map of the New Administrative Capital, Diamond City is within the most vibrant area overlooking the Green River, the largest central park in the Middle East, with a stunning landscape.
The project is also approaching The Downton area, one of the most vibrant areas in the New Capital.
The project's strategic location is unique near the New Capital's important neighborhoods, especially the Diplomatic Quarter.
The location is close to the main roads and hubs, making it easy to reach.Read more about the project
Area of The Project
A vast investment area of about 4 million square meters has been allocated to the project, and the land area is approximately 2.5 million square meters.
The project is a group of skyscrapers and towers that are equally beautiful and magnificent to Dubai towers, ranging in height from 60 meters up to 180 meters.
The size of the units to be included in the project ranges among duplex apartments, penthouses, and twin houses, and will also include administrative and commercial units with spaces to suit all customers' tastes and desires.
Services and Features within Diamond City Administrative Capital
It is the product of an alliance and agreement of huge companies that have their importance in the real estate world in Egypt and the world, so it includes a number of benefits and services that benefit customers and provide them with comfort and well-being, and the most important features of this project include the following:
- All human and technical possibilities will be provided to bring this project to the Globalization.
- The latest technology and smart technology applications will be adopted to design the project in accordance with the latest international standards.
- Providing state-of-the-art high-speed elevators according to the latest international technology.
- Advanced garbage and waste collection system.
- Security and guarding services operate 24 hours a day.
- Modern surveillance cameras are working everywhere.
- Dedicated parking garages.
- Green spaces, gardens, and parks are everywhere.
- Water bodies give the place a special charm.
- Providing recreational services for adults and kids.
- Shopping stores offering the most famous brands.
- Cafes, restaurants, and picnic areas.
- Special running, walking, and cycling tracks.
- Modern designs for all units.
- Wide streets to ensure privacy and avoid crowds.
- Advanced fire fighting systems.
- Strong infrastructure, integrated services, and facilities.
- Observing all global health and safety standards that comply with environmental requirements.
- Various educational services.
- 24-hour health services, clinics, and pharmacies.
The Mall Investment Volume
As mentioned above, the promising project will be built on an investment area of about 4 million square meters at a price of 3,500 pounds per meter, and Egypt’s Administrative Capital for Urban Development (ACUD) has given The Alliance a six-month opportunity to pay 100 million USD as a down payment of the price of the land.
It is worth mentioning that this project will be implemented with a revenue partnership system, by 55% for Alliance World Wide Consortium (AWWC) and 45% for ACUD company, in order to achieve the principle of the Egyptian government to encourage foreign investment and create new jobs in the Egyptian market.
The total investment of the project amounted to about 100 billion Egyptian pounds over 7 years.
The Executing Company
The contract was signed by Egypt’s Administrative Capital for Urban Development with Alliance World Wide Consortium.
Hussein Sabbour office was also selected for giving all consultants about the project at all its phases of its implementation, during its construction period that expected to proceed for up to 7 years.
Alliance World Wide Consortium is one of the largest European alliances, comprising a wide range of international companies and represented in Egypt by the local partner Smart Construction Company (SCC), and this fruitful cooperation will produce Diamond City New Administrative Capital.
At the beginning of July 2020, coinciding with the Egyptian state's celebrations of July Revolution, the partnership contract was signed by Major General Ahmed Zaki Abidin, Chairman of ACUD, and Mohammed Mahmoud Al Brahmi, Chairman of Smart Construction Company.
In the presence of the leaders of the two companies, Engineer Omar Sabbour, Vice President of Sabbour Consulting, and Chairman of Boueri Engineering Planning and Consulting Offices (BEPCO) Gebran Youssef Boueri.
It is worth mentioning that it was confirmed during the signing of the agreement that the financing of Alliance World Wide Consortium for the project will be from abroad without the Egyptian state incurring any financial burdens.
In summary, Diamond City Capital Project is a huge project which its first details has been announced that predict to be one of the most luxurious and largest projects of the Administrative Capital, where the international and local companies long-standing in the field of real estate investment has been cooperated in its execution, and was provided with a huge financing, which guarantees the provision of a strong infrastructure for the project and many diverse and distinctive services, as well as the selection of a distinct site for its construction, the core of the project has been revealed, which indicates the growth of a large entity will find a quick and distinctive place on the New Administrative Capital.
A new life, additional job opportunities, and distinctive investments made by the compound on Egyptian soil deserve attention and waiting, it is truly a shining pearl and a bright gem on its way to shine in the skies of the Egyptian New Capital.
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