How Will Legacy Business Complex Impact Egypt’s NAC?

June 7, 2024

In the bustling heart of Egypt’s New Administrative Capital (NAC), a remarkable transformation is underway. Just Development, an ambitious Egyptian developer, has reached a significant milestone in the construction of the Legacy Business Complex—an 11-story tower designed to host a blend of offices, retail spaces, and clinics. With an eye-catching investment of about 500 million Egyptian Pounds, this project isn’t just a mere addition to the skyline—it’s an emblem of the future of Egyptian infrastructure, set to fortify the commercial and medical services in the NAC.

As concrete and steel rise from the construction site, so does the anticipation of the project’s completion by mid-October 2025. Spread across 3,000 square meters, the development’s geographical placing in the downtown area primes it for becoming a nucleus of activity and a catalyst for further regional growth. Chairman Osama Gomaa paints a picture of progress, with a completion rate already hitting the 30% mark, signaling that the Legacy Business Complex is well on its way to redefining the NAC’s architectural and functional landscape.

A Commitment to Sustainability

Within the walls of the Legacy Business Complex, a commitment to sustainability is foundational. IDENTITY Engineering Consultants, associated with IFC, a member of the World Bank Group, has taken the helm on sustainability consulting. This partnership aims to shepherd the development toward the coveted EDGE green building certification. The EDGE program, which stands for Excellence in Design for Greater Efficiencies, sets a global standard in sustainable building practices. This move reflects a broader trend within the Egyptian real estate sector to embrace eco-friendly initiatives and incorporate them into modern constructions, thereby fortifying Egypt’s response to global environmental challenges.

Furthermore, the development signals an increasing alignment of Egyptian real estate trends with international sustainability norms. By transitioning towards green practices, there’s a clear emphasis on lowering the operational costs and environmental impacts of buildings. The Legacy Business Complex stands as a testament to this shift, poised to serve as a benchmark for scalable, green construction throughout the country. The alliance with IFC for achieving EDGE certification is not just a badge of honor but a bellwether, underscoring Egypt’s proactive stance on sustainable development as it forges into a new era of urban expansion.

Beyond the Bricks: The Wider Impact

The New Administrative Capital of Egypt is in the midst of transformative growth as Just Development spearheads the building of the Legacy Business Complex—an 11-story multipurpose edifice that aspires to become a cornerstone for commercial and healthcare services. With a hefty investment of roughly 500 million Egyptian Pounds, this isn’t just another high-rise; it represents the bright future of Egyptian infrastructure.

As the tower gradually ascends, there’s a mounting sense of excitement for its targeted completion in October 2025. Spanning over 3,000 square meters in a prime downtown location, the complex is anticipated to serve as a hub of vibrant activity and drive further development in the area.

Chairman Osama Gomaa showcases the project’s swift and steady progress, with 30% of the construction already complete. The Legacy Business Complex promises to redefine not just the New Administrative Capital’s skyline, but also its operational dynamic.

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