Empire State Developments Fast-Tracks El Centro Business Park in Egypt’s New Capital
Empire State Developments has significantly accelerated construction progress at its flagship
commercial project, El Centro Business Park, strategically located in the Downtown district
of the New Administrative Capital (NAC) The developer has confirmed that the structural
phase will be completed within one year, with full project handover scheduled within two
years, in alignment with its robust implementation strategy
Strong Execution Reflects Market Credibility
Mostafa Mohsen, Chairman of Empire State Developments, emphasized that the rapid
construction progress reflects the company’s strong commitment to its client base and
reinforces its growing credibility in Egypt’s real estate market. He noted that once completed
the project will stand as a flagship reference in promoting the company’s future developments
Despite ongoing market challenges within the real estate and construction sectors, Empire State
has maintained momentum, showcasing its resilience and operational strength throughout the development process
Green Building and International Standards Implementation
Empire State The company has confirmed that El Centro Business Park is being developed in accordance
with green building standards, contributing to the national drive for sustainable development
in the NAC Construction and finishing works are fully compliant with international best practices
aligning with the state’s vision for eco-conscious urban development
Project Overview: El Centro Business Park
Situated on a total land area of approximately 6,000 square meters, El Centro Business Park
is a mixed-use commercial project featuring a ground floor and 15 repeated upper floors
in addition to three basement levels covering the full site footprint
Key features include
Ground Floor: Designed for restaurants and cafés
Floors 1–3: Dedicated to retail units
Floors 4–5: Allocated for medical clinics
Floors 6–15: Reserved for administrative office spaces
Top Floor: Features a panoramic restaurant with a separate private entrance
Strategic Sales Plan and Market Adaptability
The developer has reported that nearly 100% of the units have been sold, with the exception
of a single floor retained by the company. This forms part of a hedging strategy designed
to ensure financial flexibility and adaptability to any potential market fluctuations. The built-up
area of the project is intentionally limited to 30%, allowing for greater spatial efficiency and design quality
Prime Location with Dual Frontage
One of the most attractive aspects of El Centro Business Park is its strategic location
in the heart of Downtown NAC, featuring dual frontages—one on a major main street
and the other facing Central Park, offering premium visibility and accessibility for businesses and visitors alike
Project Execution by Leading Industry Entities
The construction works are being managed by a sister contracting company, ensuring
high levels of quality and project delivery efficiency Additionally, CBRE, renowned for
managing Egypt’s Iconic Tower, has been appointed for project management, while the
engineering consultancy is being handled by ACE Moharram Bakhoum, a leading name in the region
This collaboration with top-tier industry players highlights the strategic significance and anticipated
impact of El Centro Business Park within Egypt’s evolving commercial real estate landscape
With its advanced construction progress, strategic location, and commitment to international
and green building standards, El Centro Business Park by Empire State Developments is poised
to become a landmark commercial destination in the New Administrative Capital. As the project
continues toward completion, it stands as a testament to Empire State’s capability and vision in
delivering high-value, future-ready real estate developments
