The Central Business District project with a prime location in the New Administrative Capital if Egypt is the largest project undertaken by a Chinese enterprise in Egypt. The Phase I project covers a land area of 505,000 square meters, including a 385-meter high Iconic Tower which will be the highest in Africa once completed . it also includes nine high-rise office buildings, five high-rise apartment buildings and one upscale hotel, as well as supporting facilities for these buildings. The total floor space for Phase I is about 1.7 million square meters. Phase II project, adjacent to Phase I, consists of more than 20 high-rise buildigns and multi-storey buildings, with a total floor area of about 1.8 million square meters. Once completed, the project will a core plot in the new capital area, with the most commercial value and the strongest comprehensive functions. Giving full play to the business cluster effect, the project will help to develop the  new capital into a modern commercial center in Egypt and even the whole region. It will also provide a better investment environment to better carry out the National Renewal Plan of Egypt.