Cairo, 20 January 2026: Nile Developments has announced the signing of a strategic partnership agreement with Elsewedy Electric, under which Elsewedy Electric will execute the electrical infrastructure and smart systems for the Tycoon Tower and Tycoon Center projects in Egypt’s New Administrative Capital.
Tycoon Tower is set to become the tallest hotel in Egypt and Africa, while Tycoon Center will stand as the tallest administrative tower on the continent. Both landmark developments reflect Nile Developments’ ambition to deliver iconic, future-ready projects that meet the highest international standards.
This collaboration aligns with Nile Developments’ strategy of leveraging advanced engineering solutions and forming partnerships with leading specialized entities known for their technical expertise and proven execution capabilities.
The agreement was signed at the project site in the heart of the New Administrative Capital by Eng. Mohamed Taher, Chairman of Nile Developments, and Eng. Ahmed Elsewedy, CEO of Elsewedy Electric Group. The signing coincides with accelerated construction progress across both projects, underscoring the partners’ shared commitment to timely delivery and excellence in execution.
Tycoon Tower represents a major addition to Egypt and Africa’s hospitality sector as the tallest hotel on the continent. Designed as a next-generation smart hotel, the project will rely on advanced energy solutions and sophisticated electrical systems to achieve the highest levels of operational efficiency, sustainability, and guest experience fully aligned with the New Administrative Capital’s vision as a modern smart city.
Meanwhile, Tycoon Center embodies a forward-looking approach to ultra-high-rise office developments. As the tallest administrative tower in Egypt and Africa, the project integrates smart infrastructure and comprehensive building management systems to meet the evolving needs of businesses and institutions, redefining the future of work environments in line with global best practices.
Commenting on the partnership, Eng. Mohamed Taher, Chairman of Nile Developments, stated: “At Nile Developments, we don’t just build projects; we set new benchmarks in urban development. Iconic developments like Tycoon Tower and Tycoon Center require partners who share our level of ambition. Our partnership with Elsewedy Electric is a true value addition that reflects our commitment to quality, precision in execution, and delivering projects worthy of the future of the New Administrative Capital.”
Eng. Ahmed Elsewedy, CEO of Elsewedy Electric Group, expressed his pride in the collaboration, highlighting the group’s role in supporting Egypt’s national development agenda. He commented: “We are proud to partner with Nile Developments on projects that represent architectural icons in Egypt and Africa. Elsewedy Electric brings global expertise in electrical infrastructure and smart systems, and we see this partnership as a model for integrating real estate development with advanced technological solutions supporting the future of smart cities and sustainable development.”
This strategic partnership reflects an integrated model of modern urban development built on expertise, innovation, and high-quality execution, further strengthening the New Administrative Capital’s position as a regional hub for landmark projects and major investments in Egypt and Africa.