Aknan Developments has introduced the launch of TEKVERA, a business venture devoted to technology-related companies in New Cairo, as a part of its technique to broaden its portfolio of specialised business developments.
Karim Magdy, Chief Gross sales Officer and Vice Chairperson for Business Affairs at Aknan Developments, mentioned the venture is designed as a specialised business vacation spot that brings collectively companies working within the expertise sector, together with cell phones, computer systems, synthetic intelligence merchandise, gaming, and electronics upkeep providers.
The venture might be developed on a complete space of roughly 1,100 sqm, with investments nearing EGP 500m. It can comprise 45 retail models throughout a floor ground and three higher flooring (G+3), along with meals and beverage shops and areas allotted for technology-related actions.
In line with the corporate, TEKVERA is positioned on seventieth Road in New Cairo, between North and South ninetieth Streets, behind Trivium Enterprise Advanced and near Future College in Egypt. The challenge additionally overlooks the Third Administrative District and is inside a brief drive of the American College in Cairo, the banking district, Cairo Ring Street, the New Administrative Capital, and Cairo Worldwide Airport.
Magdy mentioned the corporate goals to distinguish the venture from standard procuring malls by focusing solely on technology-related actions, with the target of making a specialised business vacation spot for retailers and shoppers.
He added that Smarch Structure, led by Wael El Samman, has been appointed because the venture’s architectural advisor, whereas Aknan Built-in Initiatives will function execution advisor. EgyMap Business Property Administration will oversee property administration and operations.
The corporate expects to finish and ship the venture inside 18 months of its market launch.
Magdy additionally revealed that Aknan Developments plans to launch three further initiatives through the third quarter of 2026, with whole focused investments of roughly EGP 5bn, as a part of its enlargement technique.
