
LMD Completes Phase One of Business Quarter at ONE NINETY in New Cairo
Landmark Real Estate Development (LMD), a prominent name in integrated real estate development, has announced the completion of construction work for Phase One of the Business Quarter (Quarter A) at its flagship ONE NINETY project in New Cairo. With final finishing and handover operations now underway, businesses are expected to begin operations this month, marking a major milestone in the evolution of this transformative mixed-use destination.
Spanning a total area of 345,000 square meters, ONE NINETY is designed to be a vibrant urban hub that combines business, hospitality, retail, and residential offerings. The development includes the Business Quarter, W Cairo Hotel & W Cairo Residences, Cairo Design District, retail and entertainment zones, and a lush Urban Park featuring expansive green spaces and a curated selection of fine-dining restaurants.
The project sets new standards in smart, sustainable design and integrated living. With over 2,500 employees expected to operate from Quarter A alone, the entire project aims to attract more than 60,000 visitors and 8,000 employees daily. Sustainability is a core pillar of the development, with features such as electric vehicle charging stations, energy-efficient solar panels, and water recycling systems that promote environmental responsibility while reducing operational costs.
Strategically located at the entrance of 90th Street in New Cairo, adjacent to the Ring Road and directly connected to the One Ninety Monorail Station, the project offers six distinct access points, including a dedicated Ring Road entrance—ensuring convenient, traffic-free accessibility throughout the day.
Quarter A: Egypt's New Business Address
Phase One of the Business Quarter is set to welcome several major corporations and financial institutions, solidifying its reputation as a top-tier business destination. Key tenants include:
• Arab African International Bank (AAIB): The bank's new 24,000 sqm headquarters will accommodate around 2,000 employees, becoming the largest facility of its kind in Egypt.
• PwC: Hosting over 800 professionals in its new regional headquarters.
• Multinationals and regional leaders: Turkish Airlines, Fertiglobe (a subsidiary of ADNOC), and Chalhoub Group are among the companies preparing to open offices.
• Retail and dining: A curated mix of high-end brands, restaurants, and cafés will support the business ecosystem, with several making their Egypt debut.
Leadership Vision
Amr Sultan, CEO of LMD, emphasized the project's broader significance: 'ONE NINETY represents a transformative step in the development of integrated real estate communities and an inspiring vision for the future of entrepreneurship. The completion of Quarter A reflects our commitment to delivering world-class projects that uphold innovation, quality, and sustainability.'
He continued, 'ONE NINETY has already attracted nearly EGP 900 billion in investments. With its prime location and integrated offerings, it is the ultimate destination for companies seeking a dynamic business environment. We are proud of our partnerships with global leaders and look forward to completing the upcoming phases—including the highly anticipated W Cairo Hotel, whose structural framework is expected by end of 2025.'
A New Urban Model
ONE NINETY is being developed in collaboration with top international firms, including SOM (Skidmore, Owings & Merrill), BGB, and Marriott International—marking the debut of the W Hotels brand in Africa. The project not only reflects a new urban vision for New Cairo but also establishes Egypt's first of its kind mixed-use development that combines global standards with local ambition.
As construction advances on remaining phases, ONE NINETY continues to redefine what a modern, sustainable business district can be—positioning New Cairo as a magnet for global investment and enterprise.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Rector of Bauman Moscow State Technical University Speaks about Technological Co-op within BRICS
Nada Mustafa Mikhail Gordin, Rector of Bauman Moscow State Technical University, stated that scientific and technological cooperation between BRICS countries is of critical importance, according to TV BRICS. He spoke about this in an exclusive interview at the TV BRICS studio in the Roscongress International Cooperation Area at St. Petersburg International Economic Forum (SPIEF) 2025. "The BRICS countries and their partners are states that can jointly develop new technologies. The most important thing for these countries is technological independence, technological sovereignty, which is valuable in itself," Gordin emphasised. According to him, Russia's technological sovereignty is "the ability to survive on its own," and for BRICS partners, it is the ability to maintain independence by using solutions from different sources. "This is a very good way to maintain sovereignty, to be able to take developments from more than one source," he noted. Gordin also spoke about the experience of the Bauman Moscow State Technical University in this area. He noted that the university cooperates with a number of BRICS countries, in particular China, including participation in conferences and joint scientific developments. In addition, the university has established ties with countries of the Commonwealth of Independent States (CIS), some of which are BRICS partners. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Director for International Cooperation at REC: Russia Is Ready to Develop Commodity Exchanges within BRICS
Nada Mustafa BRICS spans almost all continents, and each member country is capable of producing competitive goods. This was stated by Anton Tsetsinovsky, Director for International Cooperation and Development at the Russian Export Centre (REC), in an exclusive commentary at the TV BRICS studio in the Roscongress International Cooperation Area at St. Petersburg International Economic Forum ( SPIEF) 2025, according to TV BRICS. He emphasised that the foundation of sustainable cooperation within the group lies not only in product supply but also in the development of deeper cooperation, including transport and logistics connectivity, industrial collaboration, the transition to settlements in national currencies, and the insurance of mutual deliveries. 'The initiatives currently under discussion, such as the creation of commodity exchanges in key sectors like metallurgy and agricultural production, are forming a foundation for sustainable trade and industrial cooperation within BRICS,' said Tsetsinovsky. According to him, Russia is ready to enter foreign markets not only with its products but also with technological solutions. One of the priorities is the localisation of Russian developments in partner countries, which will ensure a sustainable presence in those markets. Tsetsinovsky noted that in today's changing global economy, multifactor and multivector cooperation is essential. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


Daily News Egypt
5 hours ago
- Daily News Egypt
Contact Financial Holding Delivers Stellar Q1-2025 Results with 306% YoY Net Income Surge, Fueled by Soaring Insurance and Fintech Growth
Contact Financial Holding, Egypt's leading non-bank financial services and insurance provider, has reported a powerful start to the year, posting a 306% year-on-year (YoY) surge in consolidated net income for the first quarter of 2025, reaching EGP 59 million. The group's total operating income also saw a robust 30% YoY increase, rising to EGP 475 million, underscoring the company's strong operational momentum and strategic shift toward high-margin and digitally enabled financial solutions. In a statement announcing the results, Contact's management highlighted the company's renewed strategic focus: 'Contact's strong first-quarter results reflect the impact of our strategic pivot toward higher-margin products and the resilience of our business model, supported by gradually improving economic conditions. The exceptional performance from our insurance division, which recorded a 767% increase in net income, has further strengthened our growth trajectory.' Insurance Division Steals the Spotlight The insurance segment emerged as the group's fastest-growing division, delivering unprecedented performance. Insurance revenue surged by 73% YoY to reach EGP 619 million during Q1 2025, driven by strong contributions from both Sarwa Life and Sarwa Insurance. Gross written premiums (GWPs) climbed 54% YoY to EGP 1.07 billion, underlining the group's expanding footprint in Egypt's insurance market. Operating income from the insurance business soared by 242% YoY to EGP 109 million, while net income recorded a staggering 767% YoY increase, reaching approximately EGP 43 million—a nearly ninefold jump compared to the same period last year. The group attributed this growth to improved underwriting margins, expanded product offerings, and increased market penetration across key customer segments. Financing Division Remains a Steady Performer Contact's financing division also delivered solid results, with operating income up 14% YoY to EGP 372 million. Net profit for the division increased to EGP 27 million, reflecting a 33% YoY rise. This performance was supported by the group's continued emphasis on credit quality, portfolio diversification, and innovative financing products that cater to both individuals and SMEs. Fintech and Digital Platforms Driving Future Growth The group continues to push the boundaries of digital transformation in Egypt's financial services sector. Its flagship platform, ContactNow, has positioned itself as Egypt's first all-in-one digital financial marketplace. The app has witnessed growing traction, enabling customers to access a wide array of financing products, apply for loans, and complete purchases with flexible payment options—ranging from cash to tailored installment plans. During the quarter, Contact enhanced the app's user experience by launching a new end-to-end digital purchase journey, enabling seamless product discovery, credit application, and payment integration. This move is part of the group's broader effort to accelerate fintech adoption, improve customer acquisition, and deepen cross-selling opportunities. Strategic Outlook With a strong start to the year, Contact Financial Holding appears well-positioned to capitalize on Egypt's evolving financial landscape. The company is benefiting from favorable macroeconomic conditions, increasing demand for non-bank financial services, and rising digital adoption among consumers. Analysts have pointed to Contact's balanced portfolio, innovative technology platforms, and operational discipline as key factors that will continue to support its upward trajectory throughout 2025.