The Iconic Tower in the New Administrative Capital is one of the most famous skyscrapers at the moment

The New Administrative Capital Tower: the highest in Africa  | Faydety

The Iconic Tower in the New Administrative Capital is one of the most famous skyscrapers at the moment. Currently under construction the skyscraper will be the tallest in Africa and is located in the central hub of the New Administrative Capital’s business district.&nbsp;How much will it cost, who is building it, and where is it located? These are all questions we will answer as well as throw in some more information about the New Administrative Capital.&nbsp;<h2>The Iconic Skyscraper:</h2>&nbsp;<ul><li>Tallest tower in Africa: 400 meters.</li><li>Location: the central hub of the business district in the New Administrative Capital.</li><li>Designed using international standards and being built by the Chinese State Construction Engineering Corporation (CSCEC), a leading company in the skyscraper building field on a global level.</li><li>Built on 5331, 041 square meters with an unobstructed view of all the main roads and Capital Park, the New Administrative Capital’s central park.</li><li>More than $3 billion invested in the project.</li><li>40 floors are done with another 30 under construction.</li><li>245 built and when the tower is finished it will reach 400 meters.</li><li>Total building area is 1, 709, 330 square meters divided over 20 buildings.</li></ul>&nbsp;Find out more about the New Administrative Capital&nbsp;<a href="https://www.faydety.com/learn/نصايح-ببلاش-5/15-معلومة-عن-العاصمة-الادارية-الجديدة-مساحتها-قد-سنغافورة-1967">here</a>&nbsp;<h2>&nbsp;The Central Business District:</h2>&nbsp;<ul><li>Location: between the Mohamed Ben Zayed Northern &amp; Southern axis.</li><li>Area: 1,700,000 square meters with total investment of $3.4 billion.</li><li>Developer: CSCEC is building the entire district and they are also the financial backers and executors.</li><li>The district will include several services and multipurpose (commercial, entertainment, residential) units, as well as several towers, banks, and financial offices.</li><li>The district will boast the tallest skyscraper in Africa.</li><li>The district will contain the new headquarters of the Central bank of Egypt, a money printing press, 12 commercial complexes, 5 residential buildings, and 2 hotels.</li></ul>

The New Administrative Capital Tower: the highest in Africa 

Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;&nbsp;The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.&nbsp;Let's start with the basics.&nbsp;<h2>Insurance Policy:</h2>&nbsp;As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.&nbsp;<h2>Insurance Premium:</h2>&nbsp;An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.&nbsp;<blockquote>The insurance company relies on calculating the probability of a loss or damage to an insured asset</blockquote>&nbsp;<h2>Types of Insurance:</h2>&nbsp;There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:&nbsp;<h2>Life Insurance / Health Insurance</h2>&nbsp;Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;&nbsp;Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.&nbsp;These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.&nbsp;<h2>Property Insurance / Disaster Insurance</h2>&nbsp;This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!

What do you know about the Insurance system in Egypt? and what's its Policies, Premium, and kinds? All you need to know about insurance

The New Administrative Capital Tower: the highest in Africa

Almost 245 meters already built

The Iconic Skyscraper:

The Central Business District:

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