EGYPT is to develop its first-ever vertical forest project in its New Administrative Capital. Misr Italia Properties has signed a cooperation agreement with Stefano Boeri Architetti, to establish the Vertical Forest Project on a 10,000 acres land.
According to Stefano Boeri Architetti’s Deputy Chairman Mohammed Khaled al-Assal, the company will offer the first stage of the project for sale in December 2019. ‘The development will consist of one hotel building and two residential buildings containing 300 units,’ he said.
Stefano Boeri Architetti’s owner Stefano Boeri also added that a global hotel chain will manage the three buildings, and that the buildings’ balconies and windows will feature thousands of trees and plants with the aim to reduce pollution. ‘The main focus is to reduce pollution and relieve the pressures of population density,’ he affirmed .
Misr Italia Properties
Misr Italia is one of the largest property companies in Egypt, specialising in real estate and tourism development. Founded in 1981, Misr Italia, which 100 percent locally owned, is much inspired by the Italian art and design and the role it plays in architecture and interior decoration reflecting elegance and simplicity.
Misr Italia offers diverse projects ranging from economic housing projects, small, medium and large-sized factories, luxurious residential properties, tourism, hotel and resort management, commercial and retail properties and business parks. The company has been involved in some of the prominent projects in Egypt, such as La Nuova Vista and Cairo Business Park in New Cairo, Italian Square in New Cairo & 6th of October, Mousa Coast in Oyoun Mousa and the soon to be launched luxury project in Ain Al Sokhna.