Project unveiled during a press conference as the company honors its real estate marketing partners
Aknan Developments has announced the launch of its latest commercial project, TEKVERA, during a press conference attended by the company’s senior management, strategic partners, and representatives of leading real estate marketing firms. During the event, the company unveiled the project’s details and long-term vision, while honoring its marketing partners in recognition of their role in supporting the company’s growth.
Mohamed Helal, Chairman of Aknan Developments, said that TEKVERA represents a significant milestone in Egypt’s specialized commercial real estate market and reflects the company’s vision of developing innovative real estate products that address evolving market demands. Rather than following the traditional shopping mall model, the project introduces a fully integrated destination dedicated exclusively to the technology sector.
Helal added that the development spans 1,100 square meters and involves investments of nearly EGP 500 million. The project comprises 50 commercial units across a ground floor and three upper floors (G+3). It is designed to offer a comprehensive technology ecosystem featuring mobile phone retailers, computer and electronics stores, artificial intelligence products, gaming outlets, device maintenance services, innovation hubs, as well as food and beverage (F&B) outlets.
He noted that the project enjoys a prime location on 70th Street in New Cairo, between North 90th Street and South 90th Street, behind [location not specified], and close to Future University in Egypt (FUE). It also overlooks the entire Third Administrative District, enhancing its investment appeal.
According to Helal, the project is located just one minute from North 90th Street, approximately three minutes from Future University, five minutes from the American University in Cairo (AUC), seven minutes from the Banking District, 10 minutes from the Ring Road and the New Administrative Capital, and 15 minutes from Cairo International Airport.
Helal said the project’s key competitive advantage lies in its positioning as a dedicated technology destination that combines innovation with interactive experiences, transforming conventional shopping into an immersive customer journey while enhancing footfall and increasing the commercial value of both retail units and participating brands.
He added that the project was designed by Smarch Architecture, led by architect Wael El Samman, while Aknan Integrated Projects is responsible for construction. EgyMap Commercial Property Management will oversee the project’s management and operations. The company aims to deliver the project within 18 months from its official launch.
Helal also highlighted that Aknan Developments has more than 20 years of experience, having been established in 2002. The company has successfully completed and delivered more than 700 units, with a total built-up area exceeding 150,000 square meters, guided by its “Based on Reality” philosophy of delivering practical, market-driven developments.
Concluding his remarks, Helal announced the company’s expansion strategy, revealing plans to launch three new projects during the third quarter of this year, with combined investments of approximately EGP 2 billion, as part of Aknan’s strategy to expand its portfolio and deliver specialized real estate developments that create long-term value.
