19:03 | 04-03-2026
This cooperation comes as part of an integrated development plan within the Alex West project, aimed at transforming the heart of the project into a fully integrated economic and administrative hub that serves the business community in Alexandria and its western districts, while enhancing the city’s attractiveness for both local and international investments.
The signing ceremony of the protocol was attended by Dr. Mohamed Abdel Aal, Chairman and Managing Director of Tasheed Real Estate Development, and Eng. Gamal Morsi, Managing Director of Barons Court Group. Both parties emphasized that the project represents a strategic step toward establishing a modern business hub in Alexandria that meets the needs of companies and institutions in the digital era.
Dr. Mohamed Abdel Aal stated that the new project represents the actual establishment of a fully integrated financial and business district within Alex West, covering an area of approximately 300,000 square meters. The district will include administrative, commercial, and service spaces, making it the first project of its kind in Alexandria to create a comprehensive business district that combines administrative, commercial, and service activities within one integrated system.
He explained that the project will include a variety of uses that meet the needs of the business community, including modern administrative spaces dedicated to companies and institutions, as well as commercial and service areas that provide daily services for employees and visitors within the district.
The project will also include a specialized banking zone aimed at facilitating financial services for companies and entrepreneurs. In addition, it will feature advanced technological infrastructure, including modern digital facilities and Data Centers, to support digital transformation and provide a sophisticated operational environment for businesses.
The project aims to create a fully integrated business ecosystem that combines offices, financial services, and technological infrastructure, enabling companies to operate in a professional environment that provides all their operational needs in one place.
One of the most notable aspects of the project is the significant scale of investments allocated for its development. Dr. Mohamed Abdel Aal explained that the total investment cost is expected to approach EGP 10 billion across the various phases of construction and operation.
These substantial investments reflect strong confidence in the potential of the Alexandria market and its ability to accommodate more advanced administrative and commercial developments, particularly in light of the urban expansion the city has witnessed in recent years.
The project will be implemented in several successive phases to ensure the highest standards of quality in design and construction, while providing advanced infrastructure that aligns with the latest global standards in business district development.
The development will also involve collaboration with specialized consultants in design and urban planning to ensure optimal use of space and to present a modern model for an integrated work environment within the city.
The Alex West project is located in a prime strategic area in West Alexandria, near Al-Taamir Axis, giving it a strong competitive advantage in terms of accessibility and connectivity to the city’s main road networks.
This location is considered one of the key factors supporting the success of the new financial and business district, as it connects the project with several vital areas such as Borg El Arab and the North Coast, in addition to its proximity to major industrial and commercial zones within the city.
The location also allows easy access to and from central Alexandria, making it an ideal environment for companies seeking a modern workspace away from the traffic congestion of the city center.
This strategic positioning is expected to attract a large number of local and regional companies looking to establish modern administrative headquarters in Alexandria.
For his part, Eng. Gamal Morsi emphasized that launching the project comes at a very appropriate time, especially with the growing demand for modern administrative and commercial spaces in the Alexandria market in recent years.
He pointed out that the development of road networks and main axes in the city has significantly improved mobility and connectivity between new areas and vital districts. This has encouraged many companies to expand and establish administrative headquarters outside the traditional central areas of the city.
He added that the project represents an important step in developing the heart of the Alex West project into an integrated hub for business and services, providing a modern working environment that meets the needs of various companies and keeps pace with global trends in the design and operation of business districts.
The project will also contribute to boosting economic activity in Alexandria by attracting investments and creating new job opportunities both directly and indirectly.
The new financial and business district aims to provide an integrated working environment that supports different types of companies, including large corporations, medium-sized businesses, and startups.
Large companies typically require extensive office spaces, strong technological infrastructure, and advanced facilities, while medium-sized companies seek distinguished locations that provide a professional environment with reasonable operational costs.
Startups and entrepreneurs, on the other hand, need flexible work environments that offer diverse services to help them grow and expand. The project aims to meet these needs through modern designs and multi-use spaces.
The presence of a dedicated banking zone within the project will also facilitate financial transactions for companies, in addition to providing specialized banking services that support commercial and investment activities in the district.
The companies developing the project have ensured the inclusion of sustainability standards throughout the planning and execution stages. The project will apply the latest environmental concepts in building design and operation.
This includes improving energy and water efficiency, adopting smart solutions for resource management, and providing green spaces and open areas that enhance environmental quality within the project.
These standards aim to achieve a balance between economic development and environmental preservation, ensuring the long-term sustainability of the project and creating a positive impact on the surrounding community.
This approach also reflects the developers’ commitment to implementing global best practices in sustainable real estate development.
The project is expected to have a positive economic impact on Alexandria Governorate by attracting more investments to the city and creating new job opportunities across multiple sectors.
During the construction phase, the project will generate significant employment opportunities in construction, contracting, and engineering services. After completion, additional jobs will emerge in fields such as management, maintenance, and various services.
The presence of an integrated business hub within the city will also support the growth of small and medium enterprises (SMEs) that depend on services surrounding business districts, such as logistics, technology, and consultancy services.
This is expected to further stimulate economic activity in West Alexandria and transform the area into a dynamic center for business and investment.
The launch of the financial and business district within the Alex West project represents an important step in the development of West Alexandria. It reflects a new urban development approach that integrates living, working, and services within a modern urban framework.
The project is also expected to reshape the investment map of Alexandria’s real estate sector by presenting a modern model of integrated business districts supported by advanced infrastructure and technology.
Furthermore, the project enhances Alexandria’s position as one of Egypt’s most important economic cities and confirms its capacity to accommodate large investment projects that support economic development and open new horizons for growth.
With the project expected to begin implementation in the coming period, the Alex West Financial and Business District is set to become one of the most prominent modern business hubs in Alexandria, offering a fully integrated environment that combines work, services, and technology in one place.