Aknan Developments has announced the launch of TEKVERA, a commercial project dedicated to technology-related businesses in New Cairo, as part of its strategy to expand its portfolio of specialized commercial developments.
Karim Magdy, Chief Sales Officer and Vice Chairperson for Commercial Affairs at Aknan Developments, said the project is designed as a specialized commercial destination that brings together businesses operating in the technology sector, including mobile phones, computers, artificial intelligence products, gaming, and electronics maintenance services.
The project will be developed on a total area of approximately 1,100 sqm, with investments nearing EGP 500m. It will comprise 45 retail units across a ground floor and three upper floors (G+3), in addition to food and beverage outlets and spaces allocated for technology-related activities.
According to the company, TEKVERA is located on 70th Street in New Cairo, between North and South 90th Streets, behind Trivium Business Complex and close to Future University in Egypt. The project also overlooks the Third Administrative District and is within a short drive of the American University in Cairo, the banking district, Cairo Ring Road, the New Administrative Capital, and Cairo International Airport.
Magdy said the company aims to differentiate the project from conventional shopping malls by focusing exclusively on technology-related activities, with the objective of creating a specialized commercial destination for retailers and consumers.
He added that Smarch Architecture, led by Wael El Samman, has been appointed as the project’s architectural consultant, while Aknan Integrated Projects will serve as execution consultant. EgyMap Commercial Property Management will oversee property management and operations.
The company expects to complete and deliver the project within 18 months of its market launch.
Magdy also revealed that Aknan Developments plans to launch three additional projects during the third quarter of 2026, with total targeted investments of approximately EGP 5bn, as part of its expansion strategy.
