It has 77 floors, mostly for office use, and is one of 20 towers being built as part of the central business district in the new capital city.

Egyptian Prime Minister Mostafa Madbouly visited the construction site to attend a ceremony that marked the start of concrete pouring operations on the foundations in 2019.

[citation needed] The tower project's architect of record is Dar al-Handasah Shair & Partners.

The overall plan for the new Cairo development project, led by the Egyptian Ministry of Housing, includes 20 high-rises in the complex surrounding Iconic Tower.

It was planned and inspired by the shape of a pharaonic obelisk, with the glass exterior representing the Egyptian god Amun’s Shuti crown.