Construction works are starting at the site of the villas district as part of the residential community in the New Administrative Capital, Invest-Gate reports.
The new district will comprise fully-furnished 328 villas and 157 townhouses. Establishment of the 17,000-square-meter residential project is in progress, in line with the implementation of roads, utilities and infrastructure, Minister of Housing Mostafa Madbouly says. The ministry completed 70% of facilities in the government district and 60% in the residential development.
The cabinet awarded contracts worth EGP 4 bn to four contractors, providing facilities for 40,000 feddans in the New Administrative Capital.
The Orascom Construction-Hassan Allam alliance will be responsible for 740 feddans, while Holding Company For Construction & Development, Concorde Construction, and Arab Contractors will provide facilities for 1,130, 710, and 550 feddans, respectively.