Menassat Developments signs a strategic partnership agreement with EHAF Consulting Engineers, Invest-Gate reports.

The contract makes EHAF the project management consultant of Podia Tower, the first energy-saving commercial, administrative, and medical tower in the NAC, with an investment worth around EGP 2.5 bn.

Podia Tower is the capital’s first to be built on a Smart Building Technology system, encompassing 25 floors, 3 basements, and a ground floor. It is scheduled to be delivered by 2025.

“Our four-year contract with EHAF makes them the consultant responsible for managing the project during design and implementation phases, in addition to supervising progress among contractors, consultants, and suppliers, and coordinating among them,”Ahmed Amin Massoud, Chairman of Menassat Developments, says.

“We reviewed all the drawings for Podia Tower and obtained the necessary license approvals. Drawings have also been approved by the Civil Defense Authority and the specialized committee for structure review, which makes Menassat Developments the first real estate development company in the area to do so. Moreover, all the approvals and drawings were handed over to the Building Research Center, and we are currently following up with them to obtain their approval and head to the NAC Authority to obtain building permits,” Tarek Bahaa, CEO of Menassat Developments, comments.

Bahaa adds that they also receive the drilling permit after paying the EGP 5 bn drilling insurance, in addition to the excavation work is currently being carried out at a depth of 20 meters on an area of 19,782 sqm in the Downtown area (Touristic District) in the NAC.

On the other hand, Abdelaziz Fahmy, Vice President of EHAF Consulting Engineers stresses EHAF’s commitment to implementing the terms of the contract according to the highest international standards, to contribute to making Podia Tower the best medical commercial administrative building in Egypt that can compete with distinguished administrative buildings around the world.