ÈLM Developments has signed a significant agreement with Consolidated Contractors Company Egypt (CCC Egypt), valued at EGP 3.5bn, for the construction of the ÈLM Tree project in 6th of October City. CCC Egypt will serve as the main contractor, overseeing the full scope of construction for this ambitious development, Invest-Gate reports.
The announcement was made during an official ceremony attended by Dr. Yasser Abdel Maksoud, Vice Chairman and Managing Director of ÈLM Developments, and Eng. Mohamed Tarek, CEO of CCC Egypt, alongside senior executives from both companies. The agreement highlights a synergy between modern development vision and long-standing construction expertise, with both sides emphasizing a shared commitment to quality and engineering precision.
Located in the northern expansions of 6th of October City, the ÈLM Tree project spans 58 acres, with over 80% dedicated to green spaces and open areas. The development will feature low-density residential units, including apartments and duplexes, as well as a 26-acre commercial and administrative zone. A social club with a swimming pool, padel court, football field, and children’s area will complement the project’s offerings.
CCC Egypt, a subsidiary of Consolidated Contractors Group Offshore (CCC), is one of the Arab world’s leading construction companies. With over 70 years of experience and a portfolio of more than 1,500 projects across 50 countries, CCC is known for its cutting-edge technology and expertise in large-scale projects. The company has delivered key developments in Egypt, including City Centre Almaza, CityGate New Cairo, and the St. Regis and Sheraton Heliopolis hotels.
Dr. Yasser Abdel Maksoud, Vice Chairman and Managing Director of ÈLM Developments, stated, “This partnership marks a pivotal milestone for ÈLM as we aim to redefine Egypt’s real estate market. Our vision is to create integrated, sustainable communities, and ÈLM Tree represents the beginning of this journey.”
Eng. Mohamed Tarek, CEO of CCC Egypt, added, “We are proud to lead the construction of ÈLM Tree, a project that will set new benchmarks in Egypt’s real estate sector. CCC’s experience and commitment to quality make us an ideal partner to bring this innovative development to life.”
Established in 2024, ÈLM Developments is focused on creating fully integrated communities that combine luxury, sustainability, and innovative design. The ÈLM Tree project is a key part of the company’s strategy to set new standards in the Egyptian real estate sector.