ALQAMZI Developments-Egypt signs a construction agreement worth EGP 500 mn with Dar Al-Mimar Construction Co. “DMC”, Invest-Gate reports.

Signing this cooperation agreement confirms the seriousness and commitment to implement works within the first phase of the “Seazen” project on the North Coast.

The signing of the agreement was attended by Yasser Zidan, ALQAMZI – Egypt Chairman, Sherif Ismail Soliman, DMC’s CEO, and Vice Chairman, and Mohamed Diab, CEO of “Inversion” project management Co., as well as company leaders and a group of media gentlemen.

According to the cooperation agreement between the two parties, the “DMC” Co. will implement residential units in the “Seazen” project with various spaces and different models, including chalets, twin houses, townhouses, and standalone villas.

Zidan states that the company announces, by contracting with “DMC”, the start of building construction works in the first phase of the “Seazen” project, in record time, after less than 6 months after obtaining the licenses for the project.

The “Seazen” project is located on an area of 204 acres on the North Coast at km 170 in the Dabaa region, with investments amounting to EGP 14 bn, and it includes residential units of various sizes with fully finished units.

Moreover, Soliman expresses his pleasure in cooperation with ALQAMZI, adding that ALQAMZI has been able to enter the Egyptian real estate sector strongly and prove its distinction and seriousness in the last two years despite the challenges faced by the sector.

It is noteworthy that ALQAMZI Developments is one of the major Emirati entities founded in 1997, specialized in the contracting sector, implemented many projects throughout the Emirates, and expanded abroad in 2010.