Arabtec to Build Two New Phases in Uptown Cairo

Arabtec to Build Two New Phases in Uptown Cairo

UAE-based construction company Arabtec Holding has secured a deal with the Egyptian arm of Dubai-based Emaar Properties, Emaar Misr, to carry out two projects for them in their Uptown Cairo compound, Invest-Gate reports.

The contract is worth USD 42.75 mn and stipulates that Arabtec will construct phases three and four of the Levana Village E on a total build up area of 61,000 square meters, according to a statement by Arabtec.

Emaar has assigned Arabtec to finish 128 new villas, in addition to the surrounding roads and needed infrastructure.

The latest deal is part of Arabtec Holding’s worldwide expansion plan.

We will continue to strategically onboard work in our key competencies and key geographic markets where our clients operate that makes business sense for Arabtec’s success and sustainability,”Arabtec Holding’s Group Chief Executive Officer, Hamish Tyrwhitt says.

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