Arkan Palm contracts with Badr El Din for Construction -CCC to construct “205” project’s phase I in West Cairo with EGP 1.5 bn, Invest –Gate reports.

The 205 Project covers 205 acres in Sheikh Zayed City, developed by Arkan Palm Development in partnership with New Urban Communities Authorities (NUCA).

Arkan Palm CEO’s Tamer Badr El Din expresses his happiness to collaborate with CCC, pointing out that the joint venture of Badr El Din for construction and Consolidated Contractors Company CCC is a leading step to present a unique outcome that complies with the current amount of urban development.

“According to the agreement signed, CCC will construct the first phase of the residential part of the project within 14 months, while Arkan Palm will start to deliver the units of this phase within two years and a half, around 15 months ahead of schedule,” he elaborates.

Additionally, he notes that the USA architecture firm of Gensler had set the project’s design plan, besides getting the assistance of major Egyptian consultants’ offices, including Raef Fahmi Architects, Ramy El-Dahan Egypt Architect and Dar Al-Handasa.

He further states that Arkan Palm has contracted with Savills to operate the administrative part of the project, along with the Intercontinental hotel company to operate the hotel apartment in the project. In addition, he notes that there are undergoing negotiations with many leading companies in this field as the project includes many hotels.

Revealing further details about the project, he says,” 205 project is the first downtown district in the West of Cairo. The project’s southern part stretches over one km and overlooks 26th of July Axis, while the northern part is 1.2 km and overlooks El Bostan Street, where many famous mall brands are located like Arkan and American Plaza.”

For his part, Ahmed Badr El Din, CEO of Badr El Din for construction uncovers that the project first phase spans over 40,000 meters, with a built-up area of 70,000, adding that each building in this phase consists of ground and nine stories.

“After finishing the construction of the first phase, Badr El Din for Construction – CCC will construct the residential zone, comprising 26 buildings,” he adds, “As for the entire project, it covers 200,000 meters, with a built-up area of 250,000 m.”

Moreover, he highlights the company’s intendancy to develop an expanding plan and singing new agreements to construct other projects.

Furthermore, Mohamed Tarek, CCC’s area managing director for North Africa concludes that his company was very keen to sign a long-term agreement with Badr El Din for construction, as the two companies show the same mindset and keenness to present high-quality projects in the market.

It’s noteworthy that CCC is active in Egypt for 25 years, working with the biggest real estate developers and governmental institutions. The company’s achievements include City Stars, City Stars Almaza, the Saudi embassy, Sofitel El Gezirah hotel and Saint Regis hotel. In addition, it is constructing megaprojects in New Alamein.