CONSTEC Inks Deals with 2 Major Developers for New Projects

CONSTEC Inks Deals with 2 Major Developers for New Projects

Construction and Design company (CONSTEC), an Egyptian joint stock company,  has signed two contracts with Tatweer Misr and Misr Italia Properties to execute two new projects worth over EGP 80 mn, Invest-Gate reports.

Tatweer Misr has assigned CONSTEC to handle construction and finishing works related to some villas in their project in North Coast, Fouka Bay, within 12 months, to be delivered by June 2019.

Misr Italia Properties has also agreed with CONSTEC to build three multi-story administrative buildings in Cairo Business Park project in New Cairo, with the delivery scheduled for the beginning of 2019.

Last year, CONSTEC has signed a deal with Misr Italia to implement two multi-story buildings in the same 75,615-square-meter project, which comprises 42 administrative buildings, a hotel, and a conference hall,  CONSTEC Managing Director Ashraf Abdel Hakim said.

The construction and design company has also dealt with Tatweer Misr before in implementing finished units in Fouka Bay with total investments of EGP 90 mn, Abdel Hakim added.

CONSTEC is expected to sign new deals with major companies in the coming period.

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