La Verde Developments contracts with Pillars Constructions to build the second phase of La Verde New Capital project in the most prestigious areas of the New Administrative Capital (NAC), Invest-Gate reports.

Under to the contract, Pillars Constructions is responsible for the construction work of the 2nd phase of the La Verde New Capital project. Signing the new contract falls in line with La Verde Developments’ plans to contract with major companies specialized in Egyptian market to develop the company’s projects according to the highest quality standards and the latest technologies globally and locally. La Verde New Capital project is located on 35 feddans in the most distinguished area in the NAC’s R8.

The contract was signed by Ibrahim Lashin, chairman of La Verde Developments and Mohamed Abdallah, chairman of Pillars Constructions. Lashin says that the company contracted with Pillars Constructions because it is one of the largest contracting companies in the Egyptian market and has a strong business record, adding that the contract is consistent with the company’s plan to deliver the project on time and in line with the state’s directions to quick develop the New Capital.

“The company is doubling its efforts to develop its projects with the highest possible quality and in accordance with international specifications and standards, to provide a distinctive real estate product that meets all aspirations of citizens, and to follow the state plans to accomplish its comprehensive urban plan,” Vice Chairman La Verde Developments Naglaa Tahoun comments.

Tahoun reveals the executive position of the La Verde New Capital compound, stating that 80% of villas construction in the project had been completed as a first phase. It is scheduled to complete the project constructions and start delivering La Verde New Capital project’s units in the beginning of 2023 according to the established schedule.