Menassat Developments signs an EGP 650 mn strategic partnership agreement with the consortium of Solid Constructions and Dar for Construction and Trading (DETAC) to execute the works of the concrete structure of the Podia Tower project, Invest-Gate reports.

Podia Power is the first commercial, administrative, and medical energy-efficient building in the NAC, Chairman of Menassat Developments, Ahmed Massoud, says.

The project includes 25 floors, in addition to a ground floor and a three-level basement, Massoud adds.

He notes that Podia Power’s investment cost amounts to EGP 2.5 bn and is set to be completed in 2025.

The agreement with the Solid-DETAC consortium reaffirms Manasat’s persistence in its strategy to provide property products with the highest construction quality that meets all needs and offers unprecedented investment opportunities, Massoud comments.

He notes that Manasat formed strategic task-specific partnerships with top construction companies in Egypt and abroad including Pinnacle, the project’s design consultant; Sabbour Consulting, which oversees the execution of the project, and EHAF Consulting Engineers which manages the project during the designing and execution.