Misr Italia Properties (MIP) announces its collaboration with ASASS Construction to ensure delivering the new phases of IL BOSCO New Capital and IL BOSCO City New Cairo projects according to the agreed-upon contractual delivery dates, Invest-Gate reports.

ASASS will be responsible for the construction work of phase one of IL BOSCO City, New Cairo as well as the buildings of phase I, and the villas of phases II & III of IL BOSCO, New Capital.

For his part, Mohamed Hany El Assal, CEO and Managing Director of MIP says, “Our partnership with ASASS Construction comes in line with Misr Italia’s strategy to join forces with big credible entities that can turn the designs of its various projects into a tangible reality, hence meeting customers’ needs and aspirations.”

Islam Onsy, General Manager of ASASS Construction, states that the partnership with MIP is considered a newly added achievement for ASASS’ accomplishments in the construction field. Misr Italia is also able to make a valuable addition and a significant diversity in the Egyptian real estate market.

Besides, MIP has made significant efforts to successfully complete 100% of phase I villas in IL Bosco project in the NAC before the agreed-upon date. The company has also completed 80% of phase II villas, in addition to completing 77% of the concrete works in phase I, and more than 50% of the concrete works in phases II & III of the buildings in the same project, that is designed by Callison RKTL and DMA to ensure maximum comfort in a healthy environment with special attention to outdoor areas and greenery.

Located in the heart of New Cairo, IL Bosco City also witnesses significant progress with the commencement of the soil treatment and foundation works for phase I of the project in which MIP plans to invest EGP 800 mn this year, reinforcing the promise of on-time delivery in 2024.

Through this project, MIP collaborates with Callison RTKL and DMA to implement the project designs, and renowned Italian architect, Stefano Boeri, for landscape design and utilization of green and open spaces, in addition to the 15-minute city concept, which brings all life necessities within maximum proximity of 15 minutes to the city’s residents.