During a press conference, New City Developments (NCD) announces its partnership with El Hazek Construction to provide high-quality construction work for the Eco West project, Invest-Gate reports.
The NCD’s CEO Ramy Yousef and the Managing Director of El Hazek Construction Mahmoud El Hazek have signed the partnership.
The Eco West project is located in 6th October City, within proximity of a large number of different services in the area. The project is five minutes away from the MSA University and Cairo’s largest malls, 15 minutes from 6th October City Airport, and 15 minutes from the biggest archaeological and tourist area in Great Cairo (Giza Pyramids – Grand Egyptian Museum – New Tourist Walk).
Speaking of the reasoning behind the signing, Yousef says, “This cooperation allows us to deliver a unique service characterized by outstanding experience and value to our clients. With the mixed-use project Eco West, we believe that the project would be a proper alternative for the middle-class housing gap challenge in 2024.”
For his part, El Hazek comments, “NCD has a clear vision that will help address the rising supply and demand challenges in the real estate market. A vision that offers alternative real estate products with high-quality standards with affordability that meets targeted clients with Eco West.”
In this regard, the Eco West project comprises modern design units with Euro-Japanese Architecture that are smart with space, which is designed by the Lebanese architecture firm, Rachid Karam Architects to make the best use of its 80 sqm units areas.
Moreover, the first phase features 14 diverse buildings, with 1290 units and a starting price of EGP 850,000, in addition to flexible payment plans that fit their clients’ needs. Eco West expects delivery in 2024, while the first phase will be ready in 20 months.
Additionally, the Eco West project comprises four phases with a total of 3804 units for only 20% of its build-up area, where 80% of the project is devoted to green spaces and numerous facilities and services. The project provides international schools, playgrounds, a shopping mall for daily needs, places of worship (mosque/church), and children’s areas around the buildings.
In regards to the importance of Eco West, Youssef states, “As the middle class represents 35% of the population, the NCD’s extensive research asses a high need for projects is present. Besides, the sector is far from reaching its peak.”
It’s noteworthy that NCD was founded in 2007 to provide affordable and high-quality projects in the Egyptian real estate market.
