Several Contractors and Developers Involved in New Administrative Capital City

Several Contractors and Developers Involved in New Administrative Capital City
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The New Urban Communities Authority announced that approximately 20 requests have been offered by various contractors and developers to work on the capital, according to a statement by Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities.

Several facilities, including water and sewage stations, electricity and roads are being built in in the government, residential and business districts within the capital, including the development of the Mohamed bin Zayed corridor.

The Housing Ministry also ordered that the main facilities within the new capital be executed on the lands set to be offered to contractors and developers in the first district of the residential area.

Companies were urged to promptly begin construction and have been promised the support of the Housing Ministry if any financial challenges arise, according to the statement

The Arab Contractors Company moreover announced that it is executing 44 buildings in the first phase of the residential district, set to be finalized in October 2017, with 33 other buildings in the second phase of the district. The Arab Contractors further reported that 11% of the finishing works within the first phase of the residential area has been completed.

Concord Engineering Group, another developer operating in the new administrative capital, is executing 61 buildings in addition to facilities in several districts. Petrojet Company is also set to construct 36 buildings, starting with four buildings within the next week. The Holding Company for Construction and Development is also engaged in building facilities and residential buildings.

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