Tamayoz Developments aquires Infra Group to carry out electromechanical works, worth EGP 150mn, in the Ivory Plaza project at NAC, Invest-Gate reports.

Additionally, Infra Group has started mechanical and electrical work for Tamayoz this November. Ivory Plaza Mall covers 6,200 sqm in a prime location in MU23, and in front of R3 district.

In this regard, the company has previously contracted with Takween for Construction to carry out contracting work for the project, within its plans to adhere to construction work schedules, finishes and interior designs at the best quality and the latest global technology.

Tamayouz Developments Chairman Abdallah Moustafa states that projects at NAC have the largest share of the company’s owned land portfolio, as well as, the bulk of the company’s investments are directed to NAC’s projects in line with the Egyptian state’s directions to develop services area in the NAC.

Ivory Plaza will be among the projects that serve a complete crowd of about 25,000 housing units with “an expected population density of no less than 250,000 people, minutes away from the Central Business District (CBD), the Chinese Towers and the NAC Airport,” he declares. Moustafa further points out that the contract with Infra would contribute to accelerating the pace of execution on time.

Ahmed El-Shazly, CEO of the company, comments, “Tamayoz is always keen to assign major companies specialized in all work required by the company’s projects, including the Ivory Plaza Mall, as it is the most important and largest project for us.”

Regarding this joint cooperation, El-Shazly elaborates that further work will be carried out in cooperation with Infra Group during the coming period and will be announced in due course.

For his part, Mohamed Sedik, CEO of Infra Group, says, “Cooperation with Tamayoz Developments is a new addition to the company’s business record, especially in NAC.”