The Arab Contractors Company is undertaking infrastructure and housing projects at a cost of EGP 2.8 million in the New Administrative Capital, according to Arab Contractors Chairman Mohsen Salah.
Orascom Construction has finalized construction on Al Masah Hotel in the New Administrative Capital, in collaboration with the Armed Forces Engineering Authority.
The Egyptian Ministry of Housing, Utilities, and Urban Communities will partner with France’s Sustainable Cities Task-Force to build a joint technical office designated for sustainable cities.
Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with British trade envoy Jeffrey Donaldson to discuss the possibility of partnership in a number of fields.
Subsidiaries of the Holding Company for Construction and Developments (HCCD) have signed contracts worth EGP 3 billion for projects to be completed in a year and a half, according to Mohamed Hegazy, CEO of HCCD.
The company handling the New Administrative Capital project is set to decide on offering the first phase of investment land plots, with total areas ranging between 3,000 to 3,500 acres.
Egypt’s state-owned Holding Company for Construction and Development (HCCD) is expecting to gain major profits worth of EGP 1 billion from several large national projects.
Representatives from the Chinese construction company, CSCEC, will arrive this week to oversee the implementation of the New Administrative Capital government buildings.
The Ministry of Housing, Utilities, and Urban Communities will offer at least 3,000 acres of land in the New Administrative Capital to investors next October.