The UAE’s Arabtec Construction has been awarded a AED157m ($42m) construction deal at Uptown Cairo by Emaar Misr.
The contract covers Phase III and IV of Village E Levana. The total built-up area of both phases is approximately sixty-one thousand square metres. Phase III & IV entail the construction of 128 villas along with the surrounding roadworks and infrastructure.
Uptown Cairo is an integrated development located in the heart of Egypt’s capital.
“The Uptown Cairo Project award marks one of the first projects we have been awarded outside the UAE in over a year. We look forward to working on another project for Emaar as we build on our solid relationships with our key clients,” says Hamish Tyrwhitt, group CEO, Arabtec Holding.
“We will continue to strategically onboard work in our key competencies and key geographic markets where our clients operate that makes business sense for Arabtec’s success and sustainability.”
Arabtec Construction’s parent company Arabtec Holding was planning in 2014 to build one million housing units in Egypt with an estimated value of $40bn. The negotiations with the government fell through and the project shelved in 2015.
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