US-based Hill International has been awarded a contract by the local Abraj Misr Company to provide project management services on a mixed-use development in Cairo, called The Gate.
Hills contract, which is valued at $2.4m, will run for four years and involves managing a residential complex that will include eight interlocked towers. These will comprise a five-star hotel, six residential buildings and one luxury residential tower.
The award is Hills latest in Cairo. In July 2014, it was appointed to project manage the construction of the $500m Terminal 2 at Cairo International airport. That 15-month contract is valued at $1.9m.
There are more than $140bn-worth of real estate schemes planned in Egypt as the government seeks to drive investment in the country and build much-needed social housing.
Planned real estate projects in Egypt
- October Oasis ($19bn)
- The Gate ($655m)
- Sinai investment ($203m)
- Arabtecs one million-home project ($40bn)
- Marina Tourist Centre (tbc)
- Capital City ($80bn)
- Zayed Crystal Tower (tbc)