Arabtec wins $99m construction project from Emaar Misr in Egypt

WCN Editorial Team 21 Nov 2019 MIDDLE EAST BUILDINGS

Arabtec’s subsidiary Arabtec Construction has been selected by Emaar Misr for an AED366m ($99m) contract in Greek Village, Egypt.

Located on the north coast of Egypt, the Greek Village is claimed to be the first of Marassi‘s six phases to be developed by Emaar Misr. It also represents the essence of Santorini through its architecture, offering Greek living experience in Egypt.

Under the terms of the contract awarded by Emaar Misr, Arabtec will build 42 townhouses, 18 residential buildings and seven bungalows, together with supporting infrastructure and landscaping.

The contract, which will commence immediately, is for a duration of 36 months.

Amenities to be offered at the place include a community centre, beach clubhouse, golf academy, and golf course.

The units will be located on a hilltop, offering uninterrupted panoramic view of sea, lagoons, golf views and rooftops of Marassi, and will be characterised by the ornamental white and blue domes that complement their design.

Arabtec Holding Group CEO Peter Pollard said: “We are excited to be working on the Greek Village and building on our relationship with Emaar Misr, which is consistent with our strategy to selectively build a solid pipeline regionally with longstanding, quality clients.”

In August 2019, Arabtec Construction secured an AED298m ($81m) contract from Emaar Misr for the construction of Celesta Hills Phases 2 and 3 comprising 179 units and external works in Cairo. The contract began in August and will last for 38 months.

Celesta Hills in Uptown Cairo development will have a total built-up area of 86,664m² consisting of two phases and is located close to the Golf Clubhouse.

Claimed to be an integrated development, Uptown Cairo is located in the heart of the Egyptian capital, with easy access to east and west Cairo through a well-developed road network.

In the same month, Arabtec Construction was also selected to build The Fourteen Golf Residences Phase 1 comprising 270 residential apartments in Uptown Cairo development by Emaar Misr. The project is expected to be completed in 27 months.

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Image: Arabtec wins construction contract from Emaar Misr in Egypt. Photo: Courtesy of Emaar.

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