Egyptian Concrete Plus for Engineering and Construction says it has won a mandate to develop 166 feddans in one of the biggest housing complexes in New Alamein City, northwest of Cairo.
“The concrete works will be executed at a cost worth 6 billion Egyptian pounds ($367.7 million),” Concrete’s general manager Hossam Fekry said on Saturday.
The Egyptian government’s Urban Communities Authority (NUCA) is carrying out the giant housing complex in partnership with one of the major construction companies, Fekry said.
“The project is set to include various housing villas as well as commercial and administrative services,” he added.
In March 2018, Egypt’s President Abdel Fattah al-Sisi inaugurated New Alamein City on a space of 48,000 feddans, at a cost worth 2 billion Egyptian pounds ($111,7 million).
New Alamein is one of the fourth generation cities being built in Egypt in some of the most up-to-date architectural styles, and is scheduled to be finalised in one-year timeframe.
The city is planned to have universities and schools as well as various services and tourist activities. It is expected to accommodate 400,000 populations.
