An alliance of Egypt’s construction firm Hassan Allam and Athens’ Consolidated Contractors International Co. (CCC) won a mandate to execute various works in New Alamein, northwest of Cairo.
The cost of the works will be 20 billion Egyptian pounds ($1.2 billion), CCC’s executive vice president for North Africa, Mohamed Tarek said on Monday.
“The company (CCC) had earlier implemented a number of major projects in the local market in the field of electricity generation besides mega hotel buildings,” Tarek said.
Last November, the alliance was tasked with carrying out four giant towers in New Alamein at a cost worth 16 billion pounds, the senior official added.
“Egypt captures the lions’ share of CCC business volume in over 40 countries worldwide given the growing numbers of infrastructure projects and the establishment of new cities in the North African country,” Tarek said.
In March 2018, Egypt’s President Abdel Fattah al-Sisi inaugurated New Alamein City on a space of 48,000 feddans, at a cost estimated at 2 billion Egyptian pounds ($123.7 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 accommodate universities and schools as well as various services and tourist activities. It is expected to house 400,000 populations.
