Egypt’s Arab Bureau for Design and Technical Consultation has won a mandate to prepare the engineering designs of developing two land plots in favour of state-run Heliopolis Company for Housing and Development.
The land plots are located in Sheraton area, a source with knowledge in the county’s Holding Company for Construction and Development (HCCD) said Tuesday, referring that Heliopolis Housing seeks to execute a new residential project there within 2018.
Arab Bureau is joining forces with Amar Misr Consultants (AMC) and a public sector firm to prepare the engineering designs, the source further told Amwal Al Ghad.
“The land plots will be developed, through implementing standalone residential buildings,” he added, adding that the all designs are to be completed mid-2018.
The new project’s construction works will be carried out before the end of 2018, the source said, adding: “Heliopolis Housing targets doubling its business volume with the new year, by launching a number of mega residential projects.”