Egypt’s Holding Company for Construction and Development (HCCD) plans to deliver 39 residential buildings within the first phase of the county’s new administrative capital within June 2018, a source said Tuesday.
Around five construction affiliates have won a mandate to execute the buildings, at total costs approaching 500 million Egyptian pounds ($28.3 million), an official source in one of those affiliates further told Amwal Al Ghad.
“The current period witnesses implementing the finishing works,” he added.
The source referred that HCCD has been tasked its affiliates with carrying out a number of new buildings at the ministerial district in the new capital as well as utilities works during 2017.
The value of these works is estimated at around 3.5 billion pounds, he said.