Egypt to execute New El Alamein’s tallest residential towers

Egypt’s Housing Ministry seeks to carry out two giant residential towers within the first phase of New El Alamein City, northwest of Cairo, at a cost estimated at 12 billion Egyptian pounds ($679 million).

The ministry has earlier mandated two private major construction companies to execute the residential towers, a source with knowledge in one of these firms told Amwal Al Ghad on Sunday.

“They (major construction firms) are implementing The Gate Towers in North Coast resort,” the source further said, adding that the firms have completed the drilling works.