4 contractors to develop 200 feddans in Egypt new capital’s Nile-style river project

Four Egyptian constructors won a mandate to develop 200 feddans in a Nile-style waterway flagship lined with greenery inside the country’s new capital, a source said on Wednesday.

The 200 feddans will be developed at an expected cost approaching 800 million Egyptian pounds ($49 million), a source with knowledge further told Amwal Al Ghad.

Dubbed as The Green River, the 35-km-long flagship is set to be one of the biggest commercial and entertainment parks in the Middle East and the world. It is conducted by the Egyptian Ministry of Housing in partnership with Dar Al-Handasah.

“Orascom Construction and Hassan Allam will develop 100 feddans in The Green River at an expected cost of 400 million pounds,” the source said.

The state-owned Petrojet and Concord for Engineering and Construction are responsible for developing the remaining 100 feddans in the project, he added.

In January, Egyptian Prime Minister Moustafa Madbouly gave the go-ahead to the construction of The Green River, which will link different quarters of the new capital around 45km (28 miles) east of Cairo.

The three-phase project is expected to host more than 2 million visitors annually. It will include the latest smart communication and mobility methods in the Middle East.

The Egyptian prime minister said in earlier statements that the project would serve as a catalyst for the healthy life of the population, in accordance with global rates, including environmental value, green spaces, and areas for physical activities and recreation.

The park is divided from east to west into three homogeneous planning sectors linked to the immediate surroundings, each reflecting a personality and a distinctive visual and urban characteristic.