Egypt’s construction firm Arab Contractors says it has completed concrete works for 44 residential buildings in the county’s new administrative capital city.
The Egyptian company is planning to do the concrete works for nearly 78 residential buildings in the new capital city, at costs worth 1.1 billion Egyptian pounds ($62.1 million), within an 18-month timeframe, said its chairman Moshen Salah on Sunday.
Salah further added that his company studies establishing a new concrete plant within the first phase of the new capital city, with a capacity of 60 cubic metres per hour.
The new plant is to support Arab Contractor’s expansions in implementing more infrastructure works and administrative facilities in the new capital city, he noted.
The company has already two concrete plants in the new capital city, with a capacity of 120 cubic metres per hour, Salah added, saying AC relies on its own equipment to carry out the works there.
Minister of Housing Moustafa Madbouli said Thursday that the country would start offering booking for residential units in the new administrative capital city after the Muslim Eid al-Fitr feast.
Located east of Cairo, between the country’s congested capital and the planned Suez Canal hub north west of the Gulf of Suez, the new capital city will include 1.1 million residential units to house five million inhabitants. It will also include an administrative district on 2.3 million sqm of land, with a presidential palace, ministries, government bodies, and embassies, as well as a financial district, according to the plan.