CONSTEC signs $11.2 mn-contract to execute units in Porto Sokhna

Egyptian joint stock contracting company, Construction and Design Co. (CONSTEC), has signed a 100 million Egyptian pounds ($11.2 million) –contract to build touristic units in Porto Sokhna in favour of Porto Group, its managing director Talaat Fawzy said Thursday.

Fawzy added that the units would be delivered fully finished within a time frame of 18 months.

He added that 100 luxurious units with different spaces in favour of Egyptian real estate developer six of October Development & Investment (SODIC), to be delivered within two years.

CONSTEC  is  currently negotiating with  four leading real estate company to implement luxurious and middle housing projects , studying the project’s time frame and financial costs besides studying a partnership with construction companies to execute infrastructure companies.