Egypt’s leading Contracting Company Al-Abd says it is planning to deliver 960 housing units in Al Asmarat City project in Mokattam district for slum dwellers next December.
The total cost of the units reaches 400 million Egyptian pounds ($22.1 million).
Said Fattouh, Al-Abd’s Managing Director, said his company is also tasked with implementing a number of 14 housing towers in Al Asmarat project.
These towers include 960 total housing units with spaces ranging between 70 square metres and 90 square metres, Fattouh noted.
Al Asmarat project is being built on a space of 80 feddans, Fattouh stated, adding that it includes a number of 124 residential towers.
The Egyptian official further clarified that a number of five construction firms are teaming up with Al-Abd in order to execute the project.
“We target delivering our share of works at the end of next December,” Fattouh showed.