Egypt’s Arab Contractors to utilise 550 feddans of the new capital city
Egypt’s state owned construction firm, Arab Contractors will utilise 550 feddans of the country’s proposed administrative capital city and carry out 1.3 million m2 of the roads work, its Chairman Mohsen Salah said Monday.
AC is set to build 1,500 housing units within the residential area of the yet unnamed new administrative capital city dedicated for above middle income earners and luxuries housing, along with the road works of the first district.
Salah said that his company had completed the digging and earth works of the residential district so as to start working in its share of the units, adding that the units would be completed within one and half year.
Moreover, a total number of three construction companies namely Holding Company for Construction and Development, Orascom Construction, and Hassan Allam Construction are assigned to carry out 10,000 units.
