Egypt’s Redcon to deliver $90mn-administrative building late August

Egypt-based Redcon Construction Company is set to complete works in its new administrative building dubbed as “Green Edge” in the Fifth Settlement by the end of August, its chairman Tarek El-Gammal said Wednesday.

The new administrative building is with total cost of 800 million Egyptian pounds ($ 90 million), situated over 35,000 meter square in a distinctive district in New Cairo.

El-Gammal told Amwal Al Ghad that his company would likely offer units in the new administrative building for the national and international companies in Egypt.

Moreover, Redcon has started in April 2016 developing three new administrative buildings in New Cairo and Mokkatam with total investments worth 640 million Egyptian pounds ($72 million) namely New Cairo Business Hub (84), New Cairo Financial Centre (140), and Blue Capital (208). It is set to finish the projects with three and half years.

Since its establishment as a company, Redcon has implemented over 150 projects for major companies, including Emaar, Al-Futtaim, Palm Hills, Al-Kharafi, Zayed Bin Sultan Al-Nahyan Charitable and Humanitarian Foundation, and Almarai for Dairy.