Hassan Allam develops phase I of Alexandria’s hotel project

Nasr Genral Contracting Co. (Hassan M. Allam), subsidiary of the Holding Company for Construction, has captured a mandate to establish the first phase of a hotel flagship in Alexandria with total cost of 400 million Egyptian pounds.

The project include developing a hotel in Moharam Bek with total cost of 400 million Egyptian pounds, Managing Director for Financial affairs & Human Resources, Atef Barbary said.

He added that the company is set to start the construction of the project in June 2019, expecting that the total cost of the concrete structure may reach 1.3 billion Egyptian pounds.

In addition, the project encompasses a hotel tower along with commercial and administrative units spanning over 14.300 metre square.

Moreover, Arab Bureau for design and technical consultations has completed  the designs of the project, he said.

The project will be developed over three years with investments worth 3.5 billion Egyptian pounds, Barbary added.