HCCD’s affiliates execute 31 housing buildings in Egypt new capital

Egypt’s Holding Company for Construction and Development (HCCD) says its affiliates have executed 31 housing buildings within the first phase of the residential district in the county’s new administrative capital.

These buildings will be delivered by the middle of upcoming year,” a source with knowledge told Amwal Al Ghad on Monday.

These affiliates have been also mandated to carry out a number of utilities works in the new capital, with costs worth more than 1.4 billion Egyptian pounds ($79.2 million), the source further said.

“The affiliated construction firms capture around 40 percent of utilities works in the new capital, at costs exceeding one billion pounds,” he stated.

The source added that these works include some electricity, irrigation, sewage, and drinking water networks as well as gas pipelines in addition to road projects.