Major construction firm to carry out 450 units in Emaar’s Mivida New Cairo

A major construction firm was mandated to execute 450 housing units in Mivida New Cairo project for Emaar Misr, the Egyptian unit of UAE property developer Emaar properties, within two years and a half, a source in the firm said Tuesday.

These units, which varies between residential villas and a bunch of townhouses, will be carried out at a total cost estimated at 500 million Egyptian pounds ($28.3 million), the source with knowledge further told Amwal Al Ghad.

“The company (construction) is set to start the concrete works within the next period,” he stated, adding that the housing units are to be completely delivered within a timeframe of two years.