Home Construction Egypt has awarded $14.2bn in project contracts for New El Alamein City

Egypt has awarded $14.2bn in project contracts for New El Alamein City

Egypt has secured contracts worth more than $14.2 billion in Phase One of New El Alamein City, one of the new generation of millennium cities coming up on the North Coast of the country, government officials have revealed. The city will cover an area of 202 million sqm and will accommodate more than three million people. The first phase of the project is over an area of 24,000 acres, while the second and third phases will be over an area of 12,000 acres, a report from Mubasher said, citing the New Alamein Government Office chairman, Osama Abdul Ghany. Nearly $1.31 billion has been spent on the megacity since June 2018, excluding the costs of sewage, water, and wastewater treatment plants, Ghany said. He added that some of the projects in Phase One are likely to be opened in June 2019, although the majority of them will likely be inaugurated in mid-2020, he said in a statement to the Egyptian Businessmen’s Association.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Hill International secured $318 million Egyptian hospital revamp project

Hill International has secured a contract to provide construction management services for the $318m Kasr Al-Ainy Hospitals refurbishment project for Cairo University...

Actis eyeing $4.5bn fund for Mena renewable energy projects

Actis, an emerging markets investment firm based in London, UK, is eyeing finance worth $4 billion for launching its new international fund...

Abu Dhabi waste energy projects

The Abu Dhabi National Energy Company (Taqa), Emirates Water and Electricity Company (Ewec), and the Abu Dhabi Waste Management Centre (Tadweer) have...

SWPC invites to submit EOI for the Ras Mohaisen IWP

Saudi Arabian Company SWPC has invited developers to submit expressions of interest (EOI) for the planned Ras Mohaisen independent water project (IWP).