Dubai, UAE – 27 August 2019: Arabtec Holding PJSC (Arabtec or Group), a leading contractor for social and economic infrastructure, today announced that its wholly-owned subsidiary Arabtec Construction has been awarded an AED 110 million (EGP 498 million) contract by Emaar Misr for the construction of The Fourteen Golf Residences Phase 1 comprising 270 residential apartments in its Uptown Cairo development in Egypt. The contract works will commence immediately for a duration of 27 months.
Uptown Cairo is an integrated development located in the heart of Egypt’s capital with easy access to east and west Cairo through a well-developed road network. The fourteen Golf Residences comprises seven buildings with a total built up area of 53,690 square metres. The residential apartments are finished to a luxurious standard and the development offers contemporary living with spacious terraces and uninterrupted views overlooking the city lights.
Arabtec Construction Chief Executive Officer, Boyd Merrett comments: ‘We are delighted to be awarded another package in the Uptown Cairo development by Emaar in Egypt, which is presenting a strong pipeline of opportunities underpinned by population growth and a stable economy. We look forward to building on our solid track record with Emaar and to delivering another successful village in the Uptown Cairo Master Development’