Arabtec Awarded AED 298Million Contract in Uptown Cairo Development by Emaar Misr

Aug 27,2019

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 298 million (EGP 1.346 billion) contract by Emaar Misr for the construction of Celesta Hills; Phases 2 and 3 comprising 179 units and external works. The contract works will commence in August 2019 for a duration of 38 months.

Uptown Cairo is an integrated development located in the heart of the Egyptian capital with easy access to east and west Cairo through a well-developed road network. Celesta Hills has a total built up area of 86,664 square metres consisting of two phases and located close to the Golf Clubhouse.

Arabtec Holding’s Group Chief Executive Officer, Peter Pollard comments: ‘The recent contract awards from Emaar Misr are consistent with our strategy to selectively build our presence regionally with long-standing, quality clients.’