Arabtec Awarded AED 366 Million Project in Marassi Egypt by Emaar Misr

Nov 19,2019

Dubai, UAE – 19 November 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 366 million (EGP 1,608 million) contract in Greek Village by Emaar Misr for the construction of 42 townhouses,18 residential buildings and seven bungalows, together with supporting infrastructure and landscaping. The contract works will commence immediately for a duration of 36 months.

Located on the north coast of Egypt, the Greek Village is the first of Marassi‘s six phases to be developed by Emaar Misr. It represents the essence of Santorini through its architecture providing a Greek living experience in the heart of Egypt. Positioned on a hilltop with uninterrupted panoramic views, the units are characterised by ornamental white and blue domes that complement their design.

Arabtec Holding Group CEO, Peter Pollard, comments: “We are excited to be working on the Greek Village and building on our relationship with Emaar Misr, which is consistent with our strategy to selectively build a solid pipeline regionally with longstanding, quality clients.”