{"id":12343,"date":"2019-09-02T14:21:01","date_gmt":"2019-09-02T14:21:01","guid":{"rendered":"https:\/\/onplan.ae\/arabtec-unit-wins-aed-408m-contracts-in-egypt\/"},"modified":"2019-09-02T14:21:01","modified_gmt":"2019-09-02T14:21:01","slug":"arabtec-unit-wins-aed-408m-contracts-in-egypt","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/arabtec-unit-wins-aed-408m-contracts-in-egypt\/","title":{"rendered":"Arabtec unit wins AED 408m contracts in Egypt"},"content":{"rendered":"
\n

Dubai – Mubasher:<\/strong> Arabtec Holding<\/a>, a Dubai-based contractor for social and economic infrastructure, on Tuesday announced that its wholly-owned subsidiary Arabtec Construction has been awarded AED 408 million contracts by Emaar Misr for Development<\/a>, an Egyptian unit of Dubai-based Emaar Properties<\/a>.<\/p>\n

The first contract, worth AED 110 million (EGP 498 million), will see the construction of phase 1 of the Fourteen Golf Residences comprising 270 residential apartments in its Uptown Cairo development in Egypt, according to a press release.<\/p>\n

Works at the Fourteen Golf Residences will commence immediately for a 27-months period, Arabtec said.<\/p>\n

The seven-building development has a total built-up area (BUA) of 53,690 square metres and features luxurious residential apartments with spacious terraces that overlook the city lights.<\/p>\n

\"\"<\/p>\n

Boyd Merrett, CEO of Arabtec Construction, commented: \u201cWe 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\u201d<\/p>\n

As for the second contract worth AED 298 million (EGP 1.346 billion), Arabtec has been awarded the construction of Phases 2 and 3 of Celesta Hills comprising 179 units and external works, the company revealed in another press release.<\/p>\n

Under this contract, works will start in August 2019 for 38 months, the leading contractor remarked.<\/p>\n

Located in close proximity to the Golf Clubhouse, Celesta Hills has a total BUA of 86,664 square metres consisting of two phases.<\/p>\n

\"\"<\/p>\n

\u201cThe recent contract awards from Emaar Misr are consistent with our strategy to selectively build our presence regionally with long-standing, quality clients,\u201d Arabtec Holding\u2019s group CEO Peter Pollard said.<\/p>\n

Uptown Cairo, located in the heart of the capital of Egypt, is an integrated development that will provide its residents with easy access to east and west Cairo through a well-developed road network.<\/p>\n

Last Sunday, Emaar Misr announced it had signed<\/a> an EGP 1.844 billion contract Arabtec Construction for the construction of two urban projects at Uptown Cairo in Mokattam.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

\n

Dubai – Mubasher:<\/strong> Arabtec Holding<\/a>, a Dubai-based contractor for social and economic infrastructure, on Tuesday announced that its wholly-owned subsidiary Arabtec Construction has been awarded AED 408 million contracts by Emaar Misr for Development<\/a>, an Egyptian unit of Dubai-based Emaar Properties<\/a>.<\/p>\n

The first contract, worth AED 110 million (EGP 498 million), will see the construction of phase 1 of the Fourteen Golf Residences comprising 270 residential apartments in its Uptown Cairo development in Egypt, according to a press release.<\/p>\n

Works at the Fourteen Golf Residences will commence immediately for a 27-months period, Arabtec said.<\/p>\n

The seven-building development has a total built-up area (BUA) of 53,690 square metres and features luxurious residential apartments with spacious terraces that overlook the city lights.<\/p>\n

\"\"<\/p>\n

Boyd Merrett, CEO of Arabtec Construction, commented: \u201cWe 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\u201d<\/p>\n

As for the second contract worth AED 298 million (EGP 1.346 billion), Arabtec has been awarded the construction of Phases 2 and 3 of Celesta Hills comprising 179 units and external works, the company revealed in another press release.<\/p>\n

Under this contract, works will start in August 2019 for 38 months, the leading contractor remarked.<\/p>\n

Located in close proximity to the Golf Clubhouse, Celesta Hills has a total BUA of 86,664 square metres consisting of two phases.<\/p>\n

\"\"<\/p>\n

\u201cThe recent contract awards from Emaar Misr are consistent with our strategy to selectively build our presence regionally with long-standing, quality clients,\u201d Arabtec Holding\u2019s group CEO Peter Pollard said.<\/p>\n

Uptown Cairo, located in the heart of the capital of Egypt, is an integrated development that will provide its residents with easy access to east and west Cairo through a well-developed road network.<\/p>\n

Last Sunday, Emaar Misr announced it had signed<\/a> an EGP 1.844 billion contract Arabtec Construction for the construction of two urban projects at Uptown Cairo in Mokattam.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":12344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=12343"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/12343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/12344"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=12343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=12343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=12343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}