Misr Italia Properties and Construction and Design (CONSTEC) signed a contract to construct two multi-level administrative buildings at Cairo Business Park in New Cairo. Hany Al-Assal, board member of Misr Italia Holding Company, said that the contract is the first joint venture between the two companies. He said that the Cairo Business Park is the largest administrative complex at 75,615sqm, and consists of 42 administrative buildings with green space making up 70% of the total area. Al-Assal explained that Misr Italia has contracted the Engineering Consulting Bureau (ECB) as a consultant to manage the project, as well as take advantage of their office expertise. Abdel-Hakam announced that CONSTEC is currently negotiating details of some new projects with a volume of about EGP 150m.

Source: Daily News Egypt June 12, 2017 07:30 UTC