The Saudi-Egyptian Construction Company (SECON) intends pumping EGP 4bn in a project in the New Administrative Capital on 70 acres, according to CEO Darwish Hassanin. The five contracts have been signed to construct 21 residential buildings with a total of 255 apartments and duplex units, according to Hassanin. Meanwhile, El Akkad for Engineering Works will build eight of the project’s buildings, a total of 40 duplex units, at a cost of EGP 91m. Al Shams for Contracting will construct five buildings, with a total of 25 duplex units, at a cost of EGP 55.1m. It also includes five different apartment and duplex models with spaces ranging between 140 square metres and 190 square metres, including apartments and duplex units.

Source: Daily News Egypt May 22, 2017 14:37 UTC