Monday 23 Dec
Madinet Masr Real Estate Development Company and El Hazek Contracting Company have entered into an agreement to collaborate on the Elect project within the prestigious Taj City development. This partnership will see El Hazek undertake the construction of infrastructure and 134 luxury villas, encompassing a built-up area of 60,000 square meters on a 129,000-square-meter land parcel. With an investment exceeding 900 million Egyptian pounds, the project is slated for completion within 16 months.
The agreement was formally signed by Engineer Abdullah Salam, Managing Director and CEO of City of Egypt, and Engineer Mahmoud Yehya El Hazek, CEO of El Hazek Contracting Company.
"We firmly believe that
strategic partnerships with reliable entities like El Hazek are crucial for
accelerating construction and delivering the highest quality services to our
valued customers," stated Engineer Abdullah Salam. "City of Egypt is
committed to developing its land portfolio while prioritizing the creation of
integrated and sustainable urban communities that align with the nation's
vision for comprehensive urban development.
The Taj City development, spanning an impressive 3.5 million square meters, is projected to generate 30 billion Egyptian pounds in sales. This ambitious project exemplifies City of Egypt's dedication to creating thriving communities that enhance the quality of life for its residents.
