Damac awards New Cairo villa contract
Cairo, March 21, 2010
Luxury lifestyle developers Damac Properties said it has awarded the construction contract for the attached villas in Hyde Park, New Cairo, to JET, Egyptian Engineering & Trade Company.
Hyde Park is a residential project consisting of exclusive villa development concepts, with unique designs and architecture which will come up at New Cairo.
The contractor will be responsible for constructing 88 buildings and 320 villas for the attached villas (town houses) in its New Cairo’s project “Hyde Park,” said a Damac official.
The company will start delivering the first units of Hyde Park by the end of 2011, stated Alaa Ayoub, chief executive officer Damac Properties Egypt.
Damac Properties had issued the tender last November and specified to potential contracting companies the importance of adherence to strict construction deadlines.
It was also important that the contracting companies operate according to the highest international building and construction standards.
Nine major Egyptian contracting companies joined in the bidding and Damac selected the best tender based on a number of criteria, including quality of construction and commitment to the projects’ standards and characteristics.
JET, Egyptian Eng. & Trade Company has a long and well established history in the Egyptian market. It started work in 1978 as an Egyptian joint venture and has an impressive list of projects to its name.
These include MSA University in 6 of October, Al Ahram News Paper tower, shooting Club located at the ring road, Arabella compound in new Cairo, Sama tower located at the ring road, Kattameya Residence in new Cairo and Darah Gardens compound in 6 of October city..-TradeArabia News Service
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