SMCS completes designs of Egypt residential project
CAIRO, October 15, 2016
Egypt’s Samcrete Engineers & Contractors (SMCS) has announced that it has completed the design work for the Pyramids Heights Residences project over a 600,000-sq-m area in west Cairo.
The Pyramids Heights project includes 600 housing units at 140 m above sea level, with investments worth 1.2 billion Egyptian pounds ($135.2 million) and expected revenues of 2 billion Egyptian pounds, reported Amwal Alghad.
It is an integrated project which consists of two parts - a business complex and residential. Spanning over 211,000 sq m, the project involves 10 buildings and 12 local as well as international firms operating. The business complex was already completed in 2000, stated Hisham El-Kheshen, CEO of SMCS.
The company is in talks with a number of distinct partners and international consultants in real estate and urban development to implement this project, he added.