By Sam Bridge
Arabtec Construction unit to build 42 townhouses, 18 residential buildings and seven bungalows on north coast of Egypt
Dubai-based contracting giant Arabtec Holding on Tuesday announced that its wholly-owned subsidiary Arabtec Construction has been awarded an AED366 million ($100 million) contract in Egypt.
The contract for Greek Village by Emaar Misr is for the construction of 42 townhouses, 18 residential buildings and seven bungalows, together with supporting infrastructure and landscaping, the company said in a statement.
It added that the contract works will commence immediately for a duration of 36 months.
Located on the north coast of Egypt, the Greek Village is the first of six phases to be developed by Emaar Misr and aims to provide a Greek living experience in the heart of Egypt.
Positioned on a hilltop with uninterrupted panoramic views, the units are characterised by ornamental white and blue domes that complement their design.
Arabtec Holding Group CEO, Peter Pollard, said: “We are excited to be working on the Greek Village and building on our relationship with Emaar Misr, which is consistent with our strategy to selectively build a solid pipeline regionally with longstanding, quality clients.”