An international design competition has been launched for Emaar’s latest development to be announced in Egypt.
Emaar plans to develop a major waterfront site in partnership with the Alexandria Library.
Subsidiary Emaar Misr for Development will develop the site to the west of the library on ‘Kouta Island’.
The pair have signed a memorandum of understanding which will represent the fifth major foray into Egypt for the developer.
It is also developing the four million m2 Cairo Heights scheme as well as a major integrated community development based in Egypt’s Smart Village.
“This project is Egypt’s window on the world. The launch of the Bibliotheca Alexandrina in 2002 offered a new centre of knowledge unrealised since the times of the ancient Royal Library of Alexandria, founded at the beginning of the third century BC,” said Emaar chairman, Mohamed Ali Alabbar.
The project is envisaged to be part of a broader development that will contain four- and five-star hotels, conference and exhibition facilities, retail facilities, office space, residential buildings, an aquarium, museums, cultural buildings and underground parking.
Plans for the project are already underway with the invitation to a short list of world-class architects for the submission of the most creative design solution for the area surrounding the library.
“This project will ensure Alexandria’s stature at the forefront of intellectual and cultural cities in the world and it deserves the very best architectural design to bring it to life,” added Alabbar.
Architects from around the world will be submitting their designs of the first phase of the redevelopment project next month and the winning projects will move forward to phase two.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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