📋 Tender Overview
Scope of Work:
Construction of The City Project at the New Administrative Capital (NAC).
Description:
The work in the project has been progressing swiftly during the past three months in order to reach record building rates, in accordance with the company’s plan to complete the entire project in record time as well as prove the company’s seriousness and commitment with its clients and its keenness to complete the project in a short time according to the time rates set for it. The City Project spans over 54 feddans in the NAC’s R7 with total investments worth EGP 4.5bn. The company is currently preparing to launch a new phase of the project within days that comprises a number of more diverse units in terms of spaces for a new real estate product in a way that directly benefits investors and end users, after the company reached the targeted construction in accordance with the plan set by Master Group and new customers’ desire to buy. 700 residential units to be delivered by 2024. They would start construction of the services area by the end of 2024, and the whole project would be completed by the end of 2026.
Previous Events:
February 2022- Initial delivery will start with 60 residential units in November 2022. The company is aiming to complete 65 percent of the project by the end of first quarter, the whole project would be completed by end-2023.
January 2022-Master Group is approaching completing its construction target in The City Project at the New Administrative Capital (NAC), estimated at 65% of the total project, and is planning to launch a new phase with different privileges.
