Damac issues New Cairo project tender
Developer Damac has issued a tender for a main contractor on its Hyde Park – New Cairo project.
The tender is for the construction of 88 buildings with 320 villas, with nine Egyptian contractors having currently put in bids.
“We promised our clients luxury in all our projects, and the issuing of this tender is a major step in our development. The successful tender bid will be announced by mid-December 2009 and the successful contractor will commence immediately after,” said Damac Properties Egypt CEO Alaa Ayoub.
Hyde Park was launched in December 2007 covering 4.7m m2. The grading works have been tendered and work has commenced on site. Damac Properties had also signed a contract with consultants ECG to handle supervision and design. Damac claims it will deliver the first units of Hyde Park by the end of 2011.
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