Emaar Misr awards million dollar Marassi contract

OCI will carry our interior and exterior works homes in northern Egypt

Emaar Misr general manager Hazem Ashry
Emaar Misr general manager Hazem Ashry

RELATED ARTICLE: Hazem Ashry, general manager for Emaar Misr (Egypt), explains what construction firms can from the Egyptian market this year.

Orascom Construction Industries (OCI) has won a US $54.5 million (EGP300 million) contract to work on homes within Emaar Misr’s Marassi development in northern Eygpt.

OCI will execute the finishing works including interiors and exteriors of Catania homes with the 6.24 million m2 tourist resort.

“All the units are designed by renowned architects and designers, who have paid attention to the smallest detail in the designs. We chose OCI to ensure that the meticulous planning will be executed as envisaged,” Emaar Misr general manager Hazem Ashry told Trade Arabia.

Once complete the resort will feature up to 3000 hotel rooms, a marina, golf course and health care facilities.

Speaking to ConstructionWeekOnline.com Ashry added: “In Marassi, Emaar Misr has already marked a milestone with the completion of the beach clubhouse in the summer of 2009.”

“The first homes in the development will be handed over this year.”

Meanwhile, Emaar Misr’s over developments Uptown Cairo and Mivida are progressing on schedule.


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