American consultancy Hill wins work on Egypt's Taj City, Sarai
Hill International wins project management contracts for MNHD-built mixed-use projects around capital city Cairo
Hill International has won a contract to provide project management services for Taj City and Sarai, two mixed-use megaprojects under development by Madinet Nasr for Housing and Development (MHND) in Egypt.
The New York Stock Exchange-listed consultancy, which has offices across the GCC, made the announcement on 5 March, 2019. The value of the contract was not disclosed.
Speaking on the win, Waleed Abdel Fattah, senior vice president at the company, and its managing director for Africa, said: “This contract [...will] help shape Cairo’s real estate future and grow the city’s residential and recreational footprint.
“We look forward to supporting MNHD [to] grow and expand the local economy, create new jobs, and develop communities.”
The Egypt bourse-listed MNHD unveiled Sarai on 5 November, 2016. In a statement at the time, the developer said all of Phase 1’s 463 units were reserved with a value of $52.3m. Made up of residential, commercial, retail, and leisure components, the development is located directly on the Cairo-Suez road.
Located in Egypt’s planned New Cairo megaproject, Sarai was designed by Benoy, the British designers known for designing Yas Island and the Formula One race track in Abu Dhabi.
Meanwhile, January 2018 saw the Egyptian Prime Minister approve the Taj City masterplan, as announced by MNHD at the time. The approval allowed the developer to market and launch non-residential communities within the scheme, such as the commercial zone and the hotel zone.
Construction on the 350ha master development, which is located near suburban district Maadi to the South of Cairo, is ongoing.