Imkan marks company milestone with $90m Egypt contract to Gama
EXCLUSIVE: CEO Walid El-Hindi tells CW that award for 12-hectare Smart Village homes is Imkan's largest in Egypt
Abu Dhabi developer Imkan has awarded its largest contract in Egypt – valued at $90m – to Gama Construction for the $116.2m Smart Village project within its 500ha Alburouj residential development in East Cairo, chief executive officer, Walid El-Hindi, told Construction Week at Cityscape Abu Dhabi 2019.
“The Smart Village development comprises of nine buildings,” the CEO said.
“Keeping in mind Imkan’s standards and Alburouj’s ideal integrated community, the contract was awarded to Gama since it stands amongst the best in Egypt.”
Smart Village, which has a gross floor area of 12ha, is located within the Alburouj masterplanned suburb that comprises 25,000 residential units, schools, medical facilities, and entertainment options.
In addition to Smart Village, Alburouj will also house a medical district, a mall, and a sports club.
El-Hindi's comments came during the 13th iteration of Cityscape Abu Dhabi, and at the show, Imkan revealed that 2019 would be its ‘Year of Delivery’. The developer plans to hand over five of its 26 projects this coming year.
“Very shortly we will be awarding a very big package in Abu Dhabi on Reem Island at our ‘Makers District’ project," El-Hindi said, when asked on the group’s other construction milestones.
“That is yet to be announced, but we will be [saying more] on that shortly.”
Abu Dhabi Cityscape 2019 was inaugurated by HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. The event is being held under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.