Arabtec signs Dh500m 
deal to build Nile Towers

Arabtec Holding, one of the leading construction companies in the Middle East and North Africa, on Sunday announced the signing of a Dh500 million contract to build the Nile Towers in Cairo.



By (Staff Report)

Published: Mon 25 Mar 2013, 11:14 PM

Last updated: Sat 4 Apr 2015, 9:44 AM

The 23-storey twin-tower project comprising a Hilton Hotel and luxury apartments will be located in Maadi area of Egypt’s capital. Arabtec was awarded the project in July, 2012 with a local joint venture partner.

Hasan Ismaik, managing director and chief executive officer of Arabtec, said: “We are very pleased to be working on the prestigious Nile Towers development. The construction industry is entering a new phase of growth across the Mena region that is forecast to last for the next seven to 10 years. Arabtec has a dynamic growth strategy to expand its business into new sectors and new markets.”

The Nile Towers Project will overlook the waters of the Nile, covering an area of 110,208 square metres in the Maadi suburb of South Cairo.

The project consists of two towers, three basements, plus upper and lower ground floors. One tower will be the Hilton Hotel with 256 guest rooms and suites, and a range of hotel facilities. The adjacent tower will have 114 luxury residential apartments.

The architect of Nile Towers is Space Consultants. The project will be managed by Hill International, and the supervision consultant is EHAF Consulting Engineers. The Nile Towers is Arabtec’s third significant project since the company entered the Egyptian market.

abdulbasit@khaleejtimes.com


More news from Local Business