New Urban Communities Authority (NUCA), which is an Egyptian government authority affiliated with the Ministry of Housing has signed an agreement with China State Construction Engineering Corporation (CSCEC) for the construction of five residential skyscrapers in New Alamein City, which lies on the Mediterranean Sea in the northwest region of Egypt.
The agreements were signed on a virtual signing ceremony that was witnessed by the Egyptian Minister of Housing, Utilities and Urban Communities Essam el-Gazzar, the Egyptian Ambassador to China Mohamed El Badry, and the Chinese Ambassador to Egypt Liao Liqiang.
Overview of the project
According to Essam el-Gazzar, the project is located about 90 km from the northern coastal province of Alexandria and it consists of five residential towers with services, overlooking an artificial lake.
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One of the towers is 250-meter high with a surface area of 465,000 square meters and will be constructed within a period of 45 months, while the other four are 200-meter high with a surface area of 320,000 square meters each. The four are scheduled to be completed within a span of 39 months.
The Chinese Ambassador to Egypt congratulated the CSCEC and the Egyptian ministry for the new project of cooperation.
“The People’s Republic of China and the Arab Republic of Egypt have worked hand in hand to continuously achieve new development results,” the ambassador said, adding that China’s Belt and Road Initiative is deeply integrated with Egypt’s Vision 2030.
The general manager of the CSCEC, Zheng Xuexuan on the other hand affirmed that signing the contract is an important achievement for both sides to deepen cooperation and achieve a win-win situation, affirming that the CSCEC will implement this project with high standards, and contribute to the development of the North African country.