Arabtec awarded AED 298mn contract in uptown Cairo development

DUBAI, UAE: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary Arabtec Construction has been awarded an AED 298 million contract by Emaar Misr for the construction of Celesta Hills; Phases 2 and 3 comprising 179 units and external works.

The contract works will commence in August 2019 for a duration of 38 months. Uptown Cairo is an integrated development located in the heart of the Egyptian capital with easy access to east and west Cairo through a well-developed road network. Celesta Hills has a total built up area of 86,664 square metres consisting of two phases and located close to the Golf Clubhouse.

Arabtec Holding’s Group Chief Executive Officer, Peter Pollard comments: “The recent contract awards from Emaar Misr are consistent with our strategy to selectively build our presence regionally with long-standing, quality clients.”

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