π Tender Overview
Scope of Work:
Construction of Hotels and houses on the Northwestern coast of the Arab country.
Description:
The project would be spread over an area of around 861,000 square metres and involves an investment of nearly 6.5 billion Egyptian pounds ($414 million). Residential, commercial, and services areas would account for 60 percent of the project's land area. The project would generate revenues of at least 13 billion pounds ($828 million) and that the firm's share is about 65 percent. The project would be completed over four years and that the company would soon appoint a consultant to undertake project designs. The company will act as a real estate developer in the partnership agreement, which involves the construction of hotels as well as housing and services units.