Mixed use development scheduled to finish construction by September 2012
The joint venture between Dubai’s Arabtec Construction and the Egypt based SIAC Industrial Construction and Engineering has won a contract worth $153m to build two towers in an affluent Cairo suburb.
Known as the SECON Nile Towers, the project comprises of two towers with 22 floors and a total built up area of 105,000m2. The first tower will consist of a hotel with a total of 256 rooms. The hotel will be managed by Hilton International.
The second tower will be used for residential purposes with a 114 hotel apartments.
The contract was awarded by Saudi Egyptian Construction Company (SECON), a joint stock company that was established in 1975 by the governments of Saudi Arabia and Egypt.
In a report by Zawya Dow Jones, sources connected to the project confirmed that the three year project would start in September 2012, with a scheduled completion date in September 2015.
The consultant for the project is Space Consultants, while Hill International is the project manager.