Reportage Egypt announced its contract with A&M Contracting company to build Montenapoleone project owned by the company, as of next April, with a total investment of EGP12bn.
Hanna Karam, regional head at Reportage Egypt, one of the UAE companies operating in the Egyptian market, said, “It is the second contract after contracting with TIJ, and both companies are subsidiaries of the parent Emirati Reportage Group. Additionally, the company has a plan to speed up the project development rates and begin construction work next April.”
Karam pointed out that A&M Contracting, one of the strong companies operating in the contracting sector in the United Arab Emirates (UAE), has constructed more than 15 projects in the UAE, and has succeeded, through its strong precedent, to be a major contributor to the construction sector in the Gulf Cooperation Council countries headed by Aref El Khoori.
He added that A&M Contracting is a leading company in the field of construction and general contracting, and has succeeded in developing projects in a variety of sectors and facilities of civil engineering. The company has a strong and diverse experience that qualifies it to build the Montenapoleone project with the highest quality and specifications.
He explained that the Montenapoleone is located in Mostakbal city in east Cairo, and it is an integrated urban project situated on 111 acres. The project is being developed in partnership with Al Ahly Sabbour Developments, and it is planned to be delivered by 2025.
The company has a strategy and timetable for development according to dates set with customers. Accordingly, the company plans to develop an integrated project commensurate with the company’s previous work in the UAE and the Egyptian partner Al Ahly Sabbour Developments as well as the Mostakbal City project as one of the distinctive projects located in the east Cairo area, he elaborated.
East Cairo region is eligible for boosting more sales in the coming period, coinciding with the start of transferring government employees to New Administrative Capital, and moving many customers to live in the New Capital and east Cairo region, Karam concluded.