Egypt's Sisi affirms importance of constitutional courts in African development    Zamalek no-show, Cairo derby called off    Egypt's PM reviews latest developments on GERD ahead of Washington meeting    Egypt's defence minister heads to Pakistan    Egypt interested in exporting properties, targeting foreign clients, investors    Iran says 12 dead from coronavirus, rejects higher death toll    Egypt's Sisi discusses regional threats with heads of Arab intelligence services    Egypt parliament approves amendments to six laws on security and economic activities    Egypt's PM opens Gezira Club branch in 6 October city    SCEDC threatens to cut power supply to 25 factories for arrears    Cannes to commemorate Wong Kar-wai's In the Mood for Love    MBG Development directs EGP 700m investment to Pukka New Capital    Egypt's Heliopolis Co. receives no offers for management rights    Abu Dhabi Islamic Bank Egypt 2019 net profit jumps 44%    Earthquake hits Turkey-Iran border kills nine, injures more than 100    Asian markets fell as new coronavirus cases jump outside China    'Racism has won,' says Chelsea defender Antonio Rudiger    Fear of coronavirus pandemic grows but China eases curbs as new infections fall    Messi restores peace at Barcelona; Madrid in slump before City    Kuwait, Bahrain report coronavirus in people who visited Iran    Is Nefertiti's long-looked-for mysterious mummy buried next to Tutankhamun's?    Egyptian Irrigation Minister discusses accomplishments of country's mission in Uganda    Social Solidarity Ministry to restructure its activities in cooperation with private sector: El–Kabbaj    Al Ahly, Zamalek play 2nd Cairo Derby in less than 96 hours    Programme: Japanese Film Week kicks off at Cairo Opera House    Egyptian MP takes over presidency of Parliamentary Assembly of the Mediterranean    Amr Fahmy former CAF general-secretary, dies battling cancer    Lebanese hospital uses healing power of music to fight cancer    Iran raises death toll from coronavirus to 8, infections to 43    Brexit team seeks to evade Irish Sea checks on goods    Italy coronavirus cases increase to more than 100    Mohamed Ramadan: Former aviation minister says pilot deserves ban    Mahraganat: controversy over barring Egyptian street popular music    COVID-19 toll reaches 2,360 deaths, 77,700 infections so far    South Sudan president reappoints rebel leader Machar in unity government    Madbouly joins high-level African judiciary meeting on terrorism    Egypt's Sisi stresses commitment to success of Ethiopian dam negotiations    Al-Sisi discusses enhancing commercial cooperation with Chile    Mashrabia Gallery participates in 1-54 African Contemporary Art Fair Marrakech 2020 ( 22-23 February)    Cairo court acquits Mubarak's sons of stock market manipulation    Soma Bay to host Golf Gourmet Week with 150 international golfers    Pompeo says Ethiopia-Egypt massive dam dispute could take months    Al Ahly play Zamalek for Egypt Super Cup in Abu Dhabi    Little Women on its way to become a classic    UEFA Champions League: defending champions Liverpool clash with Atletico Madrid    Chinese Grand Prix likely to be called off amid coronavirus concerns    Egypt's Golden Age actress, Nadia Lutfi, dies at 83    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Maspero triangle's towers will be up and standing in 30 months: NUCA
Published in Amwal Al Ghad on 21 - 01 - 2020

Egypt's New Urban Communities Authority is set to develop three residential towers in Maspero Triangle within 30 months with total construction cost of 1.5 billion Egyptian pounds, according to a source with knowledge.
Four major construction firms were mandated to carry out the towers including Arab Contractors, Hassan Allam, Orascom Construction, and Redcon.
The companies will start the concrete structure of the three towers next March, he added.
The 15, 17 and 25-storey residential towers will contribute in creating 1000 units. Two of the three towers will be assigned to the residents of Maspiro area.
Maspero triangle's residents were asked to choose between financial compensation, relocation to Asmarat or to remain in their homes until development finished. Ten percent chose to move to Asmarat and another 10 percent to remain in their place until development works are finished. Eighty percent chose to receive financial compensation.
Maspero Triangle is one of the biggest slums in Egypt. It was given its name because of its triangle shape on the map.
The project is part of Boulaq district in central Cairo and is home to 18,000 residents, according to 2014 estimates by Madd platform, an independent urban development institution.
The Maspiro triangle project will include recreational areas and commercial zones. It will also have hotels, touristic places facing the Nile River, in addition to a recreational area worth 10 billion pounds. ($556.9 million).


Clic here to read the story from its source.