Concrete Plus wins contract to implement City Gate project – New Cairo worth 3.5 billion Egyptian pounds
Concrete Plus, a leading Egyptian contracting and engineering company, announced that it has been awarded the contract to execute the City Gate project in New Cairo, owned by Qatari Diar Real Estate Development Company, with a total expected contract value of EGP 3.5 billion.
Concrete Plus's scope of work includes the construction of 300 residential units, in addition to the project's infrastructure, with a 30-month timeframe for completion.
City Gate New Cairo is an integrated city strategically located in the heart of New Cairo. Spanning 8.5 million square meters, the project is being developed as a fully integrated urban community featuring a variety of residential units, including villas and apartments, supported by a comprehensive network of services and amenities. The project includes schools, healthcare facilities, social and sports clubs, a medical complex, a world-class business district, approximately 1.5 million square meters of green spaces, and a world-class golf course, reflecting a development vision aimed at creating a modern and integrated urban community. The project is expected to create more than 200,000 direct and indirect job opportunities, making it one of the most ambitious urban development projects in Egypt.
Eng. Tarek Youssef, Founder and CEO of Concrete Plus, stated: “Concrete Plus’s winning bid to develop the City Gate project confirms the trust placed in the company by leading real estate developers. It reflects our extensive experience in executing integrated residential projects according to the highest technical and engineering standards, while adhering to agreed-upon quality standards and timelines.”
Based on its decades of experience in developing high-end, mixed-use residential projects, Concrete Plus relies on an integrated project management system. This system includes advanced quality control systems, meticulous execution scheduling, and full coordination with specialized consultants, contractors, and client representatives, ensuring that the work is carried out according to the highest approved specifications.
This contract also underscores Concrete Plus’s commitment to applying the highest occupational health and safety standards and environmental sustainability principles throughout all phases of the project, in line with best practices in the contracting industry.
Qatari Diar is one of the region's leading real estate developers, boasting a diverse portfolio of major projects across several regional and international markets. These projects encompass integrated residential, commercial, and tourism developments. In Egypt, the company continues to solidify its position as one of the country's largest real estate developers, with a land portfolio exceeding 60 million square meters and existing investments surpassing US$7 billion. These investments are distributed across several prominent projects, including City Gate New Cairo, the St. Regis Cairo Hotel, and New Giza, in addition to other projects on the Red Sea coast and in Sharm El Sheikh, as well as its new coastal project in Alam El Roum on the North Coast. The company executes its projects in the Egyptian market according to a strategic vision aimed at developing integrated urban communities based on sustainability standards, quality design, and long-term planning, thereby enhancing quality of life and supporting sustainable urban development.
Concrete Plus's winning bid to execute the City Gate project in New Cairo represents a significant addition to its engineering portfolio, strengthening its presence in the local and regional markets and supporting its expansion strategy in the integrated urban development sector.