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Egyptian Gazette
Home Business Real Estate

ES aims to contract projects with LE2b business value during 2021

by Gazette Staff
April 19, 2021
in Real Estate
ES aims to contract projects with LE2b business value during 2021 1 - Egyptian Gazette
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By Hamed Mahmoud

The leading Sustainable Building consulting & certification, Engineering Solutions “ES” aims to supervise the implementation of various real estate projects with construction value of 2 billion pounds during 2021 as part of the company’s expansion plan in the market by adding a portfolio of new projects to its business. The engineering consultant, Amgad Khattab, CEO of “ES” for green and sustainable buildings, said, “With the transformation in the real estate sector in Egypt and the entry of new real estate products such as high-rise towers, administrative, commercial, hotel, and medical buildings, especially in the administrative capital and the new Alamein and with the state’s drive to save energy and preserving the environment, sustainable buildings have become necessary and it is expected that it will witness increased growth during the coming period.

Khattab added that the company took over the supervision of the implementation of more than 12 various projects by which it implemented the sustainability requirements and obtained a “LEED” certificate from the United States of America, and the implementation value of these projects reached 3.5 billion pounds. The CEO of the company indicated that the most booming contracted with Minka Real Estate Development Company for the administrative project “The Hoft” in New Cairo to implement LEED requirements for sustainable buildings in the project. The project’s construction cost is LE220 million, which is an administrative – hotel project built on an area of 15 thousand square metres and is scheduled to be completed and delivered in 2023.

Khattab pointed out that the company focuses its business in the real estate market in general and the new administrative capital and the new Alamein in particular due to the volume of real estate projects that are implemented in the two areas in addition to the quality of the real estate product, which are the towers on which the business is currently focusing on.

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