News

Thursday, 20 October 2011

KUWADICO begins first phase of Grand Heights in cooperation with ORASCOM Construction Industries (OCI)

In a new step for Kuwait Wadi Elnile Urban Development Company (KUWADICO), a subsidiary of NREC, a contract has been signed with OCI to begin the comprehensive infrastructural development of the first phase of the Grand Heights Project for the amount of EGP 247 Million.

 The contract was signed by Mr. Khaleel Al-Abdullah, CEO of NREC and Managing Director of KUWADICO, Engineer Ibrahim Hassan, General Manager of KUWADICO, Mr. Onsy Sawiris as Honorary President of OCI, Mr. Majid Abadir, CEO of OCI as well as the honorary guest Dr. Ali Abdulrahman, Governor of Al-Giza.

Mr. Khaleel Al-Abdullah, Managing Director of KUWADICO, stated that this contract marks the first of several contracts that the company will be signing in the coming months that involve constructing and landscaping educational, commercial, administrative and athletic service buildings. The first set of units will be delivered by the first half of 2014.