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FINANCIAL NEWS
Emaar Misr awards $55m contract to OCI
08 Apr 2010
(MENAFN) The General Manager of Emaar Misr, a subsidiary of Emaar Properties, said that the company has awarded a $55 million contract to Orascom Construction Industries (OCI) for work on homes in a development on Egypt’s north coast, according to a press statement.
The contract includes executing the finishing works including the interiors and exteriors of Catania homes within Marassi, a 6.25 million square meters tourist and residential project run Emaar Misr.
Marassi is an integrated master-planned community at the beachside development on Sidi Abdel Rahman bay in Alamein.
The Catania Village, an integral part of Marassi, has homes in the Santorini and Andalusian architectural styles. The Santorini style recreates the distinctive vernacular architecture of hillside coastal towns on the islands of Cyclades in Greece, while the Andalusian styled buildings are inspired by the hill-town architecture in southern Spain.
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BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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