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SECON signs 6 new contracts for its first projects in the administrative capital, Al Riyadh SECON - Daily News Egypt

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SECON signs 6 new contracts for its first projects in the administrative capital, Al Riyadh SECON

SECON will pump about EGP 4bn as initial investments in its project in Administrative Capital 


The Saudi-Egyptian Construction Company (SECON) signed with consulting firm Distance Studio Consultants (DSC) a contract to implementation of the integrated designs for its first projects in the new administrative capital, according to CEO Darwish Hassanin.

Hassanin said that the company is keen to take quick steps to implement the project and chose the DSC after the trade-off between several other offices where SECON aims to implement an innovative integrated architectural project on the latest architectural systems and construction in the framework of maintaining the quality of the company.

According to, Hassanin, the company is preparing to submit request to the New Administrative Capital for Urban Development Company for the ministerial decision for the project in the beginning of November.  After that, the company will complete the project’s designs and the issuance of required building permits.

He pointed out that the company aims to start implementation of the project in early 2018 on an area of 70 feddans.

He noted that the company intends to pump about EGP 4bn as initial investments in the project.

In another context, SECON CEO revealed that his company disclosed the signing of five contracts worth EGP 350m for the implementation of the finishes for first phase of the Riyadh SECON compound in New Cairo, which includes 60 buildings.

Hassanin said that the company had earlier signed the contracts for the implementation of these buildings without including the internal finishes and preferred to be assigned to the executing companies to prevent any difficulties in coordination.

He pointed out that the finishing works are scheduled to start soon after the completion of a large part of the construction work of the first phase.

“It is expected to hand over the first phase and the second, which includes 84 buildings with a total of 1300 units by the end of 2018 to be completed about 70% of the project construction, which includes 120 buildings with a total of 1,897 units and is scheduled to finish the remaining work through 2019,” added Hassanin.

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