May 02 2012
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Hyde Park Partners with Major Consultants to Execute 3 Mega Projects with EGP 3 Billion Investment
As Part of its Continuous Effort to Restore Confidence of Real Estate Clients
CEO: Partnerships reflect Hyde Park's strategy for supporting Egypt's real estate sector
Cairo: As part of its commitment to support the real estate sector and restoring growth rates to reflect the importance of this strategic sector to the Egyptian economy, Hyde Park Properties for Development announced its partnership with the biggest consultants and contractors to execute Hyde Park's major project in New Cairo spread across 6 million sqm with an investment of EGP 3 billion.
Eng. Alaa Ayoub, CEO of Hyde Park Properties for Developments, stated, "The partnerships comes within the framework of the company's strategy to restore the confidence of the real estate sector's consumers, after the downfall witnessed following recent events in Egypt. We aim to do so by pumping new investments to guarantee the completion of projects at the highest quality before contracted delivery dates, which will ultimately attract more clients and strengthen the confidence of local investors in the real estate sector."
Hyde Park's new partnerships include a number of the biggest and highly reputable names in construction and development including, Civil Home Trading and Contracting Company, Curve Landscape Ltd, Al-Hazek Sons, SIAC and DETAC for Trading and Construction, in addition to a number of consultants such as ECG and Sites International.
Hyde Park consists of 3 major projects, Hyde Park, Centre Ville (Rivoli and Concorde) and Park Avenue, the designs of which are inspired by downtown Cairo in the 1920s, with a touch of France's rich and detailed designs.
About Hyde Park:
Hyde Park Properties for development is the master developer for the entire project at New Cairo, with more than 1,400 Villas, 28,700 apartments, 1,400 shops and the biggest public park area. Spread across 6 million square meters, with an investment of EGP 3 billion, Hyde Park's conducted partnerships with a number of the biggest and highly reputable names in construction and development including, Civil Home Trading and Contracting Company, Curve Landscape Ltd, Al-Hazek Sons, SIAC and DETAC for Trading and Construction, in addition to a number of consultants such as ECG and Sites International. The project is located on 90th Street, close to AUC and extended on New Cairo's main ring road that connects all districts of greater Cairo with one another
For further information, please contact:
Media Relation Assistant Manager
Weber Shandwick Egypt
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