Egyptian contractor Rowad Modern Engineering (RME) said last week that it has been awarded construction contracts worth about 1.5 billion Egyptian pounds ($95 million) for Emaar Misr's Mivida Office Park and NewGiza's New Giza Hospital projects.
RME's Chairman Mohamed Mehleb said New Giza Hospital would be completed within 20 months at a cost of 602 million pounds ($38 million) while that Mivida Business Park would be complete within 26 months at a cost of 996 million pounds ($63 million).
Elsewedy Electric Company owns 51 percent of RME.
(1 US Dollar = 15.71 Egyptian Pounds)
(Writing by Eman Hamed; Editing by Anoop Menon)
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