PROJECTS: Egypt's Egy Holding to deliver its Epic commercial project in 2023

$45mln project is the first in the region to get Fitwel healthy building certification

  
Image used for illustrative purpose Workers wearing protective face masks stand on a building under construction in the New Administrative Capital (NAC), east of Cairo, amid concerns about the spread of the coronavirus disease (COVID-19), in Egypt May 6, 2020.

Image used for illustrative purpose Workers wearing protective face masks stand on a building under construction in the New Administrative Capital (NAC), east of Cairo, amid concerns about the spread of the coronavirus disease (COVID-19), in Egypt May 6, 2020.

REUTERS/Mohamed Abd El Ghany

Egypt's Egy Holding Developments will deliver its 700 million Egyptian pounds ($45 million) Epic commercial project in New Administrative Capital (NAC) in 2023, the company’s CEO said. 

Mohamed Al-Ahwal told Zawya Projects that construction started fourth months ago and would be completed in two phases. 

The project will include a shopping mall, office and medical units and hotel apartments, he said. 

Al-Ahwal said EPIC is the first building in Egypt and the Middle East to achieve global Fitwel healthy building certification system. 

Fitwel, originally created by the U.S. Centres for Disease Control (CDC) and Prevention and U.S. General Services Administration, is a healthy building certification system that optimises buildings to support health 

The Egy CEO said the building is designed to sustainable building standards and will use 40 percent less energy and 43 percent less water compared to conventional commercial buildings in the country. 

He said the project was designed in-house in partnership with ARCH-Ip, Eelectron, Daikin, and would be managed by KAD Commercial Property Management 

The company is planning to launch two mixed-use projects in the NAC and New Alamien City soon, he said but declined to elaborate. 

(1 US Dollar = 15.68 Egyptian Pounds) 

(Reporting by Marwa Abo Almajd; Editing by Anoop Menon) 

(anoop.menon@refinitiv.com

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