New City Developments Teams up With El Hazek Construction To Provide High-end Affordable Housing Solution in Eco West

New City Developments Invests EGP 2.5bn in Eco Westand Starts Delivery in 2024

New City Developments Provides Solutions for the Hard Equation of the Housing Gap

New City Developments, an innovative real estate company that focuses on developing high-quality affordable projects, announced today, during a press conference at the Four Seasons Hotel key partnership with leading construction company El Hazek Construction to provide high-quality construction work for Eco West.Ramy Yousef, CEO of NCD, and Mahmoud El Hazek, Managing Director of El Hazek Construction signed the partnership.
Ideally located in the center of 6th of October City, Eco West is within proximity of a large number of different services in the area. The project is 5 minutes away fromthe MSAUniversity and Cairo’s largest malls, 15 minutes from 6th of October City Airport, and 15 minutes from the biggest archaeological and tourist area in Great Cairo (Giza Pyramids – Grand Egyptian Museum – New Tourist Walk).
Speaking on the reasoning behind the signing, Ramy Yousef, CEO of New City Developments said, “Signing this cooperationis part of our ongoing strategy of finding partners with efficient practical expertise in their field and this includes our partnership with El Hazek Construction. The cooperation allows us to deliver a unique service that is characterized by outstanding experience and value to our clients. With the mixed-use project Eco West, we believe that the project would be a proper alternative forthe middle class housing gap challenge in 2024″.
Eng. Mahmoud El Hazek,Managing Director of El Hazek Construction,said: “we are looking forward to collaborate with New City Developments on Eco West, NCD has a clear vision that will help address the arising supply and demand challengesin the real estate market. A vision that offers alternative real estate product with high-quality standard with the affordability that meets targeted clients with Eco West. We were glad to carry on the construction work in the mixed-use project; where our goal is to turn Eco Westinto our next success story.”
Eco Westcomprises modern design units with Euro-Japanese Architecture that are smart with space, by the Lebanese architecture firm, RachidKaram Architects, makes the best use of its 80 m2areas. Phase 1 has 14 diverse buildings with 1290 units and a starting price of EGP 850K, in addition to flexible payment plans that fit their clients’ needs. EcoWestexpects delivery in 2024, while phase 1 will be ready in 20 months.