I-CON MEP Smart Solutions to assign Hoft, Kinda projects to Mink Real Estate

Wednesday 28/July/2021 - 06:07 PM

Smart Solutions will contract Mink Real Estate investment to implement electromechanical works in "The Hoft" and "Kinda" projects.

Ahmed Shawky:EGP 1.2 billion , the estimated operational cost of the electromechanical works in the two projects... Engineering designs for the works are being prepared.

I-CON MEP Engineers, Egypt-based company that specializes in Mechanical, Electrical, Plumbing (MEP) And home Automation building services, is poised to contract Mink Real estate investment to design and implement electromechanical works for both projects "The Hoft," an administrative project in New Cairo, and "Kinda" residential compound.

Engineer Ahmed Shawky, Chairman of I-CON MEP Smart Solutions

for contracting and electromechanical works, said that the engineering designs for electromechanical works are being prepared, and implementation work will start after the completion of the contracting procedures.He cleared that the construction works of "The Hoft" the administrative project in New Cairo will exceeds EGP 180 mln .

Shawky explained that the administrative “The Hoft” project is being built on an area of 3,400 square meters and includes administrative activities of various sizes. The project’s investments amount to 400 million pounds, including 180 million pounds, the estimated executive value allocated to electromechanical works. The project includes 84 fully-finished hotel housing units, 11 shops and 80 units. Administrative in different areas.

Shawky indicated that the designs for the electromechanical works are being developed in the “Kinda” project of the “Mink” company within the Tag Sultan project in the East Cairo region. The project will be built on an area of 28 acres and includes 800 housing units between independent villas and “Twin Houses” and apartments of various sizes, other than the administrative buildings.

Shawky added that the expected operational cost of the electromechanical works in the "Kinda" project amounts to one billion pounds, and the implementation of the works is scheduled to be completed in 2022.

The Chairman also pointed out that the company has developed an expansion plan with the aim of increasing the portfolio of projects it designs and implements, in addition to diversifying these projects, especially that the company's current portfolio of projects includes 17 diversified projects affiliated to governmental and the private sectors.

Shawky stressed that the national projects have contributed to increasing the volume of projects offered in the market, especially the new administrative capital, which witnesses a diversity of projects and demand from investors, in addition to the volume of construction implemented by the state in new cities such as New Alamein, Galala and Sokhna, in addition to the East Cairo area.