ALQAMZI Developments - Egypt contracts with DMC to implement works of EGP 500 m in Seazen، North Coast
ALQAMZI Developments-Egypt Co. signed a construction agreement worth EGP 500 million with Dar Al-Mimar Construction Co. "DMC"، in confirmation of the seriousness and commitment to finish quickly، to implement works within the first phase of the "Seazen" project in the North Coast.
The signing of the agreement was attended by Mr. Yasser Zidan، Al Qamzi - Egypt Chairman، Mr. Sherif Ismail Soliman، DMC's CEO and Vice Chairman، and Eng. Mohamed Diab، CEO of "Inversion" project management Co.، as well as company leaders and a group of media gentlemen.
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According to the cooperation agreement between the two parties، the "DMC" Co. will implement residential units in the "Seazen" project with various spaces and different models including chalets، twin houses، townhouses، and standalone villas.
Yasser Zidan: one year implementation period، DMC was selected from among 18 companies for the quality of its projects
Mr. Yasser Zidan، Al-Qamzi - Egypt's Chairman، stated that the company announces، by contracting with the "DMC"، the start of building construction works in the first phase of the "Seazen" project، in record time، after less than 6 months from obtaining the licenses for the project.
He indicated that the company assigned the implementation work in the phase subject to the contract with DMC، after the offers submitted by 18 major contracting companies were evaluated by the "Invergen" project management company and DMC was chosen for its distinguished works precedent، which relies on quality، accuracy، and commitment to delivery dates on time.
He explained that there are companies that submitted lower bids to implement the project، but "Al-Qamzi keenness on quality outweighed DMC Co.
The duration of the implementation of the works subject to the contract in the "Seazen" project is one year and it is intended to complete the implementation of the entire project within 5 years، he added.
The "Seazen" project is located on an area of 204 acres on the North Coast at kilometer 170 in the Dabaa region، with investments amounting to EGP 14 billion and it includes residential units of various sizes with fully finished units.
The "Seazen" project provides more than 4 thousand direct and indirect job opportunities، which reflects the keenness of "Al Qamzi - Egypt" to develop projects that employ thousands of Egyptian workers.
Sherif Soliman: The contract with the "Al-Qamzi - Egypt" group extending "DMC" series of successes in cooperation with major entities.
Mr. Sherif Ismail Soliman، DMC's CEO and Vice Chairman، expressed his pleasure in cooperation with Al-Qamzi - Egypt، which owns a large and distinguished works precedent in the UAE market and has been able to enter the Egyptian real estate sector strongly and prove its distinction and seriousness in the last two years despite the challenges faced by the sector.
He assured that the agreement with the "Al-Qamzi-Egypt" group is considered an extension of the "DMC" series of successes in cooperation with major and serious entities and an affirmation of the quality of the company's products.
Mohamed Diab: The cooperation will provide a distinctive product to the Egyptian market for their experiences and keenness on quality and credibility
Eng. Mohamed Diab، CEO of "Inversion" Real Estate Projects Management Co. expected that the cooperation between "Al Qamzi - Egypt" and "DMC" will provide a distinguished real estate product to the Egyptian market with specifications and quality similar to the best international products thanks to the great expertise that both parties possess and their constant concern for quality and credibility.
ALQAMZI Developments is one of the major Emirati entities that was founded in 1997، specialized in the contracting sector، implemented many projects throughout the Emirates، and took the step of expanding abroad in 2010، chose the Egyptian market، and established the "Al-Qamzi - Egypt" Co. in partnership between Emirati businessman Abdullah Al-Qamzi and Egyptian businessman Yasser Zidan، as well as the company announced great expansion plans in the Egyptian market in 2021.
DMC has more than 30 years of experience in the Egyptian market، provided during which distinguished works in various construction and contracting sectors، and delivered more than 300 projects to major real estate developers at the regional and local levels by a team of more than 4 thousand experts.
