Al-Marshedy Group signs a contract with Redcon to implement towers in Skyline with investments of EGP650m

Redcon Spain undertakes the implementation of concrete works for 5 multi-storey towers in Skyline within a time span of 15 months

Al-Marshedy is keen to accelerate the implementation rates of projects and provide the highest level of quality

Al-Marshedy Group has contracted with Redcon Spain Construction Company - affiliated with Redcon Group of Companies - to carry out 5 towers in the Skyline project in the Sixth Settlement "Katameya" with investments of EGP650m.

The signing ceremony was attended by Eng. Tarek El Gammal, Chairman of the Board of Directors of Redcon Companies, Mr. Amal Abdel Wahed, Vice Chairman and Managing Director of Redcon Construction Company, Eng. Wael Saada, Chairman of Al-Marshedy Group, Eng. Nour El-Marshedy, Owner and CEO of Al-Marshedy Group, and a number of leaders of the two companies.

According to the contract, Redcon Spain will carry out the concrete works for 5 multi-storey residential towers in the Skyline project owned by Al Morshedy Group.

Eng. Tarek El Gammal, Chairman of Redcon Companies, said that the cooperation with Al Morshedy Group comes as a continuation of a series of high-end contracts concluded by the company with major private sector developers during the current year and confirms the confidence of major entities in Redcon's distinguished work history.

He added that the company will be keen to use the latest technological and sustainable techniques in implementing the project.

A strong work history

Mr. Amal Abdel Wahed, Vice Chairman and Managing Director of Redcon Construction Company, confirmed that Redcon Spain Construction Company has a strong work history in the Egyptian market and has implemented up to 30 landmark projects, and about 12 projects are currently being implemented with a work volume exceeding 2 billion pounds.

He pointed out that the duration of implementing the works assigned to the company in the Skyline project is 15 months, and the project provides direct "specialized" job opportunities for 500 workers.

Eng. Wael Saada, Chairman of Al Morshedy Group, confirmed that the contract with Redcon Spain reflects Al Morshedy Group's keenness to accelerate the implementation rates of its projects, and to conclude deals with major contracting companies to implement the work with the highest level of quality and to continue to provide added value to the Egyptian real estate market, similar to the major and remarkable projects implemented by Al Morshedy Group during its years of work in the market.

Eng. Nour Al Morshedy, Owner and CEO of Al Morshedy Group, expressed her happiness to cooperate with Redcon Spain, a subsidiary of Redcon Construction Group, which has been able to implement major projects that have achieved added value to the real estate sector for more than 30 years.

She explained that the cooperation will contribute to providing high-end products that take into account the highest standards of sustainability.

Redcon is one of the top 5 contracting companies in Egypt, and it is the first company in the Middle East to apply modern construction techniques, especially BIM technology to integrate Building Information Modeling description. Al-Marshedy Group was founded in 1983 by Engineer Mohamed Al-Marshedy, and implemented many distinguished projects that took into account innovation and unique design. The number of major projects that the company has implemented and is implementing has exceeded 21 projects, as the company's customer base has exceeded 80,000 customers.