TLD-The Land Developers and ASASS Construction sign a partnership agreement for construction works of Armonia New Capital

كتب : محمود حاحا – بوابة الاقتصاد

With total project investments amounting to EGP 3 bn, the partnership comes in line with TLD’s strategy to deliver best-in-class real estate projects

TLD-The Land Developers, a leading Egyptian real estate developer, announcedits partnership agreement with ASASS Construction, one of the biggest construction companies in Egypt, to carry out the construction work of Armonia New Capital,with EGP 210 million contractual agreement value. The partnership comes in line with TLD’s strategy to cooperate with renowned and reliable partners, to deliver best-in-class projects according to international standards. The partnership is set to accelerate the pace of work in the projectto complete it in a timely manner with the highest quality, and fulfill the company’s promise toward its clients.

Spanning an area of 42 acres,Armonia is built in a strategic location in the heart of New Administrative Capitalat R7.The project is within close proximity of all keydistrictsincluding the Government Center, Diplomatic District, Investment Zone, Conference Center,the New Administrative Capital Airport, Mohammed bin Zayedaxis, and the Regional Ring Road.

With total project investments of EGP 3 billion, Armonia offers 1,750 units on only 20% of the project’s land size, while the remaining 80% of the project is green spaces and landscapes. Construction began in July 2022 and the first phase is expected to be delivered in June 2023.

The partnership was signed in the presence of Mr. Ahmed El Tayebi, Chairman and CEO of TLD-The Land Developers, Eng. Hossam El Sawwaf, Chief Development Officer of TLD-The Land Developers; Eng. Ziad El-Hares, Managing Director of ASASS Construction and Eng. Islam Onsy, General Manager of ASASS Construction.

In this regard, Mr. Ahmed El Tayebi, Chairman and CEO of TLD-The Land Developers, stated that, “The partnership with ASASS Construction comes in line with the company’s strategy to partner with reputable contractors with proven track-record and experience in the construction sector, to provide state-of-the-art real estate product;according to the highest international standards and quality. We deployour extensive market expertise that extends for nearly 40 years in different fields including tourism and real estate development, to offertop-notchreal estate projects that gainour customers’ trust and meet their needs and aspirations, while being committed to deliver the projectswithin the agreed-upon timeframe.”

Eng. Islam Onsy, General Manager of ASASS Construction,stated that the partnership with TLDis a newly added achievement for ASASS’ accomplishments in the construction field, especially asTLD is one of the leading companies in the real estate sectorand has always been committed to providethe highest serviceand quality level to its clients in different projects. With ArmoniabeingTLD’sflagship project,the company was keen to provide the highest quality with international standards. Eng. Islam also pointed out that TLD was able to prove during the previous years the technical, human and financial capabilities, that should make a difference within the Egyptian real estate market.

AboutTLD-The Land Developers

TLD-The Land Developersis a leading real estate developer, banking on 38 years of experience in the real estate sector. Leveragingits strenuous efforts and market understanding, TLD-The Land Developers has achieved numerous successes in the local market. The company developeda portfolio of residential and commercial projects in the Delta region, as well as touristic and industrial projects, withArmoniabeing its flagship project in the New Administrative Capital.

About ASASS Construction Company

ASASS was established in 2011 as a General Contracting Company focused on turnkey projects in various sectors, from residential to administration and commercial. ASASS has a proven successful record of accomplishments in Egypt and GCC with expansion plans across Africa. Capitalizing on their experienced project management team, they are able to beat the market benchmarks in both delivery time and quality control.