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HDP, El Hazek sign deal for Talda Project

Businessmen Team news 28 April 2025 06:36 PM
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HDP, El Hazek sign deal for Talda Project

The Housing and Development Properties (HDP) company, the real estate arm of the Housing and Development Bank, has signed a contracting agreement with El Hazek Construction, for the execution of construction works related to its Talda real estate project, which it is developing in Mostakbal City in New Cairo.

The investment cost of the Talda project amounts to 2.5 billion Egyptian pounds. HDP intends to fulfill its promises to begin delivering residential units in the project within 24 months.

The contract signing ceremony was attended by Engineer Amgad Hassanein, Vice Chairman of the Board of Directors of HDP, Engineer Mahmoud El Hazek, CEO of El Hazek Construction, Hossam Issa, CEO of HDP, and Engineer Mohamed Saeed, General Manager of El Hazek Construction.

Hassanein emphasized that the cooperation with El Hazek Construction aims to provide and ensure a distinguished and advanced residential experience, while enabling HDP to fulfill the delivery of residential units in its Talda real estate project within the specified and previously announced timeframe.

He pointed out that HDP has acquired 8 real estate projects within just two years of its establishment and intends to launch the second phase of its Talda real estate project, in addition to targeting expansion with future projects in East and West Cairo and the North Coast.