Real estate developer Marakez has signed a contract with Hassan Allam Construction for its AEON residential compound, according to a press release (pdf). AEON, located southeast of Mall of Arabia in 6 October, will come at a cost of EGP 2.2 bn over a built up area of 66.5k sqm. The project will offer 401 homes spread across three 72-meter towers, the first of which is due for completion in 2022.

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