Hassan Allam, Orascom Construction to build five towers in New Alamein

Orascom Construction and Hassan Allam have won contracts from the New Urban Communities Authority (NUCA) to build five towers in New Alamein, Al Shorouk reports, citing unnamed sources familiar with the matter. Hassan Allam won contracts for three towers while Orascom took home agreements to build two. The towers will cost an almost EGP 2 bn each to construct and are expected to be completed in 2021.