AUC has signed an LE 850 million contract for the construction of its new campus in New Cairo. The main contractor is a joint venture between Samsung, the Korean partner, and Samcrete, an Egyptian firm.
The project, which will employ local workers and use local material, will also create 2,000 jobs on site.
Samsung Corporation is best known for constructing the world’s tallest building, the 92-story twin towers in Kuala Lumpur, Malaysia. The company has also gained international recognition with the completion of the 63-story royal Charoen office building in Bangkok , the 55-story PBC tower in Manila and the 50-story Ampang tower in Malaysia . The construction group was the first in Korea to obtain ISO 14001 certification for all construction operations.
“It’s a pleasure to be here in Egypt , the mother of all civilizations, and to be part of building this educational establishment with our technology. We all have the same goals even if we have a different culture and language, and we promise to contribute to the mission and vision of AUC by delivering the best standards and delivering them on time,” said Kye Ho Kim, executive vice president of overseas business at Samsung Engineering and Construction.
Samcrete Egypt, the local contractor and one of the oldest in the country, operates in the construction industry and production of building materials in Egypt and abroad. It started in 1963 as a small-sized contractor specialized in pavement works and concrete landscape products and has expanded to a company of more than 2,000 employees.
The new campus will be ready for occupancy in September 2008.
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