Zaha Hadid Architects, London, has unveiled its plan for a 525,000-sq-meter office and retail development in New Cairo, Egypt, a satellite district east of Cairo. The Stone Towers development will include 18 office buildings containing 28,000 employees and 1,400 luxury apartments within a 45-acre site surrounding sunken gardens. The project owner is the Rooya Group. New Cairo is already home to 350,000 residents and is targeted as a hub for multinationals living in Egypt. New Cairo’s population is projected to reach 2 million by 2020. Photo: Zaha Hadid Architects
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.