El Mostakbal for Urban Development is preparing to offer an international tender for the management and operation services of the Mostakbal City project’s first phase.
The tender is aimed at major international and multinational companies that will be invited to apply for the limited tender.
Mostakbal is a fully-integrated city built on 11,000 feddan in New Cairo, close to the New Administrative Capital (NAC), with roads and landscape taking up 50% of its total space.
Essam Nassef, the company’s Chairperson, Managing Director, and master developer of Mostakbal City, said the company is currently preparing the terms, conditions, and specifications through a specialised consultant.
These include security plans, solid waste management facilities, transportation and utilities, drainage, irrigation and water networks, and roads.
The company is also preparing the terms and conditions for the buildings and commercial entertainment services hub in the heart of the city. This will see universities, international schools, shops, and restaurants among other services, with all services wholly owned and developed by the company.
Major international and multinational companies will be invited to participate in the tender, which is being prepared in two phases.
The first phase will see technical offers presented and discussed, with a technical evaluation to be carried out. The second phase includes submitting financial offers for accepted technical offers only and then choosing the best offer, Nassef said.
“The consultant has completed the shortlist of international companies in preparation for starting the offering process to select the company with the best offers,” Nassef said. “The shortlist includes classification of companies according to their experience in managing and operating smart cities.”
The tender is expected to be offered in July, and the period for managing the offering will be approximately six months, Nassef said. The awarding and contracting will take place by the end of 2020.