Many people associate Industry and Engineering Corporation (IEC) with engineering and construction of major civil and environmental projects involving the most advanced civil works in Middle East. As a Corporation, IEC has seven affiliated very large and experienced companies, (Mihansaz, Karadeniz, Rio, Ave, Sazehaye, Abi, Rahsara), working together to create the most capable organization proudly fulfilling most of the clients requirements.
This Joint Venture Agreement is made the Tuesday -6th of December-2016 Between: IEC, Industry and Engineering Corporation Ltd, No., 15C, Lansdowne Road, Wimbledon, London SW20 8AN UK. and CSL, ConcordStroy Ltd, 25, Irkutskaya str., Almaty 050050, Republic of Kazakhstan IEC and CSL Have agreed to form a Joint Venture called IEC of G4C-Almaty, (IECG4C-Almaty) for Engineering, Procurement, construction and Financing of entire Gate City, first part of G4 City projects and to execute the Gate City project. IEC and CSL are jointly project owner with 51% to 49% respectively. -Construction of G4 City Satellite Towns in Almaty region, Kazakhstan, Construction of Plant producing modular building components using Atmosphere + or other precast concrete German technology. Purchase and assembling of modular precast concrete plant is also part of this procurement.-Infrastructure of entire Gate City costing 31.4 Billion Tenge (150 Million Euro) is done by Almaty’s Municipality. IEC-G4C-Almaty and General Agreements of this Joint Venture will be registered as an independent company