Al-Abd to deliver utilities works in Egypt new capital before year-end

Big 5

Egypt’s construction firm Al-Abd will deliver a bunch of utilities works in the country’s new administrative capital before the end of the year, its managing director Said Fattouh said on Saturday.

The cost of the utilities works, which include establishing a number of residential buildings, is 150 million Egyptian pounds ($8.4 million), Fattouh added.

“We will start handing over five residential buildings in the first phase of the new capital works within next October,” he said, adding that Al-Abd is currently executing additional 27 buildings.

The 27 buildings are set to be completely delivered before the end of the current year, Fattouh said.

Also, Al-Abd is expected to win a mandate to execute more infrastructure projects in the new capital within the next period, he added.