Arab Contractors to set up a port in Nigeria worth $280mn

Egyptian state-run construction firm Arab Contractors (AC) is commissioned to carry out a port worth 2.2 billion Egyptian pounds ($280 million) in Nigeria, its Chairman Mohsen Salah said Sunday.

In addition, the company is also assigned for carry out the main utilities extension project in a residential city in Nigeria, worth 1.7 billion pounds, Salah noted.

The latest projects come as part of a series of other construction businesses in Nigeria being managed by Arab Contractors. Thus, the company’s volume of business in Nigeria registered one billion pounds.

On the other hand, AC has captured a large number of utilisation and road projects in Equatorial Guinea and Chad.

Arab Contractors is considered one of the most prominent construction firms in the Middle East and North Africa, and one of the largest companies in Egypt.