ICEC

Egypt AC’s business volume hits $1.5 bln in 18 African countries annually

The total business volume of Egyptian state-owned construction firm Arab Contractors (AC) is worth about $1.5 billion in 18 African countries per year, said its head of African sector Ibrahim Mabrouk on Sunday.

“The sector of major road projects captures the lion’s share out of the total business volume in the African countries,” Mabrouk further added.

Asked about AC’s new works in Africa, the official referred that his company is currently executing a giant share of infrastructure, road, residential, and hospital flagships there.

Arab Contractors has recently won a mandate to execute another major hospital in Uganda, at a total cost of $22 million, Mabrouk said, clarifying that this project will be delivered within a timeframe of two years.

During the last period, Mabrouk elaborated that Arab Contractors implemented another hospital flagship in Uganda, at a cost estimated at $27 million.

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