Egypt’s Al-Abd mandated for 6 infrastructure projects this year

Egyptian construction company Al-Abd has been mandated to implement six infrastructure projects within this year, said its managing director Said Fattouh on Saturday.

The company had earlier signed contracts with Ministry of Housing, at a total cost of 600 million Egyptian pounds ($33.7 million) to execute the six projects, Fattouh further added.

“The works will include establishing five infrastructure projects; utilities work, sanitation networks, and tanks in Damanhur, Beheira, Abu Qir as well as one housing project; eight buildings in Maadi View project,” he said.

Located in El Shorouk City, Maadi View is owned by Maadi for Development and Reconstruction that is an affiliate to Holding Company for Construction and Development (HCCD), he said.

“We are looking to post business volume up to one billion pounds and contracts from its infrastructure projects within the next period,” Fattouh added.