3 Egyptian construction giants to alliance with African state firms this year

Three Egyptian construction majors are planning an alliance with some state-run African firms before the end of this year in a bid to win tenders for government-led projects in the African continent.

Theses anticipated alliances will focus on winning projects offered by governments of some African countries, notably in infrastructure, road, housing, and services sectors, an official in the Egyptian Federation for Construction and Building Contractors (EFCBC) told Amwal Al Ghad on Sunday.

The Egyptian companies that plan to form African consortia are Arab Contractors, Nasr General Contracting – Hassan Mohamed Allam, and Al Ahly for Real Estate Development, the source added on condition of anonymity.

These companies have already received serious offers from African governments to cooperate in carrying out some new projects, the source said.

Entering into major alliances with African state-run companies will help Egyptian contractors capture significant share in major projects in the continent, the source concluded.