Arab Contractors to Obtain 300 Mln Credit Facilities

Banque Misr’s board of directors has decided to grant Arab Contractors new credit facilities at a value of 300 million, to be used in financing the company’s projects in Kuwait and African countries.

In one of its statements, the company added that these projects include the construction and operation of the Jaber Al Ahmad Al Jaber Al Sabah Hospital. It pointed out that the hospital will be established on a space of 225.000 m2, including 1.2 thousands beds, at an investment value of EGP 5.9 billion. It will be finalized within 5 years. The company will also launch another project  for establishing roads and lanes in Jahra street.

The Arab Contractors’ branch in Algeria has also been awarded a contract with a total value of 9.37 million Euro to build the Cancer Hospital in Bad El Wad, in addition to signing a contract worth $ 18 million for establishing the second part of the Eastern Gate of Yaounde in Cameron.