Egyptian and Ethiopian officials will be meeting next week to tackle plans to launch a joint firm to boost bilateral cooperation in construction sector.
The African Federation for Construction Contractors’ Association (AFCCA) will meet next week with board members of Construction Contractors Association of Ethiopia.
According to Hassan Abdelaziz – chairman of AFCCA, the meeting will explore the mechanism of helping the Egyptian construction companies to enter the Ethiopian market.
The African federation will also discuss the inception of an Egyptian-Ethiopian joint construction company, proposed by Egypt’s Prime Minister Ibrahim Mahlab in his latest visit to Addis Ababa.
The new company aims to support the Egyptian construction companies so as to compete for national infrastructure and road projects in Ethiopia, the official noted.
Furthermore, Abdelaziz referred that his federation is exerting efforts to help Egyptian construction to operate in Ethiopia, backed by Egyptian Housing Minister Moustafa Madbouly’s initiative.
AFCCA’s chairman also clarified that the federation holds a periodical meeting to support the Egyptian construction companies’ access to the African markets within the current phase.