Al-Abd to deliver two infrastructure projects in Upper Egypt year-end
Egypt’s construction firm Al-Abd plans to complete delivering two infrastructure projects in Upper Egyptian city of Qena before the end of the year, its managing director said on Thursday.
The cost of the two projects is pegged at more than 300 million Egyptian pounds ($17.9 million), financed by the European Bank for Reconstruction and Development (EBRD). They include the construction of sewage stations as well as lines of slopes and expulsion, Said Fattouh further told Amwal Al Ghad.
Moreover, Al Abd has succeeded in increasing its business portfolio to exceed 500 million pounds buoyed by a number of fully-fledged housing and utilities projects in the country’s new capital, 45km (28 miles) east of Cairo, he added.
“The company’s total business volume reached 1.250 billion pounds at the end of June,” Fattouh concluded.