Arab Contractors nears delivering Egypt new capital’s 44 residential buildings

Egypt’s construction firm Arab Contractors is planning to deliver 44 residential buildings in the country’s new administrative capital within one-month timeframe, its chairman Mohsen Salah said on Wednesday.

The state-owned company won a mandate to execute the residential buildings during the last period, Salah said, adding AC is looking to increase the works’ accomplishment rates.

“This comes as part of the company’s plan to hand over a number of residential flagships, which are being executed by a bunch of state-run construction firms, in the new capital within the next few months,” he added.

The official said AC is currently implementing various projects, including major utilities and road works as well as construction buildings and sanitation networks at the ministerial district in the new capital.

“The company main partner in the state’s different flagships as it is owned by the Ministry of Housing and owns a giant bundle of works in the new urban cities,” Salah added.