Arab Contractors Plans to Execute $150mn Infrastructure Projects in Algeria

Big 5

Egyptian leading construction firm, Arab Contractors has started talks to carry out a number of infrastructure projects in Algeria, at a cost of US$150 million.

Speaking to Amwal Al Ghad, AC Chairman Mohsen Salah stated that his company is seeking to implement a number of infrastructure projects in one of the biggest housing cities in Algeria.

During a visit by AC’s board delegation to Algeria last September, the company had made a tour to examine the infrastructure projects in the country, the official noted.

Salah further said Arab Contractors is expected to sign the final contracts with Algerian officials and start the implementation works by early 2015. After signing the contracts, the company is set to finalise those infrastructure projects within a maximum of one year and a half, he added.

Meanwhile, the Egyptian company plans to deliver 4500 units in three various areas in Algeria by mid 2015, at a cost of US$180 million.

Arab Contractors exists in 9 Arab states, notably Tunisia, Algeria, Iraq, UAE, Kuwait, and Jordan in addition to 16 African markets, mainly Congo, Ethiopia, Chad, and Nigeria.