Arab Contractors’ works hit 24.8 bln Egyptian pounds in FY2019 – minister

Egypt’s state-run construction firm, Arab Contractors carried out works of 24.823 billion Egyptian pounds ($1.5 billion), marking a 12.38 percent increase during the 2018/2019 financial year.

The company made returns on investments up to 206 million pounds during the 2018/2019 financial year from 129 million pounds during the 2017/2018 financial year, said Housing Minister Assem El-Gazzar on Wednesday.