The volume of Egypt-based Arab Contractors businesses in Nigeria, Cameroon, Equatorial Guinea has reached US$2.6 billion. AC’s projects in the three African countries vary between roads, ports and infrastructure works.
The announcement was made following a tour made by AC’s Chairman Mohsen Salah to visit the company’s projects in Nigeria, Cameroon, and Equatorial Guinea and attend AC’s general assembly to review the company’s business volume in those countries.
The Arab Contractors (AC) is one of the leading construction companies in the Middle East and Africa, and for decades has helped boost ties between Egypt and other African nations.
In Nigeria, Arab Contractors has generated turnovers more than US$1.8 billion. The Egyptian construction giant Arab Contractors’ works in Nigeria include the rehabilitation of Port Harcourt worth 2.2 billion Egyptian pounds (US$288.3 million), one of the biggest projects in the country in terms of costs, in addition to an infrastructure project worth 1.7 billion pounds (US$222.8 million).
Furthermore, the volume of Arab Contractors’ business portfolio in Cameroon is exceeding US$100 million, including Yaoundi road project and the rehabilitation of Dgalobo district at value of US$113 million.
In Equatorial Guinea, the volume of the Egyptian company’s businesses there surpasses US$700 million, including the tourist destination in Pico Mountain at cost of 160 million pounds (US$21 million) as well as the Asoc-Acaasi road project worth 840 million pounds (US$110.1 million).
Moreover, AC’s chairman has also visited the new premises of the Egyptian embassy in Malabo, the capital of Equatorial Guinea, which has been implemented by Arab Contractors.