Construction firms receive 50 bln pounds dues in FY2019/20 – Egypt’s EFCBC

A number of construction firms operating in Egypt have received financial dues worth 50 billion Egyptian pounds ($3.1 billion) during the 2019/2020 financial year, said head of the construction federation on Sunday.

The Egyptian Federation for Construction and Building Contractors (EFCBC) held meetings with its board members and leaders at the Housing Ministry and New Urban Communities Authority to pay financial dues to contractors, EFCBC’s president Mohamed Samy Saad added.