Egypt’s Al-Abd business at $55.8 mln at June-end

Egypt’s construction firm, Al-Abd says it has posted business volume exceeding one billion Egyptian pounds ($55.8 million) till the end of last June resulting from executing a giant bundle of infrastructure projects.

The state-run firm is currently carrying out new residential projects in favour of five governmental entities, said its managing director Said Fattouh on Saturday.

“The five entities are New Urban Communities Authority and Armed Forces Engineering Authority as well as El Nasr Housing and Development, Heliopolis for Housing and Development, and Maadi for Development and Reconstruction,” Fattouh said.