Egypt’s Al-Abd mandated for 26 housing buildings in new capital

Egyptian construction firm Al-Abd has won a mandate to execute 26 residential buildings in the country’s new capital within 2019, its managing director Said Fattouh said on Saturday.

“We are looking to expand our business volume within 2019, through signing contracts to carry out more residential and utilities projects for Egyptian Armed Forces and housing firms that are affiliated to Holding Company for Construction and Development (HCCD),” Fattouh said.

In 2018, Al-Abd won a giant bundle to implement new residential and utilities flagships worth more than 1 billion Egyptian pounds ($55.8 million), he added.