Egypt’s Authority for Roads Eyes EGP40bln Investments this Year

The Head of Egyptian General Authority for Roads and Bridges Saad el-Geoushy revealed that the Authority is aiming to allure investments worth EGP40 billion in Roads and Bridges sector by the end of the current year.

In statements to Amwal Al Ghad on Monday el-Geoushy asserted that the Authority’s strategy is focusing on 3 main axes including safety, pure maintenance of roads and upgrade roads and provide them with the latest technology noting that the Authority is looking to dominate the industry system of roads in all the regions and governorates.

Moreover, the Authority is seeking to launch new advertising firm with the aim of developing advertising revenues to reach EGP1 billion compared to EGP500 million, the value of current revenues.