Egypt’s EGYCO finalises infrastructure works worth 700 mln pounds in H1-FY18

Egypt’s state-run El Nasr Company for Building and Construction (EGYCO) says it has completed a number of infrastructure works worth 700 million Egyptian pounds ($39.6 million) during the first half of financial year 2017/2018.

EGYCO signed new contracts estimated at 1.1 billion pounds during the last period, said its managing director for financial and administrative affairs Osama El Husseiny on Sunday.

“The company plans to increase its business volume in the local market and compete to execute infrastructure projects, which are being launched,” El Husseiny further stated.