Egypt’s Moukhtar Ibrahim executing two infrastructure projects in UAE

Egypt’s state-run construction firm, Moukhtar Ibrahim says it is on track to carry out two infrastructure flagships in United Arab Emirates, at a cost of 300 million Egyptian pounds ($16.7 million).

The anticipated projects will include establishing a drinking water line and a number of tunnels, said the company’s head for financial and administrative affairs Mohamed Zaghloul on Saturday.

“We are planning to deliver the works within a timeframe of two years,” Zaghloul said, adding that the accomplishment rates range between 70 percent and 85 percent.

Egyptian oil and gas services provider Petrojet is currently teaming up with Moukhtar Ibrahim to execute a new infrastructure flagship in Oman, he said.