Cairo Contracting and Real Estate Investment was mandated to implement infrastructure works in number of governorates with total cost of one billion Egyptian pounds, according to chairman and managing director Nashaat Mohamed Morsy
The infrastructure projects are funded by World Bank’s Global Infrastructure Program.
Morsy added that the projects include bunch of electricity networks, water and sanitation plants in different governorates
Cairo Contracting is an affiliate to Egyptian Holding Company for Construction and Development (HCCD), which is an agency under Ministry of Housing.
Morsy further noted that his company is set complete six infrastructure projects within a time frame of 18 months.
He clarified that the company has a increased its total contractual portfolio by 1.8 billion pounds until the end of 2019, including the implementation of infrastructure and residential projects.
Morsy explained that the company has an annual business volume of 600 million pounds in the local market.