ICON to Obtain EGP 6.4 Mln from Mokhtar Ibrahim

Industrial Engineering Company for Construction and Development (ICON) has won a lawsuit against the Egyptian Contracting Company (Mokhtar Ibrahim). The court judgment stated that the former will pay the latter EGP 6.426 million, in addition to 5% compensation for delay as of the 4th of June.

This was declared in the public session  held yesterday in the court located in Imbaba. The judgment   was  based on Appeal No. 6493/ 124 s commercial filed by ICON against the Egyptian Contracting Company after the court rejected the appeal of the later party.

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