Kuwaiti EMAC eyes $30mn turnovers from Egypt new capital year-end

EMAC Contracting, an affiliate to Kuwaiti Al Kharafi and Sons Group, is targeting business volume up to 500 million Egyptian pounds ($30 million) from its works in Egypt’s new capital at the end of the year.

“We are currently executing four projects in the new capital,” said EMAC’s chief executive Samir Fathy on Thursday.

EMAC’s ongoing flagships in the new capital will include the implementation of a number of fully-fledged infrastructure works and utilities networks, at initial costs approaching 100 million pounds, he added.

“We are competing to carry out a bunch of infrastructure projects in New Cairo and Obour cities, as part of its plan to increase the business volume,” Fathy said.