Egypt’s leading construction firm, Arab Contractors Company (AC) plans to inaugurate its second office in Equatorial Guinea before the end of the current year. This comes after winning a number of contracts to carry out giant projects in Equatorial Guinea.
In this respect, Ashraf Rateb – Head of African Projects Division at AC – stated that the Egyptian company has won a contract to establish a military camp for the Guinean army on a space of 1.000 feddans, at total cost of US$83 million.
Arab Contractors is expected to finalise and deliver the camp project within two years, Rateb added.
Meanwhile, Rateb said in earlier statement that AC is carrying out various projects in Equatorial Guinea, involving infrastructure, road networks, housing units and army camps.
AC is running investments worth around US$500 million in Equatorial Guinea, he noted, saying it is within the framework of the company’s strategy to increase its volume of businesses in the African market.