Spain’s COPROSA signs $90mn-contract to establish construction projects in Egypt

Spain leading construction company, COPROSA Prime announced Wednesday it has signed an agreement to build number of projects in Egypt’s new administrative capital city with total value of 2 billion Egyptian pounds ($90 million).

COPROSA PRIME Egypt CEO, Tamer Wagih Salem, said that the company plans to establish luxurious housing project in favour of the state with total investments worth one billion pounds spread over an area 245,000 square meter.

Valledor Rodriguez, COPROSA PRIME international CEO, commented that his company has an ambitious plan to increase its business of volume in Egypt and Middle East.

CONSTRUCCIONES Y PROMOCIONES COPROSA, S.A. was founded in Oviedo (Spain) back in 1976 before a notary from the Professional Association of Oviedo, Mr. Antonio García Alonso. It started out as a merely regional company, focused on the implementation of railway works, and to a lesser extent, building projects. In time it has become a national construction company of a more general nature covering all kind of works. Its extraordinary annual turnover has placed it amongst the most important companies in the sector.