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Arab Contractors lands contracts at total value LE 640 m

Egypt's Arab Contractors Company has landed contracts of a number of new projects in the Upper Egypt governorates of Qena, Assiut and Aswan at a total value of LE 640 million, the company's chairman said.

In a press release on Sunday, Mohsen Salah said the volume of shelved projects exceeded LE 2.5 billion.

He said the company's branch in the South Valley has recently landed a contract for establishing a hypermarket of a new medical city being set up in Luxor at LE 192 million.

Within the framework of the Population Ministry's interest in developing Upper Egypt governorates, the company signed an agreement on completing suspended sanitation projects in Naqada and Qaft localities in Qena. 

The sanitation projects were suspended for almost five years. The estimated cost of the projects has reached LE 1 billion. About 3% of the projects was accomplished.

The company will also establish an LE 168 million water station in New Aswan City in tandem with the Urban Communities Authority, he added. 

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