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By Marwa Hemdan
Egypt’s construction firm, Moukhtar Ibrahim said on Tuesday it won a new tender to implement a water project in Abu Dhabi, UAE, at cost of 193 million Egyptian pounds ($10.5 million).
The project is one of the most significant infrastructure projects in Abu Dhabi, Mohamed Al-Khatib – deputy chairman of Moukhtar Ibrahim – told Amwal Al Ghad on Tuesday.
“We have had a strong competition with a number of local and foreign firms in the past four months to win this tender.” Al-Khatib said.
The project involves establishing a main water line extending from Al-Sharq Bridge to Khalifa City crossroads, he added.
Moukhtar Ibrahim’s total volume of businesses outside Egypt amounts to 500 million pounds, through its branches in Oman, founded in 2000, and in Abu Dhabi, founded in 1994, the Egyptian official stated.
© Amwal Alghad 2016
