Giza Contracting awarded $15mln project by Egyptian cabinet

The company has been awarded water, sewage, and road works

  
Road construction machinery on the construction of highway. Image used for illustrative purpose.

Road construction machinery on the construction of highway. Image used for illustrative purpose.

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Cairo –  Giza General Contracting and Real Estate Investment Company has been awarded a new project worth EGP 240.795 million by the Egyptian cabinet.

The project includes water, sewage, and road works of the social housing project in El-Narges located in the 15th of May City, according to a bourse disclosure on Sunday.

During the first half (H1) of 2021, Giza General Contracting and Real Estate Investment Company reported consolidated net profits of EGP 32.39 million, up from EGP 25.18 million in H1-20, including minority shareholders' rights.

The revenues leapt to EGP 630.4 million in the January-June period from EGP 342.14 million in the year-ago period.

Source: Mubasher

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