Egypt studies new initiative to save Arab construction firms from bankruptcy

Egyptian Federation for Construction and Building Contractors (EFCBC) is mulling the possibility of launching an initiative in coordination with the Federation of Arab Contractors to save Arab companies from bankruptcy and quitting the real market.

Hassan Abdel Aziz, Chairman of EFCBC, said that the instability of the economic situation in number of Arab countries has negatively affected the contracting companies, thus 17 percent of the firms is closed to bankrupt.