Egyptian leading construction firm, Arab Contractors is mulling forging an alliance with subcontractors to implement the infrastructure works of the first phase of Egypt’s New Administrative Capital city, Mohsen Salah said Monday.
The new alliance with the subcontractors would be under the umbrella of the alliance that has been formed in January 2016 between the Arab Contractors, Petrojet and China State Construction Engineering Corporation (CSCEC) to implement the infrastructure works in New Administrative Capital.
The total cost of the infrastructure works is estimated at 2.5 billion Egyptian pounds. The alliance is to finish the first water network extension project to the new capital within the current month with total length of 18.5 Km and total cost of 258 million Egyptian pounds.
Moreover, Salah told Amwal Al Ghad that AC is in talks with local contracting companies that seek to establish an alliance to enter into the African market
