Four Egyptian state-run affiliates have won a mandate to develop infrastructure projects, financed by the World Bank Group (WB), in a number of governorates within the current year, according to a source.
Affiliated to the Holding Co. for Construction and Development (HCCD), the four firms are named El Nasr Building and Construction (EGYCO), General Egyptian Co. for Buildings, Misr Concrete Development, and Egyptian Contracting (Al-Abd).
The three projects, which are worth around 1.6 billion Egyptian pounds ($100.4 million, will be delivered within an 18-year timeframe, official source in one of these firms told Amwal Al Ghad on Tuesday.
The infrastructure project are set to include implementing a bunch of drinking water and waste water stations, he said.
