Arab Contractors to significantly expand Egyptian and Saudi operations

The Arab Contractors’ extensive involvement in the construction industry in Egypt and will be involved in the new Suez Canal project in conjunction with Orascom. In an interview with Al-Borsa, company Chairman Engineer Mohsen Salah talks about the the company’s upcoming expansion projects in Egypt and Saudi Arabia.

What is the Arab Contractors’ project target by the end of 2014?

The company hopes to increase the value of its business to EGP 16bn domestically after achieving EGP 13bn during the months of June, July, and August. It is [also] seeking to conduct international projects worth $5bn by the end of 2014.

Do you have interest in other markets at this time?

The company is currently considering expanding in the Saudi Arabian market through constructing 60 tunnels in Mecca as well as conducting infrastructure projects involving water, sanitation, electricity, and roads in accordance with the state’s plans to develop the holy city and increase its capacity during the pilgrimage season. We hope to expand our business in Saudi Arabia by the end of 2014-2015 a value of more than SR 3bn compared to the current SR 1bn.The new projects we are currently competing to undertake in Saudi Arabia include desalination and infrastructure projects as well as bridge and tunnel construction.

Arab Contractors is focusing on the Saudi market due to great hospitality from Saudi officials toward Egyptian companies. The size of the company’s business in Iraq is worth $300m, represented in three projects. This includes a desalination plant in Basra worth $180m with a capacity of 199,000 cubic metres per day.