Egyptian contractors have lion’s share of awarded Saudi contracts: Head of EFCBA

Hassan Abdel Aziz, head of the Egyptian Federation for Construction and Building Contractors, told the Daily News Egypt that Egyptian contractors have been awarded a total of over SAR 1.5bn (approximately $400m) worth of contracts in the Saudi market over the past three years, which is the “lion’s share”.

With at least 150 Egyptian key contracting firms operating in the kingdom – the largest Arab economy – Abdel Aziz said the toughest challenge facing these firms is the requirements to have 10% of their technical team of Saudi origin, which is something the federation is working on easing.