Egypt's Redcon targets business worth $168mn by 2017

Egypt-based Redcon Construction Company aims to expand its volume of business in the Egyptian market to reach 1.5 billion Egyptian pounds (US$ 168 million)by 2017 through the burgeoning local business, its chairman Tarek El-Gammal said Thursday.

He added that the company is planning to increase its volume of business through implementing more infra-structure and renewable energy projects. In addition, it aims to widen its business of building big administrative building.

Furthermore, REDCON has concluded total contracts worth 1 billion Egyptian pounds in 2016 in comparison to 750 million Egyptian pounds with an increase of 25 percent.

Since its establishment as a company, REDCON has implemented over 125 projects for major companies, including Emaar, Al-Futtaim, Palm Hills, Al-Kharafi, Zayed Bin Sultan Al-Nahyan Charitable and Humanitarian Foundation, and Almarai for Dairy.