
Constec eyes new contracting works worth EGP 3bn in 2021
The Construction and Design (Constec) company has unveiled its expansion strategy for 2021, which includes inking a plethora of contracting agreements for new projects worth EGP 3bn.
The Construction and Design (Constec) company has unveiled its expansion strategy for 2021, which includes inking a plethora of contracting agreements for new projects worth EGP 3bn.
Plant to treat 6,500 cubic metres per day, serve more than 45,000 people
The company achieved EGP 260m in 2016 and is seeking to implement projects worth EGP 500m by end of year
The two buildings will cost EGP 55m over 10 monthsÂ
The profit margins of contracting companies range between 4% and 5%, while banks’ interest rate reaches 20%, says Abdel-Hakam
New Administrative Capital creates thousands of jobs, says CONSTEC executive director