Egyptian Contracting (Mokhtar Ibrahim) opened a new branch in Kuwait last week, Al-Alam Al-Youm reported.
Ali Abu Halawa, CEO and managing director, said that the company is about to obtain a number of projects there which will be executed in the coming period. The company is studying new investment opportunities in a number of countries including Africa and Gulf countries.
He asserted that, investing abroad is one of company’ plans in the coming period, as real estate sector is affected by private sector intervening in infrastructure projects by PPP system which in turn affected company’s volume of business and profitability. -Arab Finance