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FINANCIAL NEWS
Egypt-CONSTEC to set up projects worth EGP300-500mn
04 May 2017
(MENAFN) The Construction and Design (CONSTEC) Co. proclaimed that it will establish projects worth EGP300-500mn amid the fiscal years 2017/2018.
Moreover, the targeted value of next year’s projects may increase amid the coming months due to the launch of new megaprojects by the government.
Additionally, almost 2.000 construction firms were closed because of the reduction of projects, which were a result of the increase of costs.
Meanwhile, the firm collected 15 percent of its annual budget to arrange training sessions for its workers and will hire more workers to make a state of competitiveness for the new projects.
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MENAFN0405201700450000ID1095450687
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