Egypt's Construction Holding Company, a key economic entity in the construction and contracting sector, has approved its budget for the 2026/2027 financial year. The company's general assembly, chaired by Deputy Prime Minister for Economic Affairs Dr. Hussein Issa, adopted the budget, which targets total revenues of 35.7 billion Egyptian pounds, representing a 29% growth compared to the previous year.
Dr. Hussein Issa emphasized that the Construction Holding Company is a strategic entity in the construction and contracting sector, comprising companies operating in various fields such as contracting, real estate development, and consulting services. The company's diverse portfolio and accumulated expertise enable it to play a significant role in supporting Egypt's economic and urban development plans.
The company's strategy focuses on implementing reform and development programs, expanding partnerships with the private sector, and increasing the utilization of its assets. The strategy also aims to enhance the company's financial and operational performance, improve governance, and apply international standards for safety and health.
The Construction Holding Company's subsidiaries are executing various projects in Egypt and abroad, including infrastructure development, housing, and urban development projects. The company's construction companies, such as the Egyptian Contracting Company and the National Company for Construction and Building, are working on several major projects, including roads, bridges, and public buildings.
In addition to its domestic projects, the company's construction subsidiaries are also executing projects in several Arab and African countries, including the United Arab Emirates, Oman, Iraq, and Burkina Faso. This expansion abroad is driven by the company's expertise and specialized capabilities, which enable it to increase its foreign business and diversify its revenue sources.
The company's real estate development subsidiaries, such as Egypt's New Housing and Development Company, are executing several projects in Egypt, including the development of new cities and neighborhoods. These projects aim to provide affordable housing and modern amenities to Egyptian citizens, while also contributing to the country's economic growth.
The Construction Holding Company's role in Egypt's economic development is significant, and its strategic plans and projects are expected to have a positive impact on the country's construction and contracting sector. The company's focus on reform, development, and expansion is likely to enhance its competitiveness and contribute to Egypt's economic growth.
Key points
- The Construction Holding Company targets total revenues of 35.7 billion Egyptian pounds for the 2026/2027 financial year.
- The company's strategy focuses on implementing reform and development programs, expanding partnerships with the private sector, and increasing the utilization of its assets.
- The company's subsidiaries are executing various projects in Egypt and abroad, including infrastructure development, housing, and urban development projects.
