Egypt's Construction Holding Company, a strategic entity in the construction and contracting sector, has set ambitious targets for the 2026/2027 financial year. The company's board of directors, led by Lieutenant General Engineer Mohamed Mustafa Labban, met with the General Assembly to discuss the company's budget. The meeting was attended by Dr. Hussein Eissa, Deputy Prime Minister for Economic Affairs, and representatives from the Central Agency for Public Mobilization and Statistics and the Ministry of Finance.
Dr. Hussein Eissa emphasized the company's importance in supporting Egypt's economic development plans, particularly in the construction and infrastructure sectors. He highlighted the company's diverse portfolio, which includes contracting, real estate development, and consulting services. The company's strategic plan focuses on implementing reforms, expanding partnerships with the private sector, and increasing efficiency.
Lieutenant General Engineer Mohamed Mustafa Labban presented the company's budget, which targets 35.7 billion EGP in revenues and 5.9 billion EGP in profits. This represents a 29% increase in revenues and a 57% increase in profits compared to the 2024/2025 financial year. The company's strategy includes a comprehensive plan for reform, development, and maximizing the use of its assets.
The company's plan includes several key initiatives, such as restructuring its subsidiaries, settling outstanding projects, and enhancing its human resources. The company also aims to improve its governance and internal control systems, implement health and safety standards, and continue its digital transformation.
The company's subsidiaries are working on various projects, including real estate development projects in New Cairo and other areas. The company's contracting subsidiaries are working on infrastructure projects, including water and sewage treatment plants, roads, and schools. The company is also involved in several major projects, including the "Hayat Karima" and "Sakan Lil Masriyen" initiatives.
The company's expansion strategy includes increasing its presence in international markets, particularly in the Arab and African regions. The company's contracting subsidiaries are currently working on projects in several countries, including the United Arab Emirates, Oman, Iraq, Yemen, and Burkina Faso.
The company has also made progress in its privatization plans, with six of its subsidiaries listed on the Egyptian Stock Exchange. The company aims to increase its private sector participation and enhance its role in the capital market. The company's targets for the 2026/2027 financial year reflect its commitment to growth, development, and increasing its contribution to Egypt's economy.
Key points
- The company targets 35.7 billion EGP in revenues and 5.9 billion EGP in profits by 2026/2027.
- The company's strategy includes implementing reforms, expanding partnerships with the private sector, and increasing efficiency.
- The company aims to increase its presence in international markets, particularly in the Arab and African regions.
