The Egyptian Holding Company for Construction and Building has approved its estimated budget for the 2026/2027 financial year. The company's board of directors, led by Lieutenant General Engineer Mohamed Mustafa Labban, met under the chairmanship of Dr. Hussein Eissa, Deputy Prime Minister for Economic Affairs. The meeting was attended by representatives from the Central Auditing Agency and the Ministry of Finance.
Dr. Hussein Eissa emphasized that the Holding Company for Construction and Building is a strategic entity in Egypt's construction, contracting, and building sector. The company comprises several subsidiaries operating in contracting, real estate development, consulting services, and asset management. With its accumulated expertise and technical capabilities, the company plays a vital role in supporting Egypt's economic and urban development plans.
Lieutenant General Engineer Mohamed Mustafa Labban reviewed the company's consolidated budget for the 2026/2027 financial year. The company aims to achieve 35.7 billion EGP in revenues, representing a 29% growth compared to the 2024/2025 actual figures. The company also targets a net profit of 5.9 billion EGP, representing a 57% growth compared to the previous year.
The company's strategy focuses on reform, development, and maximizing the utilization of its subsidiaries' assets and capabilities. The plan includes restructuring the finances of subsidiaries, settling historical projects, and enhancing the company's performance and efficiency. The company also aims to expand its business, partnerships, and presence in external markets.
The company's subsidiaries are executing various projects and partnerships in Egypt and abroad. These projects include real estate development, infrastructure, and industrial projects. The company is also participating in several national projects, including the presidential initiatives "Hayat Karima" and "Sakan Lil Masriyen".
The company's expansion into external markets is driven by its technical expertise and specialized capabilities. The company's subsidiaries are executing projects in several Arab and African countries, including the United Arab Emirates, Oman, Iraq, Yemen, and Burkina Faso.
The company is also contributing to the government's privatization program through the Egyptian Stock Exchange. Six of its subsidiaries have been temporarily listed as part of the program, aiming to broaden the base of ownership and enhance the role of the capital market.
Key points
- The company targets 35.7 billion EGP in revenues and 5.9 billion EGP in net profit for the 2026/2027 financial year.
- The company's strategy focuses on reform, development, and maximizing the utilization of its subsidiaries' assets and capabilities.
- The company is expanding its presence in external markets, driven by its technical expertise and specialized capabilities.
