Al Fanar pens EGP 37.9M construction works contracts
Updated 3/8/2023 11:37:00 AM
Arab Finance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) has signed two initial contracts to carry out works in the New Delta and the East Egypt Rural Development Project with a total value of EGP 37.9 million, according to a filing to the bourse on March 8th.
The first contract includes the implementation of road works worth EGP 18.98 million in the New Delta Project, Phase 2.
The second contract includes the implementation of canal and basin works at a value of EGP 18.95 million in the East Egypt Rural Development Project.
The two contracts were initially inked on March 7th, 2023.
Al Fanar is an Egypt-based company, operating within general contracting, construction, trade, import, and export, in addition to, land reclamation and land division.
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