Arab Finance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company has signed an EGP 19 million addendum to its earthworks contract in Ras El Hekma, raising the contract's total value to approximately EGP 30.6 million, as per a disclosure.
The additional work supplements the original agreement, which was valued at approximately EGP 11.6 million and disclosed on September 3, 2026.
In September, Al Fanar signed a contract to execute carpentry, steel fixing, and finishing works for the Wadi Yemm project within the Ras El Hekma development in Marsa Matrouh.
Established in 2009, the company provides engineering, procurement, construction, and electro-mechanical contracting for buildings, roads, tunnels, sewerage systems, power, and water projects. It carries out renovation, rehabilitation, painting, and foundation works, and offers landscaping services.
