Arab Finance: Deputy Prime Minister for Economic Affairs Hussein Eissa chaired the general assembly meeting of the Holding Company for Construction and Development (HCCD) to approve its budget for fiscal year (FY) 2026/2027.
Eissa highlighted HCCD’s diversified portfolio spanning contracting, real estate development, consultancy services, and asset management, noting that it enables the company to support Egypt’s economic and urban development plans and participate in major projects across various sectors.
He affirmed that the company’s activities contribute to the state’s efforts to develop infrastructure, urban areas, and public services, while strengthening its subsidiaries’ ability to capitalize on opportunities in local and international markets.
Under the approved budget, HCCD targets total revenues of EGP 35.7 billion, up 29% from the actual figures recorded in FY2024/2025. The group also aims to achieve a net profit of EGP 5.9 billion, representing annual growth of around 57%.
The meeting also reviewed HCCD’s participation in the government’s EGX listing program. Temporary listings have been completed for six subsidiaries, in line with Egypt’s State Ownership Policy, strengthening the role of capital markets and increasing private-sector participation in economic activity.
