Giza General Contracting wins EGP 300M contract in Alexandria
Updated 2/14/2021 10:51:54 AM
ArabFinance: Giza General Contracting and Real Estate Investment Company (GGCC) has been assigned to construct a new building in Alexandria, according to the company’s February 14th statement to the Egyptian Exchange.
The initial value of the new contract amounted to EGP 300 million.
Earlier, the company won an EGP 600 million contract in New Mansoura City to build 55 luxurious residential buildings.
The listed company reported a 37% Year on Year decline in its consolidated net profit in the first half of 2020, recording EGP 25.17 million, compared to EGP 40.06 million in the same period of 2019.
Giza General Contracting is an Egypt-based public shareholding company that operates in the construction and engineering industries sector.
The company is primarily involved in general contracting activities; operation, manufacture, and trade in all requirements of the contracting industry.
