Arclam assigned for infrastructure works in El Husseiniya

Updated 4/1/2021 1:55:00 PM

ArabFinance:  Arab Company for Land Reclamation (Arclam) (EALR) has been assigned to execute infrastructure works in El Husseiniya worth EGP 1.9 million, according to the company’s April 1st statement to the Egyptian Exchange.

Earlier, the company announced its target to achieve a net profit of EGP 1.950 million for the fiscal year (FY) 2021/2022.

The company logged EGP 633,458 net profit in 2020, compared to EGP 73,456 in 2019.

Arclam is active in land reclamation and division; real estate purchase, sale, and development; housing development and management of coastal, inland, and agricultural properties, and general contracting in the coastal and desert areas.