ArabFinance:  Arab Company for Land Reclamation’s (Arclam) (EALR) ordinary general assembly approved the budget for the fiscal year 2021/2022, targeting a net profit of EGP 1.950 million, according to Arclam’s statement filed to the Egyptian Exchange.

The company allocated EGP 2 million for an investment plan that will finance the rehabilitation and renovation of the company.

Moreover, the revenues targeted by the company is amounting to EGP 112.300 million.

Arclam has been assigned to execute infrastructure works in El Husseiniya worth EGP 1.9 million.  

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.