Arab Contractors has 7 projects in Africa for $400M



Sun, 23 Dec 2018 - 01:29 GMT


Sun, 23 Dec 2018 - 01:29 GMT

FILE – Arab contractors company

FILE – Arab contractors company

CAIRO – 23 December 2018: The Arab Contractors Company acquired seven road projects in Africa, including three projects in Uganda and four projects in Cameroon with an estimated value of $400 million.

Head of African Projects Sector at the company Ibrahim Mabrouk said that road projects account for the largest share of the company's total volume in Africa.

He added that the Arab Contractors Company has already begun the insurance procedures for the receipt of the work site of the project of Stiegler George Dam, the largest dam in Tanzania, and recently signed a consortium with Elsewedy Company at a cost of about $2.9 billion.

Mabrouk pointed out that the consortium aims to provide a good model for work in Tanzania through the establishment of the dam project, drawing on its technical expertise.

The dam will be built on the Basin of Rufiji River as an important national project to generate power. Stiegler's Gorge Hydroelectric Power Station is expected to produce 5,920 GWh of power annually to fill the electricity and energy shortage in the country.

He said that, as per the contract on the Tanzania dam project, the total contracts of his company within the African continent rose to $5 billion, compared to $2 billion during the last period.

The Arab Contractors Company is looking forward to increasing its business in African countries in the coming years and focus on competition in major infrastructure projects, Mabrouk pointed. He added that the company enjoys strong relations with African countries and works to achieve its objectives of expanding the size of business.

On Dec. 12, Prime Minister Moustafa Madbouli and President John Magufuli attended the signing ceremony of the agreement on setting up a dam on the Basin of Rufiji River in Tanzania, at a total cost of $2.9 billion.

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DAR ES SALAAM, Dec 12 (MENA) - Egyptian Prime Minister Moustafa Madbouly and President John Magufuli on Wednesday attended the signing ceremony of an agreement on setting up a dam on the Basin of Rufiji River in Tanzania. Stiegler's Gorge dam will be constructed by the Egyptian Arab Contractors Company at a total cost of $2.9 billion.

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