1.9 billion net profit for the Holding Company for Construction in 2020-2021, with a growth of 51%
Business Hub – Cairo
The General Assembly of the Holding Company for Construction and Development, headed by Hisham Tawfiq, Minister of Public Business Sector, approved Business results for the fiscal year 2020/2021, This was achieved by achieving a combined net profit for the holding company and its subsidiaries, which amounted to 1.9 billion pounds, compared to 1.2 billion pounds in 30/6/2020, with a growth rate of 51%. Activity revenues of EGP 15.3 billion, compared to EGP 15 billion in 2020 and EGP 12.9 billion in 2019.
300 billion pounds investments for affiliated housing companies until 2030
The report of the holding company’s board of directors included, A presentation of the strategic plan of the affiliated housing companies until 2030 to implement major projects, including Heliopark and New Heliopolis (Heliopolis Company for Housing and Development), And the development of the Mokattam Corniche and the central plateau (Al Nasr Housing and Development Company), And the land project located next to the Constitutional Court (Maadi Development and Reconstruction Company), in addition to a number of ongoing and future projects with investments amounting to 300 billion pounds. With revenues for these companies ranging from 150 to 180 billion pounds, This is done through self-development and partnerships with the local and Arab private sector.
18 billion pounds, the volume of contracts for subsidiaries in “A Dignified Life”
As for construction companies, A plan is being implemented to double the volume of its activity over the next five years. This is represented in obtaining the volume of contracts during the current year in the presidential initiative “Dignified Life” amounting to 18 billion pounds, Financial financing is also being arranged for these companies to enable them to complete the ongoing projects. As these companies were supported during the previous fiscal year with a value of 1150 million pounds to enable them to complete faltering projects.
Implementation of contracting projects in Arab and African countries with $500 million
The efforts of the holding company and its subsidiaries have succeeded in obtaining foreign projects worth $500 million in some Arab and African countries such as the Sultanate of Oman, the Emirates, Iraq, Sudan, Mauritania .
An integrated plan is being implemented to develop the South Valley Development Company. It includes the reclamation of 16,000 acres, 4,300 feddans were reclaimed and cultivated, and 4,250 feddans are being reclaimed and cultivated. As well as modernizing the irrigation networks, the areas planted by the company will reach 14,500 acres in October 2022, compared to 75 acres in October 2020. And the operation of the automated slaughterhouse with a capacity of 45 heads / hour, Contributing a 10% stake in the Egyptian Sudanese Company and contracting with it to slaughter 30,000 head of cattle in the Toshka slaughterhouse during the current year. In addition to studying the implementation of other projects such as a livestock breeding project with investments of 100 million pounds in partnership with an investor, And studying the establishment of complementary projects such as a compost factory, curing, meat packing, and others.
