Egyptian company for implementing BOT projects 30 million LE

A group of Egyptian companies working in the field of construction decided to establish a new company to run and implement projects on the BOT (build- operate- transfer) system in Egypt and the Arab states with 30 million LE in capital that will named "Alexandria for investment and development."

The company will implement two projects to establish and run two garages on the BOT system in Alexandria at a total cost of $225 million.

It is decided to finish work on the two projects within two years.

The Arab Contractors Company, Alexandria for commercial centers, Mena Engineering Investments, the Egyptian Company for Construction and the Egyptian Ahli Bank are contributing in this new company.