Dr. Al-Ganzoury Met Eng. Ibrahim Mahlab

Prime Minister, Dr. Kamal Al-Ganzoury, received Eng. Ibrahim Mahlab, President of Arab Contractors Co. who presented a full report on the company’s situation and its financial solvency as well as the great development witnessed in the company.

The meeting tackled projects of the company in the Arab and African countries, and its projects abroad which contributed in returning relations in many African countries. The meeting reviewed development of the company’s capital reached EGP 4 billion and 800 million, where the company considers as one of the largest contractors companies at the regional and Arab countries level and 72,000 are working therein.

Dr. Al-Ganzoury was assured of the company’s strong investments within the current economic conditions, and expansion witnessed in the external projects which lead to absorption of human resources and equipments despite of reduction of the company’s activities inside Egypt. Dr. Al-Ganzoury thanked employees over efforts carried for Egypt.

The meeting covered development plan on the Future City land on 11,000 acres on Suez Road owned by the Egyptian banks represented in Al-Ahly, Egyptian, Misr and National Investment Banks and the Arab Contractors Co. Dr. Al-Ganzoury called for the necessity of starting such project immediately due to its positive impact in attracting internal investments for the company, growing the company’s activities volume, and increasing expansion.