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El Arabia Land Reclamation awarded 3 projects worth EGP 27m

El Arabia Land Reclamation awarded 3 projects worth EGP 27m
Photo Credit: Arabianeye-Reuters

Cairo-Mubasher: El Arabia for Land Reclamation said on Monday it won three projects at a total value of EGP 26.5 million.

The company said in a bourse statement that the first project is to complete the industrial operations on branch 1, 2 Toshka in the South Valley development project at a total value of EGP 8.97 million.

The second project worth EGP 14.6 million is to complete the establishment of branch 2 from km 23 to km 24, while the third project worth EGP 2.9 million is to remove weeds.

The company operates with EGP 26 million in capital, divided into 5.2 million shares at a par value of EGP 5 each.