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EMAC seals EGP 3.1m Toshka contract with Mokhtar Ibrahim

EMAC seals EGP 3.1m Toshka contract with Mokhtar Ibrahim
Photo Credit: Arabianeye-Reuters
EMAC
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The International Group for Construction and Real Estate Investment (EMAC) has signed a contract worth EGP 3.1 million with Egyptian Contracting Co. (Mokhtar Ibrahim).

Under the agreement, EMAC will carry out all the supply work related to a concrete mixing plant for the first construction stage of the New Valley Project, or Toshka, in Egypt’s Western Desert.

Mokhtar Ibrahim posted net profits of EGP 598,700 in 2014.

The company is capitalised at EGP 10 million, distributed across 10 million shares at EGP 1 par value each.