Cairo – Mubasher: Al Fanar Contracting, Construction, Trade, Import and Export singed an operation contract with Elsewedy Electric’s subsidiary, Elsewedy Electric Trade & Distribution, said Al Fanar in a bourse statement on Wednesday.

By this contract, Elsewedy will install electric towers with a 500 kV capacity at EGP 355,800 in the new administrative city, the statement added.

Earlier, the company signed contracts worth EGP 1.76 million with United Engineering for Construction (UECC) to implement a number of projects at Hacienda Bay-North Coast project.