Cairo – Mubasher: Al Fanar Contracting, Construction, Trade, Import and Export announced signing an agreement with Hassan Allam Sons for Construction.

Under the deal signed on 18 August, Al Fanar will implement the installment works for the irrigation system, including the civil works, for a value of EGP 4.95 million in the South Valley Development Project (Toshka), according to a bourse disclosure on Wednesday.

During the first six months of 2020, the company incurred net losses of about EGP 47,890, against net profits of nearly EGP 994,600 in the year-ago period.