Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company has been awarded a new contract to establish a water purification plant in Luxor at a value of EGP 270 million.

The plant is planned to have a capacity of 17,000 cubic metres per day, the company said in a statement to the Egyptian Exchange (EGX) on Thursday.

During the first nine months of 2020, the company reported net profits of EGP 78.73 million, up from EGP 46.38 million in the corresponding period a year earlier, including minority shareholders’ rights.