Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company has been awarded a new contracting project worth EGP 1.37 billion.

The company will implement the infrastructure project over an 18-month period, according to a bourse filing on Monday.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company's net profits decreased to EGP 67.03 million, compared to EGP 78.73 million in the year-ago period.