The alliance came together to execute infrastructure works in Sheikh Zaid at an initial cost of EGP500mn

Sheikh Zaid,Giza General for Contracting & Property Investment

Sunday, 25 July 2021
Chairman and Chief Editor
Bedour Ibrahim

In Sheikh Zaid City

GGCPI joins alliance executing a EGP500m project

Giza General for Contracting & Property Investment received a primary award letter to mark its alliance with a contracting company.

According to a stocK exchange statement, the alliance came together to execute infrastructure works in Sheikh Zaid at an initial cost of EGP500mn. 

According to GGCPI's financial statements, the company's profits edged up during the first quarter of 2021 by 126% to EGP22.29mln, up from EGP8.8mln in the same period last year taking into account the minority rights.

The company's revenues rose during the period to EGP288.2mln, up from EGP249.39mln in 2020.   

According to its standalone works, the company recorded EGP22.35mln in the first quarter of this year, up from EGP9.81mln in 2020.