Arab Contractors sign US$80m contract for 3 Algerian industrial zones
The Arab Contractors (AC), one of the leading construction companies in the Middle East and Africa, has been approved by the Algeria government to implement three major industrial zones in the country.
Chief Executive of the Arab Contractors, Ashraf Rateb, says the company is implementing water utilities alongside other infrastructure works for the three major Algerian industrial zones at total cost of US$180 million.
However, the Egyptian company has clarified that the first and second phases of the industrial zones will be delivered in the next coming phase, with the entire works in the Algerian industrial zones project expected to be completed by the end of 2017.
In addition, Arab Contractors is currently increasing its involvement in African markets through more projects, especially in the road and housing sectors
AC has signed a contract with the Algerian authorities worth around US$50-60 million for another mega housing project in the Algerian capital, with the aim to provide around 1,500 units.
The Arab Contractors (AC) is a well-known diversified company covering a very wide spectrum of the construction industry. Ancillary services include public buildings, bridges, roads, tunnels, airports, housing, water and sewage projects, wastewater treatment plants, power stations, dams, restoration of monuments, irrigation, ready-mix concrete, shipbuilding, electromechanical projects, engineering consultancy, and manufacturing and assembly of steel structures.
Read the full article here: http://constructionreviewonline.com/2014/08/18/arab-contractors-wins-contract-worth-us80m-build-3-key-industrial-zones-algeria/