The Egyptian Federation for Construction and Building Contractors offered a number of suggestions to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly in efforts to tackle challenges faced in the construction sector due to the pound flotation.

During a conference on Wednesday, Chairman of the federation, Hassan Abdel Aziz, stated that the suggestions included extending the period for executing current projects for an additional six months, repricing contracts according to the new prices of materials, and urging the ministry to compensate contractors’ loss for the differences in prices.

Abdel Aziz called the ministry to study these suggestions and gain cabinet approval as soon as possible to allow the construction sector to continue building mega and national projects.