Concord for Engineering and Contracting signed a partnership agreement with UAE’s Bin Wanis General Contracting, Maintenance, and Property Management Company L.L.C. to establish a major contracting company in Egypt, Invest-Gate reports.

The new company is planned to implement huge development projects in Egypt and expand in the Arab and African markets, thanks to the great experience of its founders. Additionally, the new company copes with the government’s policy to increase Egyptian construction exports.

The new company, Concord UAE, is set to start its operations within four months of the contract’s signing date. It will focus on contracting, tunnel constructions, railways, and road projects in Egypt, the UAE, and Africa.

Ali Salem Al Kaabi, owner of Binwanis General Contracting, stated that the partnership helps transfer the expertise of both companies to the Arab and the African markets, and contributes with high added value.

For his part, Concord’s chairman, Ahmed El-Abd, commented that his company’s strategy targets regional expansion to transfer the company’s expertise in the construction of major projects promptly and with the highest quality.

Concord is a pioneer engineering and contracting contractor in mega-scale projects. Focused primarily on infrastructure including transport, micro-tunneling, water and wastewater, construction, as well as high-end commercial projects.

It is worth noting that the partnership agreement was signed on June 15, 2023, by Ali bin Salem Al Kaabi, owner of Bin Wanis General Contracting, Maintenance, and Property Management Company L.L.C., and Ahmed El-Abd, Chairman of Concord for Engineering and Contracting.