Construction and Design (Constec) plans to raise the volume of annually achieved work to EGP 20 bn, Invest-Gate reports.

Alaa Abdel Aziz, general manager of Constec says, “The company develops administrative and executive policies and depends on the latest technology methods in management and implementation field, besides raising the efficiency of workers and equipment to reach the company’s targeted plans.”

Additionally, the company has credit facilities exceeding EGP 1 bn that can be increased with new acquisitions, as well as the confidence of banking institutions, which motivates the company to expand abroad.

Early 2022, Constec signed EGP 3 bn contracts to implement projects across the major public and private sectors and aims to reach EGP 5 bn by 2022-end.

“The company achieved good results last year and aims to expand the implementation of the major projects and participate in the implementation of distinguished work like towers, roads and bridges,” Abdel Aziz explains.

It is worthy to mention that Constec has 300 employees as direct employment and targets 3000 employees and 5000 indirect workers -set to double- within the next three years. The company’s expansion plan is to implement diverse projects in Egypt and abroad.