Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE by the end of 2016, announced its chairperson, Fayek El Banna, reported Amwal Al Ghad.

The new branches are part of the company’s expansion strategy to gain more presence in the region and eventually double its volume of business, said El Banna.

The company is aiming to generate a business volume worth EGP 500 million from business abroad.

There are currently two branches of the company in Saudia Arabia and Kuwait.