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Sunday, 26 June 2016

Arabtec not sure about prospects of Egyptian 100k houses project

Arabtec is still unclear as to “when or if the proposed project to build homes for the Egyptian government will start,” Neil Halligan writes for Arabian Business. Arabtec Construction CEO Raja Jani Ghanma said “the project, which has been scaled back from its original [one mn] houses to 100,000, has seen little progress on the part of the Egyptian government’s Ministry of Housing. Arabtec put forward a proposal to start the project with a little over one-tenth of the reduced project last October, but there has been no confirmation of support from Egypt’s housing ministry.” Arabtec wanted to start off with building 13,000 houses, but the government has not responded to the proposal.

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