CAIRO: The Arab Contractors, an affiliate of Ministry of Housing, is implementing mega-projects in Chad with total investments worth 300 million euros($415 million,) in addition to other projects in different African states, Minister of Housing Moustafa Madbouli said late Thursday.
The ministers of housing and agriculture and the deputy foreign minister for African affairs accompanied Prime Minister Ibrahim Mahlab during his two-day African tour, which started with Chad Thursday morning.
Mahlab said in a press statement upon his arrival that his visit to Chad is “very important” as a first step in his tour to other African countries.
“Egypt is ready and willing to increase cooperation with different African States in all areas, namely infrastructure, roads and construction projects,” Madbouli Al-Mal Newspaper reported.
Reiterating the importance of the prime minister’s visit to Chad, Madbouli said it would enhance cooperation ties between Egypt and other African nations. He further noted that the visit comes in light of Egypt’s desire to reinstate its membership in the African Union, which was suspended on July 5 in protest to the overthrow of former president Mohamed Morsi.
The minister also said he would urge Chadian officials to increase the operations of Egyptian companies in Chad, including The Arab Contractors, which he described as one of Egypt’s leading companies in Africa, added Al-Mal.
Mahlab held bilateral talks with his Chadian counterpart in N’Djamena Friday morning, where they discussed the possible ways to promote relations between the two countries, especially in investments, trade, agriculture, oil, as well as increasing Egyptian companies’ contribution in construction, development and infrastructure projects in Chad, MENA reported.