CAIRO: The Arab Contractors company, an affiliate of Ministry of Housing, is considering the implementation of a 42-kilometer road project in Tanzania, board member Ashraf Rateb told Al-Mal newspaper Sunday.
“The project is one of the positive results of Prime Minister Ibrahim Mahlab visit to Tanzania during his African tour,” said Rateb, who heads The Arab Contractors’ African Projects Sector.
Mahlab arrived Thursday morning in N’Djamena, the capital of Chad, to begin his two-day African tour, and then headed to Dar es Salaam, capital of Tanzania on Friday where he attended the celebration of the country’s 50th anniversary, according to a Cabinet statement.
This tour represents Mahlab’s first foreign visits to other African countries since he took office last March.
“Tanzania is a new market for The Arab Contractors, and the company is scheduled to finalize the project’s financial evaluation by May 30,” Rateb told Al-Mal.
Further, The Arab Contractors “will visit Uganda by the end of this week to follow up the implementation of its projects there as well as considering the possible ways to increase their operation in this market,” CEO Mohamed Salah told Al-Mal.
The Arab Contractors is also 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 who accompanied Mahlab during his tour told reporters Thursday.
Mahlab discussed Ethiopian Grand Renaissance Dam crisis with the Tanzania’s president after visiting the Egyptian Islamic Center and meeting with Egyptian and Tanzanian businessmen, according to a Cabinet statement.
“Egypt does not oppose the development of African countries, but at the same time wants to preserve its water security,” Mahlab’s official spokesperson Hossam Qaweesh, said in remarks to Mehwar TV channel Friday.
Qaweesh added that the Egyptian government is determined to find a peaceful solution to the Ethiopian Dam crisis.