Arab Contractors implement $2 bln projects in Africa
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CAIRO: Arab Contractors Company Deputy Head and the official responsible for the African file Ashraf Rateb said Thursday that the company has projects worth $2 billion in 18 countries in Africa, Mubasher reported.

Rateb added that among the projects that will be completed soon is a bridge in Ivory Coast that will be complete by the end of November.

Rateb told Youm7 that the project’s cost is $38 million and President of Ivory Coast Alassane Ouattara will inaugurate it. He said the bridge links the capital Abidjan and Jacqueville City.

Rateb added that the company is as well working on a project that should be completed by next June: the building of Chad’s Ministry of Foreign Affairs. He said that project will cost $90 million and will be in the capital N’Djamena.

The Arab Contractors company, an affiliate of Ministry of Housing, is considering the implementation of a 42-kilometer road project in Tanzania, Rateb told Al-Mal newspaper late April.

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 Ibrahim Mahlab during his tour, told reporters.

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.

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