The projects’ investments which the Engineering Consulting Bureau (ECB) manages and supervises for developers have increased to reach EGP 28, targeting to expand into Africa.
The ECB founder, Mohamed Abdel Ghany, said that the ECB is designing and supervising projects for developers with investments reaching values of EGP 28bn in some new cities, mainly two projects in the New Administrative Capital on 200 feddan and 114 feddan and another hotel administrative project in New Cairo.
The ECB is designing and supervising the implementation of several infrastructure projects in Cairo, Giza, and the New Administrative Capital, noted Abdel Ghany. This is part of the ambitious plan of the ECB to expand in infrastructure services, where the ECB is allied with many global offices.
The ECB plans to have businesses in the African market because it very promising, and the company has already applied for sanitation implementation and road project in three African countries including Rwanda, Kenya and Uganda, indicated Abdel Ghany.
These countries have high growth rates, huge business volumes, and despite the great competition by several countries, especially China, the opportunities of Egyptian companies are great, explain the ECB founder
“The security problems in some Arab countries make African markets a good opportunity for Egyptian companies, especially that most of the projects are funded by international parties who can be trusted, and fierce competition is expected to increase in the coming years, with many of corresponding companies working in the field,” concluded Abdel Ghany.