Cairo - Mubasher: Al-Fanar General Contracting, Construction, Trade and Import announced that it has contracted two contracts to implement works in the New Delta project and the Egyptian countryside with a total value of EGP 37.9 mn.

The company said in a statement to the Egyptian Exchange on Wednesday that the first contract includes the implementation of road works worth EGP 18.98 mn in the New Delta Phase 2 project.

The second contract includes the implementation of canal and basin works worth EGP 18.95 mn in the East Rural Egypt project.

She pointed out that the two contracts were signed on March 7.

Alfanar General Contracting, Construction, Trade & Import recorded a net profit of EGP 11.14 mn in 2022, compared to a net profit of EGP 5.75 mn in 2021.

The company's revenues rose last year to EGP 84.6 mn, compared to EGP 57.71 mn in 2021.