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السبت, 25 مايو 2024 | 1:23 مساءً
إعلان طولي جانبي
إعلان طولي جانبي

Constec eyes transactions worth EGP5bn in 2022

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Construction & Design “Constec” announced the signing of deals with leading public and private institutions to carry out projects at a cost of EGP3bn in the early months of 2022.

The announcement came during an Ifter party organized by the company with the attendance of 250 seniors at various departments, together with engineers and workers.

While minding its workers as members of one team, Constec is keen on keeping the staff members in contact with each other all the time with the aim of preserving the reputation of Constec and maintaining its clients’ trust it built over 30 years during which it accomplished numerous top-notch trademarks and projects.

During the event that helped bring the staff together, employees who made excellent results in 2021 were honored. Additionally, the company unveiled its strategic plans for the upcoming period, along with positive outcomes that the company managed to bring about in the face of myriad headwinds that buffeted the reconstruction and building sector in the previous years.

General Manager at Constec Eng. Alaa Abd El Aziz disclosed the company’s inclination to ramp up the transactions by late 2022 to EGP5bn.

Constec, he added, has the manpower and expertise necessary for executing projects worth EGP20bn a year. “That’s what is planned to take place in the upcoming period once normalcy is restored and existing tumultuous circumstances calm down,” as the challenges that buffeted the Egyptian economy lately include coronavirus pandemic as well as the unstable prices that were unleashed by the Russian-Ukrainian crisis.

The company upholds a new strategy for upgrading its administrative and executive policies, together with carrying out the most sophisticated governance, with a special focus being placed more on the latest technologies in administration and implementation, as well as on honing the workers’ skills and revamping the equipment and machines so as to accomplish the targeted goals as efficiently as possible, notably expanding the implementation of mega projects and taking part in the execution of high-profile works such as towers, in keeping with the innovative styles and high quality, he explained.

Adherence to schedule and sticking to high-quality in implementation tops Constec’s goals, a feat that helped the company preserve the trust of its major clients, including leading private companies, such as SODIC, Tatweer Misr, Misr Italia, etc. along with numerous state-owned companies.

The company, he noted, enjoys credit facilities of more than EGP1bn to use when entering into new transactions, thanks to the lenders’ unflinching confidence in the company’s seriousness and expertise of its founders.

With it employing 300 workforce, Constec seeks to hire more than 3,000 in the span of 3 years, as it has in place a plan for expanding in Egypt and abroad, along with the implementation of myriad projects domestically, he elaborated.

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