Egyptian Contracting Company Wins $37.7 Million USD Pipeline Contract in Abu Dhabi

4 Sep 2012 by OOSKAnews Correspondent
CAIRO, Egypt

The Egyptian Contracting Company (Mokhtar Ibrahim) won a $37.7 million USD water pipeline project in Abu Dhabi, company officials announced last week. The contract is for construction of a 900-millimeter-diameter water pipeline to connect water from al Falah region to the Bani Yas region. “By winning this contract the company has managed to overcome the difficult economic circumstances in the domestic market,” Egyptian Contracting Company said in a statement. It beat out 13 companies from India, China, Spain, and Austria for the project. With the market in Egypt uncertain due to political instability, the company is looking to Arab markets outside the country to make up for the decline in its revenues...

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