December 31, 2013

AC is Executing New Projects in Algeria Worth 99 Million US$

Prime Minister of Algeria Abdel Malek Sellal launched the project of the development of the industrial zones in Ain and Sarah in Galfa – Algeria. He expressed his happiness for having a fruitful cooperation with the Arab Contractors Company the project executing company which is considered one of the mega contracting companies in the Arab World and Africa. Eng. Mohsen Salah – AC Chairman stated that it is a joint venture with the Algerian company KOU GC with a total value 58million US$. It is one of the governmental plan projects to build 42 industrial zones in different states under the supervision of the Ministry of Industrial Development and Investment Promotion through Intermediation and Land Regulation National Agency "ANIREF". Eng. Sherif Habib – Vice Chairman said that the project is built upon 1000 feddans and will be accomplished within 24 months. The project scope of work: main networks of the industrial zone including drainage, water feeding, gas, external lighting, electricity, telecommunication and roads. On the other hand Eng. Sherif Habib declared that the AC awarded the development and networks in the industrial zone in Bukhari Palace – State of Medea  with a total value 41million US$ JV with the Algerian company KOU GC.