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Egyptian firm, Arab Contractors Company, eyes a piece of Kenya’s construction pie

REAL ESTATE
By Peter Muiruri | January 7th 2016

Arab Contractors Company, an Egyptian firm and one of the leading construction companies in the Middle East and Africa, is set to begin operations in Kenya following a meeting between its top managers and officials from Kenya’s Roads Ministry late last month.

The bilateral cooperation between the two countries will be concentrated in the fields of roads, bridges, and other general infrastructure opportunities.

According to company officials, the plan is within the framework of the firm’s long-term plan to open new markets on the continent.

“The current area of cooperation with the Kenyan side is in road construction, which will be financed by the Islamic Bank in Kenya. This will be the entry point for the Arab Contractors Company here. Besides, there will be a study to determine how to ease the traffic problem to and from the main airport in Nairobi,” said Ibrahim Mabrouk, head of the company in Africa.

The firm plans to set up shop in Kenya at a time when the government is planning to increase the road network by constructing at least 3,000 kilometres of road during the 2015-2016 financial year.

Competition

The entry of the Egyptian company will see stiff competition for tenders in the sector that has been dominated by Chinese companies.

According to financial reports posted on the company’s website, the firm’s turnover reached $3.2 billion (Sh323 billion) by the beginning of 2015. Their projects’ allocations varied between $1.7 billion (Sh171.7 billion) for roads, $718 million (Sh72.5 billion) for housing and construction, $350 million (Sh35.35 billion) for Infrastructure and $37 million (Sh3.7 billion) for bridges.

The company has a workforce of 77,000 employees working with customers, partners, and suppliers in more than 29 countries.

Apart from housing and main infrastructure projects, the company’s auxiliary works are vast and varied, including public buildings, water and sewer lines, wastewater treatment plants and power stations.

They also include dams, hospitals, sports buildings, restoration of monuments, irrigation, producing ready-mix concrete, shipbuilding, electro-mechanical projects, engineering consultancy, manufacturing and assembly of steel structures. 

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