Kharafi National’s business volume reaches EGP 2bn in 2019, targeting EGP 5bn worth contracts: Badr

Hossam Mounir
1 Min Read

Ahmed Zaki Badr, chairperson of Kharafi National, said that the company’s business volume in 2019 was approximately EGP 2bn. This came during the signing of a joint loan contract of EGP 750m the company’s infrastructure development.

The company obtained the loan from the SAIB, Export Development Bank of Egypt (EBE), Industrial Development Bank (IDB), and Al Baraka Bank.

He added that the company also targets new contracts of EGP 5bn during the coming period.

He pointed out that the company is engaged in the activity of integrated contracting of infrastructure works and public utilities, in particular water and sewage networks, as well as gas and fuel networks, and construction and operation of power plants and all electromechanical works, and general contracting.

According to Badr, the company has distinguished business with major government agencies such as the ministry of electricity and renewable energy, the ministry of petroleum and mineral wealth, the ministry of housing, utilities, and urban communities, and the new urban communities, in addition to the largest private sector companies operating in Egypt.

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