Cairo – Mubasher: El Arabia for Land Reclamation announced that it has been assigned the reclamation work of 1,000 feddans in the 6,000-feddan project in Bahariya Oasis.
The assignment was made by the General Authority for Rehabilitation Projects and Agricultural Development on 21 May for a total value of EGP 31.716 million, the company said in a statement to the Egyptian Exchange (EGX) on Monday.
The company has already started working on the project, the statement added.
During fiscal year 2017/2018, the EGX-listed firm logged a profit of EGP 1.012 million, compared to EGP 1.37 million in the year-ago period.
