ٍSaudi Egyptian Construction Company
Egyptian shareholding company established in 1975 under private international convention between the Government of Arab Republic of Egypt and Kingdom of Saudi Arabia approval was issued after approval of Parliament, Presidential Decree No. 656 for the year 1975 . With a joint capital of 50 million dollar's divided equally between the two government.
And then added to the company's activity tourism investment and It was the company's capital increase to $ 75 million dollars was fully repaid equally between Government of Arab Republic of Egypt and Kingdom of Saudi Arabia.
The company capital was increased to be 318 Million Dollars in 6/2014.
The company relies on real estate investment and tourism in Egypt, necessitating the purchase and sale of territory after be configured for building. It is the establishment of buildings and utilization or sold.
It also holds the establishment of several residential neighborhoods in accordance with the plans approved by the Governing Council.
The company continued its business and implement the policy of the state . Company has established several residential neighborhoods in the new cities and they ( The City of New Cairo – Obour City – 6th of October City ) and in this direction the company have become to always emphasized on its adherence to customers wishes and keep up with the state's policy.
The company implemented since its start in 1975 and until mid-2014, 50 projects with a total of 15,000 units (residential - administrative) investment cost 5.5 billion pounds.
The company is currently implementing a number of new projects 4 (Lake Dream - Secon Residence - Zahret Assiut - Secon Nile Towers) with a total of 1,600 units and an investment cost 3 billion Egyptian pounds.
The company is now taking steps toward several projects to receive their new era of work and diligence and always offer the new to its customers Where they are preparing for the number 3 projects new five-year plan.
• Project'' elreyad secon in New Cairo on an area of 70 acres.
•project '' secon resort New Damietta on an area of 18 acres.
• project dorra assiut in new Assut sity on an area of 12 acres.
The company aspires in this plan the size of investments of up to 5 billion pounds.