Major General Engineer Mohamed Moustafa, Executive Managing
Director of the Holding Company, presented the board's report and the draft
budget to the assembly. The document aligns with the Ministry of Public
Business Sector’s strategic vision, which draws from Egypt Vision 2030, the
government’s national action plan, and the State Ownership Policy Document. The
proposed budget sets a target of EGP 33.4 billion in total revenues and EGP 4.7
billion in projected net profits, as part of an ambitious strategy to enhance
performance and boost the competitiveness of the group’s subsidiaries at
regional and international levels.
Shimi affirmed that maximizing asset returns and expanding
regionally through well-planned strategies are top priorities in the upcoming
period. He underlined the need to strengthen partnerships with the private
sector as a central pillar of the company's strategic direction. He also
pointed out that integration among affiliated and sister companies represents a
core strength that should be leveraged to maximize resources, support national
megaprojects, and achieve more efficient financial and operational outcomes.
He further emphasized the importance of adhering to
principles of quality, sustainability, governance, internal control, and
digital transformation to enhance the company's competitiveness and efficiency.
He highlighted the need to invest in human capital, make optimal use of real
estate assets owned by subsidiaries, and continue implementing occupational
safety systems and the ERP system to ensure transparency and efficiency.
Performance will be continuously monitored through clear and measurable KPIs to
support institutional excellence.
The Holding Company for Construction and Development plays a
vital role in national development initiatives, including its contribution to
the presidential “Decent Life” initiative aimed at developing rural
communities. The company is also involved in executing water and sewage
infrastructure projects, bridges, power lines, and premium residential developments
such as Maadi View El Shorouk, Maadi Valley, Sea Pearl New Mansoura, as well as
the development of Mokattam Corniche and New Heliopolis City.
The Holding Company places environmental sustainability
among its top priorities. It contributes to projects that protect Alexandria’s
coastline, expand water treatment facilities, and upgrade sanitation
infrastructure—efforts that support Egypt’s national goals for environmental
protection and sustainable development.
The Holding Company also supports projects executed by
subsidiaries affiliated with other holding companies. These include the
development of El Nasr Automotive Company (under the Metallurgical Industries
Holding Company), new textile factories in El Mahalla, Kafr El Dawar, Damietta,
Dakahlia, and Minya (under the Cotton and Textile Industries Holding Company),
as well as the development of Jaz Assilah Resort in Marsa Alam (affiliated with
the Tourism and Hotels Holding Company), and several pharmaceutical companies
under the Pharmaceuticals Holding Company.
The subsidiaries of the Holding Company are also involved in
regional expansion projects, with ongoing operations in countries such as Oman,
Abu Dhabi (UAE), Iraq, Yemen, and Guinea. These efforts reflect the company’s
strategic goal of reclaiming regional leadership in the fields of construction
and real estate development.
The Holding Company’s subsidiaries operate across a wide
range of sectors, including general contracting, real estate development and
housing, electrical works, engineering consultancy, agriculture, asset
management, and investment.