New Investments In NCCD

 In order to contribute in the development of Upper Egypt and South Valley as a national objective for the agriculture, industrial and touristic development, as well as the creation of new job opportunities , the National Company for Construction and Development (NCCD) participated in the establishment of 3 new companies:

1-      Upper Red Sea company for Investments and development: NCCD has a share of 80% with registered capital 200 million pound., and issued capital 50 million pound, NCCD share is equivalent to 40 million pound fully paid.

2-      National Company For Cement Production: with registered capital 2 milliard pound, and issued capital 1.6 milliard pound, NCCD share is 10% equivalent to 160 million pound.

3-      Egypt Fund for  Finance and Investment: with registered capital 100 million pound, and issued capital 30 million pound, NCCD share is 12.5% equivalent to 3.750 million pound, in addition, NCCD bought funds in Egypt Fund for Finance and Investment  amounted to 150 million pound from which 60 million pound is paid according to the approved schedule.