In the current phase,
construction, building and
contracting sector is
playing a major economic
role as one of the principal
basis of development due to
its
effective contribution in
infrastructure completion
such as utilities and
housing.
Construction and building sector
has an important economic
influence. It affects more than
90 industries such as cement,
iron, plaster, painting,
ceramics and wooden
industries...etc. This sector is
also considered one of major
sectors that attracts manpower.
About 8% of total manpower in
Egypt is working in this field.
The National company for
construction and development
(Egyptian holding stock co.),working
under law 203 of year 1991,
is considered one of the
biggest companies in
the field of construction
and building in Egypt. NCCD started its activities
since 1960 under different
names according to the legal
regulations controlling its
frame of work. Finally, it
ended as one of Ministry of
public enterprises companies to
adequate the new economic policy
that depends on the market
mechanism, the quality assurance
and the qualified
competition.
NCCD has 20
companies categorized as
follows : 9 contracting
companies, 1 Foundation
company, 1 company for
Designs and Engineering
consultations, 3 housing
companies, 2 electric
companies, 3 Irrigation and
Drainage companies, 1
company for Agriculture
projects management, this
after selling 10 companies
(6 contracting companies + 2
housing companies + 2
electric contracting
companies). The total
activity revenue during the
fiscal year 2010/2011 is
8.932
milliard pound, which
realized a surplus of
598
million pound, recording
6.7%
of the activity revenue. NCCD and its affiliated
companies have also shares
in some joint ventures.