Egyption Construction Firm Plans to Establish $280 Million Port in Nigeria

arab cThere has been recent growth, in terms of businesses owned by Arab nations in Nigeria and this apparently has sparked further commitment to enhance Nigerian-Arab business relations.

Plans to set up a port worth 2.2 billion Egyptian pounds ($280 million) in Nigeria have been finalized by an Egyptian State owned construction firm known as Arab Contractors (AC). According to the chairman of the firm, Mohammed Mohsen Salah El Din (Mohsen Salah), all agreements have been reached to kick-off the establishment of the port.

While speaking at a press briefing, Salah said that the AC are also planning to carry-out another project within the major cities in Nigeria which will cost them 1.7 billion Egyptian pounds as part of an effort to promote business opportunities in Nigeria.

AC, a widely reputable firm within the Middle East and North Africa, confirmed a promising future for the company in Nigeria, Lake Chad and Equatorial Guinea. They will focus on road construction and other infrastructural commitments.