Cairo - Mubasher: Giza General Contracting and Real Estate Investment Company has received a preliminary award letter for its alliance with a contracting firm to implement infrastructure works in Sheikh Zayed City. 

The initial value of the awarded contract stands at EGP 500 million, the company said in a bourse disclosure on Sunday. 

During the first quarter (Q1) of 2021, Giza General Contracting and Real Estate Investment Company achieved a net profit of EGP 22.29 million, up from EGP 9.86 million in the same period in 2020.