The Al-Arjani Group has announced the formation of a new strategic alliance. This collaboration includes its own Sons of Sinai Trading and Contracting Company and the esteemed Chinese construction firm, CSCEC. The alliance is set to undertake ambitious projects both within Egypt and in international markets, aiming to generate a business volume of $500 million in its inaugural year, with projections to reach $5 billion over three years.
Issam Al-Arjani, CEO of Al-Arjani Group, shared these plans during a press conference, highlighting the alliance’s first major undertaking—the Ras Al-Hikma project. Slated to commence by the end of the year or early next year, the project is currently in the master planning and design phase, preparing for the onset of drilling operations.
The alliance’s ambitions extend beyond Egypt, with prospective projects in Libya and the burgeoning Saudi market. Such expansion highlights the group’s strategic vision to capitalize on regional growth opportunities and enhance its footprint in the Middle East and North Africa.
Furthermore, Al-Arjani disclosed to the Al-Arabiya platform that his company has acquired the Bianchi project on Egypt’s North Coast. With investments reaching one billion Egyptian pounds, the first phase of this development is nearing completion, with preparations underway for the subsequent phases.
According to a 2023 report by the International Monetary Fund (IMF), infrastructure investments in the MENA region are expected to grow significantly, driven by governmental initiatives and private sector partnerships. The collaboration between Al-Arjani Group and CSCEC exemplifies this trend, aligning with the IMF’s forecasted economic outlook.
