National for Construction & Development

Established in 1992 with the start of the privatization program in
Egypt. It is one of the state-owned holdings, specialized since
its startup in the contracting sector, to which were added lately
the real estate companies, part of the tourism holding .
The Holding is to divest its whole portfolio of 18 companies in the
real estate sector to strategic investors or on the stock
exchange, whereas the 3 real estate companies attract a large
number of investors, due to their prime land assets.
In February 2008, the Prime Minister, Mr. Ahmed Nazif, issued a
decree to merge the Holding Company for Trade with its claims
and obligations into the Holding Company for Building and
Construction and transfer its construction affiliates to the
Holding Co. for Building & Construction while shifting the trade
companies to other holdings.