Construction, building and contracting sector is playing a major economic role as a key driver of growth due to its significant contribution in infrastructure completion and due to the mutual influence between this sector and economic growth in any state.
Construction and building sector has been a vital sector for economy. 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 attract manpower. About 8% of total manpower in Egypt is working in this sector.
The Holding company for construction and development (Egyptian holding stock co.), working under law 203 of year 1991, is considered one of the leading companies in construction and building industry in Egypt. Hccd 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 Business Sector companies to cope with the new economic policy that depends on market mechanism, quality assurance and competitiveness.
Hccd owns 11 companies categorized as follows: 5 contracting companies, 1 company for Designs and Engineering consultations, 3 housing companies, 1 electric company, and 1 company that returned to the State after Judicial rulings, and followed the Holding company for Construction& Development : Omar Effendi.
The Holding company for construction and development and its subsidiaries are shareholders in several joint venture companies.