Construction and contracting industry plays a prominent role as a fundamental pillar of economic growth, due to its significant contribution in infrastructure development and to the mutual impact with the country's economic growth.
Construction and building sector is a vital part of the economy that is closely linked to more than 90 industries, including cement, steel, plaster, paint, ceramics and wood products...etc. It attracts about 8% of total workforce in Egypt.
The Holding company for Construction and Development (Egyptian holding stock co.), established under law no.203 of 1991, is considered one of the leading companies operating in construction and building industry in Egypt. Since its establishment in 1960, HCCD has operated under various names in accordance with the legislative and regulatory framework governing its activity, in order to cope with the new economic policy based on market mechanisms, quality assurance and competitiveness.
Hccd owns 10 companies categorized as follows: 5 contracting companies, 1 company for Designs and Engineering consultations, 3 housing companies, 1 electrical contracting company.
The Holding company for construction and development and its subsidiaries are shareholders in several joint venture companies.