NCCW at a glance
Nasr Company for Civil Works (NCCW)
The company is a member of the Egyptian Federation for Construction & Building Contractors (Registration No. 163, dated November 17, 1999).
- It holds a First-Class classification in water and sewage plants and networks, gas and fuel networks, public works, thermal power plants, and building construction (integrated).
- A Third-Class classification in electromechanical works and telecommunication networks.
- And a Fourth-Class classification in roads, bridges, railways, airports, and tunnels.
Company Objectives
- Execution of irrigation works, including: reservoirs, sluices, barrages, stations, pumping units, field irrigation and drainage systems, canals, etc.
- Bridge construction of all types.
- Tunnel, port, and marine project construction.
- Utility infrastructure works, including: sewage treatment plants, drinking water purification plants, water reservoirs, networks, etc.
- Electrical works, including power plants, transformers, and the construction of transmission networks.
- Public buildings, general construction, and residential buildings.
- Construction and outfitting of hospitals and hotels.
- Road and railway works.
- Land reclamation and associated infrastructure.
- Real estate and tourism investment—including the purchase, sale, or subdivision of land (following reclamation or preparation for construction), as well as the construction, utilization, and sale of buildings (whether independently or in partnership with others)—and the undertaking of engineering design work related to these activities. Additionally, the company engages in the manufacturing, operation, and trading of all supplies and materials required for the contracting industry and related activities, whether within the Arab Republic of Egypt or abroad, on a cash, credit, or leasing basis.
- Furthermore, the company may engage in any other activities falling within the general scope of contracting. It is also permitted for the company to hold an interest in, or participate—in any manner—with entities that conduct business similar or complementary to its own, or that assist it in achieving its objectives, whether domestically or internationally.
When and how was the company founded?
The Company was established pursuant to Presidential Decree No. 259 of 1965, in accordance with the laws in force in the Arab Republic of Egypt. It is subject to the provisions of the Joint-Stock Companies Law No. 159 of 1981 (as amended by Law No. 3 of 1998) and its executive regulations, as well as the provisions of Law No. 95 of 1992 (Capital Market Law) and its executive regulations. The Company was registered in the Commercial Register (Cairo) under No. 181572 on March 29, 1977.
The Company was listed on the official lists of the Cairo and Alexandria Stock Exchanges on December 7, 1997.
In implementation of the government’s program to broaden the ownership base, the sale of a majority stake in the Company via a public offering on the stock exchange was announced. On May 30, 1998, the sale of 70.67% of the Company’s shares was executed; consequently, the Company ceased to be subject to the provisions of the Public Business Sector Law No. 203 of 1991 and its executive regulations, as the public sector’s shareholding fell below 51%.
Accordingly, an Extraordinary General Assembly meeting was convened on June 30, 1998, to approve amendments to the Company’s Articles of Association to ensure compliance with the provisions of the Joint-Stock Companies Law No. 159 of 1981 (as amended by Law No. 3 of 1998) and its executive regulations.
The Company became an Egyptian joint-stock company effective June 30, 1998.