Red sea general contracting and real estate investment is a Joint Stock Company affiliated to the National Company for Construction & development. it was established in 9/3/1964 , by virtue of the competent minister resolution no 332 .
The Company assumes the execution of all buildings and construction of public and private project underground stores and engineering works whether in units or in traditional methods .
The Company may execute the following works inside or outside The Arab Republic of Egypt :
All construction , contracting and public works such as establishing factories , public buildings , housing projects prefabricated units , reinforced concrete & metal products , hospitals , hotels , utilities (water , drainage & electricity ) , roads , ports airports , soil erosion works , dams and other contracting works .
Preparation of designs , engineering drawings entitled to the company .
Carrying out studies and researches required for achieving its objectives .
Investing its funds in building material industries and real estate investment such as buying & selling lands and establishing building on them with the aim of selling or renting .
The Company shall have the right to import machinery , equipment, vehicles and all production equipment.
The company may be entitled to participate , in a way or another , with bodies working at the similar or the same filed that may assist the company in achieving its objectives in Egypt or abroad . The Company may be entitled to buy or affiliate such bodies by virtue of provisions of law 203 for the year 1991.