Arab Finance: Korra Energi has secured two contracts worth a combined EGP 1.136 billion excluding value-added tax (VAT), for projects in New Cairo and New October 6 City, according to company disclosures.

The first contract, valued at EGP 573.963 million, covers the second phase of electromechanical installations, finishing, and fit-out works at Ahl Masr Hospital in New Cairo.

Korra expects the hospital project to support its operating revenues, profitability, and cash flows during the current fiscal year (FY) 2026/2027.

Also, the company was awarded an EGP 562.289 million contract to develop the Al-Amin Industrial Complex in New October 6 City.

Spanning 14,000 square meters, the project includes civil, mechanical, electrical, and plumbing (MEP) works, as well as architectural finishing for a gelatin and collagen factory.

The contract also covers storage facilities, service buildings, infrastructure, roads, and landscaping across two phases.

Korra said the industrial project supports its strategy to strengthen its presence in Egypt's industrial sector, with an emphasis on local manufacturing and increasing domestic content.