Minister of Civil Aviation Younis El Masry approved on Saturday the establishment of a construction joint venture with a focus on airports and air travel, according to a ministry statement. The company will be 60% owned by the public sector and 40% held by private companies. Shareholders will include The Egyptian Airports Company and Cairo Airport Company as well as Orascom Construction and Archirodon. The new company’s first project is renovation work at Cairo Airport’s Terminal 1 departure hall.

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