Keller wins contract in Port Said, Egypt

Keller Group has been awarded a “major” contract in Port Said, Egypt, valued at around £60m.

The FTSE 250 ground engineering specialist said the contract for ground improvement works forms part of the development by the Egyptian Government of the eastern shore of Port Said, along the newly created navigation channels of the Suez Canal.

Work is expected to begin imminently and to be completed by the third quarter of next year, the company said.

Chief executive Alain Michaelis said: “This significant project win in the Middle East demonstrates the continued development of Keller in this important region. This is the group’s second recent major award, following the award of the £50m contract in Abu Dhabi announced in August.”