Concrete Plus

What Concrete Plus does

Concrete Plus is a privately-held Egyptian construction, engineering, and contracting firm founded in 1998 by Tarek Youssef (CEO) and Hossam Fikry (Managing Director). The company operates as a general contractor delivering civil works, concrete works, MEP, finishing, and infrastructure for large-scale projects across more than eight sectors, including residential, commercial, healthcare, education, transportation, water, roads and bridges, and industrial. Its customer base spans major Egyptian real estate developers (Emaar Misr, SODIC, Hyde Park, Mostakbal Misr, Ora, TAMEER, Midar) and government clients (Ministry of Health, Ministry of Transportation, National Authority for Tunnels, NUCA, Egyptian National Railways, Egypt Post), with delivered project values ranging from under EGP 100 million to over EGP 12 billion per contract, and a total backlog exceeding EGP 30 billion.

The company monetizes through project-based contracts awarded via competitive bidding on government and private-sector tenders, with execution value targeted at EGP 12 billion in 2024 (up from EGP 8 billion in 2023). Internationally, it has expanded into Saudi Arabia and Oman through dedicated country-level operating offices. Concrete Plus pursues a vertically integrated model via six wholly-owned subsidiaries (Mobility Plus, MT Plus, Quality Plus, Ultra Tech Plus, Concrete Plus for Cement Products, FM Plus) and sister companies (Act Financial, T&D Design, T&D Kitchen, Urban Developments), enabling in-house delivery of cement products, FF&E, quality assurance, facilities management, and financial services. Recent strategic moves include a 25% equity stake in the Marsa Baghush North Coast real estate project and a EUR 1 billion tire manufacturing venture in Suez, signaling a deliberate expansion into industrial and development verticals.

Concrete Plus's underlying technology stack is not disclosed; it is positioned as a traditional construction and engineering company with no proprietary software platforms, digital products, AI/ML capabilities, or research outputs referenced in available materials. Its competitive position rests on owned physical assets (equipment, formwork, scaffolding), an integrated subsidiary network, founder credibility, and a long track record of project delivery in Egypt's relationship-driven government and developer tendering environment.

Name

Concrete Plus

Legal name

Concrete Plus

Website

https://concrete-plus.net

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Concrete Plus is a privately-held Egyptian construction and engineering contractor founded in 1998, delivering large-scale civil, infrastructure, and industrial projects for government ministries and major real estate developers across Egypt, Saudi Arabia, and Oman.

Ownership category

akta.pro rank

Product category

Engineering & Construction Contracting

NAICS

Commercial and Institutional Building Construction (236220), Heavy and Civil Engineering Construction (237), Poured Concrete Foundation and Structure Contractors (23811), Cement and Concrete Product Manufacturing (3273)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Residential Bldgs (1520), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Concrete Masonry Units (CMU) & Segmental Concrete Products (IMADAAAC)

akta.pro secondary industry

Concrete Flatwork & Decorative Concrete (Stamped, Stained) (HSAIACAJ)

Keywords

• Construction contracting services
• Engineering and infrastructure
• Civil and MEP works
• General contractor services
• Building and infrastructure projects

Headquarters

HQ city

Cairo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others, Technology or R&D

Revenue model

1. Construction and Contracting Services: Concrete Plus generates revenue primarily through large-scale construction and contracting projects across multiple sectors (residential, commercial, healthcare, education, infrastructure, transportation, water, industrial). Revenue is project-based, earned through competitive bidding on government and private sector contracts. The company acts as a general contractor, delivering works including civil works, concrete works, MEP, finishing, and infrastructure. Project values range from under EGP 100 million to over EGP 12 billion per contract.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Concrete Plus is a general construction and engineering contractor that delivers large-scale building, infrastructure, transportation, healthcare, water, and industrial projects for Egyptian government authorities and private developers. The company executes civil works, concrete works, MEP installations, finishing, and project management as a main contractor on contracts ranging from under EGP 100 million to over EGP 12 billion, with execution supported by owned equipment, formwork, scaffolding, and vertically integrated subsidiaries for cement products, facilities management, and quality assurance.

Product overview

Concrete Plus is a construction, engineering, and contracting company founded in 1998, offering comprehensive services across multiple sectors including residential, commercial, healthcare, transportation, infrastructure, roads & bridges, water, and industrial projects. The company operates through multiple subsidiaries (Mobility Plus, MT Plus, Quality Plus, Ultra Tech Plus, Concrete Plus for Cement Products, FM Plus) and sister companies (T&D Designs Group, Act Financial, Urban Developments) to provide vertically integrated construction services. The product portfolio includes construction management, civil works, MEP (Mechanical, Electrical, Plumbing) works, finishing works, and infrastructure development, supported by facilities management and cement product manufacturing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• General construction and engineering contracting End-to-end construction and engineering services covering planning, civil works, concrete works, MEP, finishing, and project management for government and private sector clients across multiple sectors.
• Residential and mixed-use development construction Construction of large-scale residential compounds, villa developments, and mixed-use communities delivered for Egyptian real estate developers such as Emaar Misr, SODIC, Hyde Park, Mostakbal Misr, and Ora.
• Healthcare facility construction Turn-key construction of hospitals and medical facilities for the Egyptian Ministry of Health, including hospitals in Dahab, El Arish, El Baliana, Motobas, and Faraskour, and the Kafr El Sheikh Oncology Center.
• Transportation and rail infrastructure construction Construction of high-speed train stations, light rail transit stations, and track renewal works for the Ministry of Transportation, National Authority for Tunnels, and Egyptian National Railways.
• New cities and administrative infrastructure construction Construction of residential and administrative infrastructure in new Egyptian cities for authorities such as NUCA and Egypt Post, aligned with Egypt's 2030 Vision, including projects in New Alamein City, New Mansoura City, and 6th of October City.
• Water treatment and desalination construction Construction of water treatment and desalination plants delivered through an alliance with Spain's Abengoa and Kiyo Sal, combining Concrete Plus's local contracting expertise with Abengoa's desalination technology.
• Industrial manufacturing facility construction Construction of large-scale industrial manufacturing facilities including the EUR 1 billion Rolling Plus tire manufacturing project in Suez, with planned operations starting September 2024.
• Facilities management services Facilities management services for built infrastructure and properties delivered through the wholly-owned subsidiary FM Plus.
• Cement products manufacturing Manufacturing of cement products for use in construction projects, delivered through the wholly-owned subsidiary Concrete Plus for Cement Products as part of vertical integration in construction materials.

Quantifiable outcome

• Total backlog exceeding EGP 30 billion with over 50 delivered projects
• +2 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Rolling Plus (Tire Manufacturing Project)coreStrategic or Co-development Partner · 25 September 2023Concrete Plus signed a contract for the 'Rolling Plus' tire manufacturing project with an investment of EUR 1 billion (approximately EGP equivalent). The company is establishing a tire factory in Suez with planned operations starting September 2024, representing Concrete Plus's entry into industrial manufacturing.
• WTW (Willis Towers Watson)minorImplementation/ SI/ Consulting Partner · 20 August 2023Concrete Plus contracted with global professional services firm WTW to invest in workforce development and leadership development programs, enhancing human capital and organizational capabilities.
• Abengoa (Spain)minorStrategic or Co-development Partner · 27 March 2023Concrete Plus formed an alliance with Spain's Abengoa and Kiyo Sal to compete for water desalination plant projects in Egypt, combining Concrete Plus's local contracting expertise with Abengoa's desalination technology.
• Youth Leaders Foundation (YLF)minorStrategic or Co-development Partner · 23 June 2022Strategic partnership to launch the 'Learning Expert' internship program, providing engineering students real-world experience and internship opportunities on Concrete Plus projects. Collaboration under Concrete Plus's Corporate Social Responsibility program, aimed at empowering future engineers and supporting youth employability.
• SQM (Marsa Baghush)coreStrategic or Co-development Partner · 20 March 2022Concrete Plus holds a 25% minority stake in SQM, the development company behind the Marsa Bagush North Coast project (formerly White Bay), as part of a multi-stage turnaround transaction. The stake was acquired through Zilla Capital's equity raise mandate. Concrete Plus (via a consortium with Asass Construction) also holds the full contracting scope for Marsa Bagush, providing construction financing for the first two years of the turnaround. Post-turnaround land area expanded to 338 feddans.
• BDO ConsultingminorImplementation/ SI/ Consulting PartnerBDO Consulting performed full due diligence for SQM as part of the Marsa Bagush acquisition transaction.
• Khodeir & PartnersminorImplementation/ SI/ Consulting PartnerKhodeir & Partners acted as legal advisor for Concrete Plus on the equity transaction for the Marsa Bagush project.
• Matouk Bassiony & Hennawy (MBH)minorImplementation/ SI/ Consulting PartnerMatouk Bassiony & Hennawy acted as legal advisor for SQM across all phases of the Marsa Bagush multi-staged transaction.
• Asass ConstructionminorStrategic or Co-development PartnerAsass Construction participated in the consortium led by Concrete Plus assigned the full contracting scope of Marsa Bagush, starting construction works in April 2022.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Dar Al-Handasah (Shair and Partners): Pan-Arab engineering consultancy and design firm active across infrastructure, buildings, and urban development projects. Comparable to Concrete Plus on the engineering and project advisory side of MENA construction, though design-led rather than contracting-led.
• Elsewedy Electric (Infrastructure): Egyptian industrial/electrical conglomerate with substantial turnkey infrastructure project execution. Comparable to Concrete Plus on integrated delivery to utilities, rail, and government clients in Egypt.

Regional players

• Saudi Binladin Group: Saudi Arabia's largest construction conglomerate executing mega-projects across commercial, religious, transportation, and infrastructure categories. A key competitor for the GCC work Concrete Plus is targeting from its Riyadh office.
• ASGC Group: UAE-based general contractor executing large-scale commercial, residential, and infrastructure projects for developers and governments in the Gulf. Regional peer for Concrete Plus's GCC expansion ambitions.

Direct peers

• El Sewedy Construction: Egyptian contractor affiliated with Elsewedy Electric, executing turnkey infrastructure, industrial and commercial projects. Compares to Concrete Plus on diversified MENA delivery and on major industrial/utility clients.
• Hassan Allam Holding: Egyptian engineering and construction group executing large-scale infrastructure, utilities, and industrial projects with vertical integration into facilities management. Directly comparable to Concrete Plus in business model and Egyptian developer/government client roster.
• Samcrete Construction: Egyptian contractor specializing in concrete works, foundations, and large-scale building projects with diversified public and private sector clients. Direct competitor for poured concrete and residential/commercial developer work.
• Consolidated Contractors Group (CCC): Pan-Arab (Lebanese-origin) EPC contractor with mega-project execution across infrastructure, oil & gas, and commercial buildings in MENA. Compares to Concrete Plus on large-scale transportation and infrastructure tenders in Egypt and the Gulf.
• Arab Contractors: Egyptian state-owned construction major with deep expertise in heavy civil, infrastructure, transportation, and water projects across Egypt and Africa. A primary domestic competitor to Concrete Plus for government tenders such as transportation and healthcare.
• Orascom Construction: Egypt's largest publicly listed general contractor with diversified infrastructure, commercial, and industrial execution across MENA. Closest direct comparable to Concrete Plus in scale, customer base (governments + developers), and regional footprint including Saudi Arabia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ConcretePlus.Construction
• LinkedInlinkedin.com/company/concrete-plus-eg
• Instagraminstagram.com/concreteplusforconstruction

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Concrete Plus