Industrial & Engineering Enterprise Co. (IEEC)
Industrial & Engineering Enterprise Co. (IEEC) was established on March 13, 1953 as an Egyptian joint-stock company. In 1997, it was officially listed on the Egyptian Stock Exchange and has since remained a cornerstone of Egypt's industrial and construction sectors.
Scope of Work
IEEC specializes in a wide range of engineering and contracting services, including:
- Civil construction and infrastructure development
- Mechanical and electrical installations for water treatment plants, power stations, and industrial facilities
- Sewage networks, irrigation systems, and desalination plants
- Construction of telecom networks, power lines, and housing projects
- Roadworks, new communities, and urban development projects
- Real estate investment and land development, including administrative and residential units
- Leasing of fixed assets, machinery, vehicles, and real estate owned by the company
Historic Achievements
Over its decades of operation, IEEC has delivered some of Egypt’s most important infrastructure and development projects, including:
- Participation in the construction of the Aswan High Dam (1968)
- Expansion of national telephone networks in Alexandria, Domyat, Cairo (Helwan, Maadi, Shobra El-Khiema, Nasr City, Heliopolis, etc.) during the 1980s
- Construction of water treatment facilities, new urban communities, and national housing projects
Ownership & Capital Structure
Prime Group holds a significant stake in IEEC, making it one of the company’s key subsidiaries.
- Current capital (post-2024 increase): EGP 291.6 million paid-up
- Total shares after increase: 1.458 billion shares
- • Key shareholders include Prime Smart for Project Management & Development, MSA Dahab Advertising, and Emir Communications & IT.
Today
With a proven legacy and reinforced capital base, IEEC continues to expand its role in Egypt’s infrastructure and industrial development, serving as a trusted partner for both public and private sector projects.
Smart Parking Egypt
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Prime Group is behind ROXY Public Parking, the largest automated underground car park in the Middle East and Africa. Located in Heliopolis, Cairo, this landmark EGP 450 million project accommodates up to 1,700 vehicles. Initiated in 2015 with Phase One completed in 2019, the BOT (Build-Operate-Transfer) project spans 25 years with an expected IRR of 25%. Smart Parking Egypt reflects Prime Group’s commitment to urban innovation and infrastructure modernization.