July 4 (SeeNews) - Croatian blue-chip civil engineering company INGRA said on Friday it has signed a deal worth 7.0 million euro with the Algerian Ministry of Public Works.
The deal concerns strengthening of a water break in the harbour of Mostganem, western Algeria, the company said in a statement.
INGRA has four deals worth a combined 60 million euro with the Algerian ministry underway. They will sign in the next 20 days another two deals, for design and construction works in two harbours, INGRA said without disclosing their value.
"INGRA expects to sign new deals and actively works to prepare new offers," INGRA said, adding that the Algerian market is currently offering infrastructure projects worth some 100 million euro.
The company’s shares were traded at 32,487 kuna ($7,040/4,487 euro) on Friday morning, up from 32,000 close on Thursday.
(1 euro =7.2398 Croatian kuna)