// Success of MAGNOM
The last several years have been interesting and challenging for Magnom with the starting of the contracting business as a new rewarding business especially when that Magnom participated in big and historical projects, such as the New Suez Canal and many other big and small nationwide projects
The contracting segment witnessed a huge success with gross revenue of approximately USD 200 million in 2021.
Revenue has grown from USD 5 million in 2012 to USD 200 million in 2021.
We will continue to do our best efforts in the future to restructure the company, optimize business processes and train our staff in order to be ready to seize business opportunities in our competitive market.