The Electricity Ministry has decided on the winner of a tender to set up a sea cable between Egypt and Saudi Arabia for the two countries’ electricity interconnection project, an unnamed ministry source tells Al Shorouk, without disclosing the winning offer. Alstom, ABB, and Siemens have all applied for the tender.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
A dozen companies have moved up from the SME board, and analysts say investors should look at how capital is being raised
Companies can apply to move to the main board above…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…