The Housing Ministry is building two desalination plants and a sewage treatment facility in the Matrouh government at a total cost of EGP 700 mn,supervisor of utility projects at the ministry Randa Al Menshawi said, according to Al Borsa. EGP 460 mn will be spent to develop the sewage treatment plant which will be built by the Arab Organization for Industrialization. The Al Ruaila desalination plant will cost EGP 57 mn, while the Barani desalination plant, which will be developed by Arab Contractors, will cost EGP 65 mn.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…