The government has compiled a list of 100 Egyptian companies it will qualify to work on the USD 30 bn Dabaa nuclear power plant as subcontractors to Rosatom, according to government sources. The nominees cover a range of jobs, including electricity, construction, and consultancy. All of the usual private- and public-sector suspects are name-checked in the story. Egyptian companies are expected to take on 20% of the construction work (USD 4 bn-worth). The Electricity Ministry had prepared in February a list of 10 contractors to recommend for work on the plant. Construction work is expected to begin in 2020, but is contingent on Rosatom receiving the necessary regulatory approval.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…