Military Production Minister Mohamed El Assar signed an MoU with the China Energy Engineering Corporation (CEEC) to build energy and infrastructure projects in Egypt, according to a ministry statement. The agreement stipulates that the National Authority for Military Production will work with the CEEC to identify and secure legislation to establish several energy and infrastructure projects. The CEEC will provide engineering designs, equipment, construction services and technical support.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving 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…