• German Eurogate and Italy’s Conchip submitted technical and financial proposals for developing the second container terminal project in Damietta to the Transport Ministry yesterday, according to an official statement.
  • African countries could be transformed by the digital economy if theyinvest in infrastructure like affordable internet coverage and increase probability of employment to 13.2% from 6.9%.
  • The government has signed three financing agreements worth EUR 122.7 mn with the European Investment Bank (EIB) to fund infrastructure projects that would include a wastewater treatment plant, metro line upgrades and Damietta railway studies.
  • The Transport Ministry is re-issuing a tender to supply 25 trains for Cairo Metro Line 4, after receiving one offer from Japan's Mitsubishi Corporation, worth a total of EUR 375 mn for the 15 trains
  • A Polaris Parks consortium has canceled a contract with the Suez Canal Economic Zone (SCZone) to establish a new 5.5 mn sqm industrial zone near Ain Sokhna following delays receiving the land.
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