Elsewedy Electric’s Trading & Distribution unit signed a EGP 423.3 mn agreement with El Mostakbal Urban Development to complete electricity and communications infrastructure for sections of phase three of Mostakbal City, according to a company statement (pdf). Work should be complete within 22 months. Elsewedy Electric had signed in 2017 an EGP 620 mn agreement to develop infrastructure in phase one of the project, which is being developed near the new administrative capital.

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