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The New and Renewable Energy Authority (NREA) will on Sunday study an offer from Denmark’s Vestas for the tender to build a 250 MW wind energy plant in Ras Ghareb, sources told the press. Vestas is the frontrunner for the tender as the other bidder, Siemens Gamesa, has not been told of the date, the […]
Author Archives: enterpriseam admin
Posted inEnergy
Rosatom to break ground on Egypt’s Dabaa plant by mid-2020
Rosatom’s Atomstroyexport (ASE) expects to break ground on the construction of the USD 30 bn Dabaa nuclear power plant by mid-2020, ASE Egypt director Anatoly Kovtunov tells Al Mal. Kovtunov said earlier this week that the company plans to issue 20 tenders for the plant’s construction and management projects, and is currently in talks with […]
Posted inInfrastructure
NACCUD signs MoU with German consortium for new capital’s water infrastructure
The New Administrative Capital Company for Urban Development (NACCUD) signed an MoU with a German consortium led by Dorsch Gruppe to manage, operate, and maintain a water irrigation and drainage system for the new administrative capital, according to the local press. The two sides will set up a JV holding company with EGP 250 mn […]
Posted inInfrastructure
Egypt, Russia’s Ak Bars to cooperate on developing shipbuilding industry
The Suez Canal Authority (SCA) signed a cooperation protocol with Russian shipbuilding company Ak Bars Holdings to partner in the development of shipyards in Egypt and the construction and reparation of ships, the cabinet said in a statement. The two sides also discussed possibly setting up a joint shipyard in the El Gouna area.
Posted inManufacturing
Egypt’s Ceramica Cleopatra to invest EGP 6 bn in two new factories next year
Ceramica Cleopatra Group is planning to invest EGP 6 bn next year to set up two new factories to manufacture porcelain and ceramic tiles, and healthcare products, Chairman Mohamed Aboul Enein said, according to the local press. The factories, which will be set up in Ain Sokhna and the 10 Ramadan City industrial zone, are […]
Posted inManufacturing
Godiva could set up a factory and stores in Egypt
Belgian chocolatier Godiva could set up shop in Egypt with chocolate stores and a factory to act as its regional base for manufacturing and sales, sources close to the matter tell Al Mal. Godiva is looking at setting up stores to test the appetite (pun not intended) for their products before moving ahead with a […]
Posted inHealth + Education
Egyptian Modern Education to invest EGP 62-65 mn in new school
Egyptian Modern Education Systems will invest up to EGP 65 mn to establish an American school as part of efforts to upgrade its listing from the Nilex to the EGX, IR manager Haitham Allam said. The company has already begun building the new school in the Katameya area and expects to welcome students at the […]
Posted inReal Estate + Housing
NUCA offers land plots worth EGP 35.5 bn to investors
The New Urban Communities Authority (NUCA) has tendered 26 mixed-use land plots worth EGP 35.5 bn in Sixth of October, Sheikh Zayed, New Cairo, and El Shorouk and Sadat cities under a new land tender mechanism, Housing Ministry sources told the press. In related news: NUCA has granted Al Arabia Company For Real Estate Development […]
Posted inReal Estate + Housing
Amer Group launches EGP 3 bn Porto Heliopolis
Amer Group has launched its EGP 3 bn Porto Heliopolis project, according to a statement seen by Hapi Journal. The latest installment of the company’s signature mixed-use development Porto will include 27k sqm of residential, commercial, and administrative areas — as well as serviced houses, a shopping mall, and a promenade.
Posted inEgypt Politics + Economics
Policeman in the Nile Delta detained upon claims he assaulted lawyer
A policeman in the Nile Delta was detained last week after he allegedly assaulted a lawyer over a parking dispute, the Associated Press reports. The prosecutor-general’s office confirmed in a statement that it had ordered the arrest after graphic images of lawyer Ahmed Alwan went viral on social media, prompting dozens of lawyers to gather […]