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Foreign Minister Sameh Shoukry met yesterday with Saudi Arabia’s Shura Council Speaker Abdullah bin Mohamed Al Sheikh to talk ties and cooperation, according to a ministry statement.
Author Archives: enterpriseam admin
Posted inEnergy
EETC to sign final PPA with Lekela Power next month for 250 MW Suez wind farm
The Egyptian Electricity Transmission Company (EETC) plans to sign next month the final power purchasing agreement with Lekela Power next month for its 250 MW wind farm in the Gulf of Suez, after Lekela secured funding for the project, according to unnamed sources. The European Bank for Reconstruction and Development will provide USD 82 mn, […]
Posted inInfrastructure
Egypt’s NAT launches Metro Line 1 development project tender
The National Authority For Tunnels has launched a tender for the supply and installment of circuit breakers along Cairo Metro Line 1, and has set the deadline for bids on 27 January, a source familiar with the matter said,according to Al Mal. The company will be required to complete its work within 12 months. The […]
Posted inInfrastructure
Honeywell to develop USD 31 mn-worth of security systems in Egypt’s new capital
The New Administrative Capital Company for Urban Development (NACCUD) has awarded US-based Honeywell contracts to develop USD 31 mn-worth of digital security systems the new capital, NACCUD spokesperson Khaled El Hosseini said, according to Al Mal. The company will install public surveillance cameras, posts, control systems, and other devices expected to be operational early 2020.
Posted inBasic Materials + Commodities
Sale of live poultry to be banned in Cairo and Giza starting 1 April
Egypt will ban the sale of live poultry in Cairo and Giza starting 1 April amid efforts to avoid the spread of disease and protect the environment, Agriculture Ministry Spokesman Hamed Abdeldayem said.
Posted inBasic Materials + Commodities
Egypt’s engineering industry chamber objects to import tariffs on steel sheets
The Federation of Egyptian Industries’ Engineering Industries division has sent out a memo to the Finance Ministry objecting to a decision imposing tariffs on imported steel sheets, its boss Mohamed El Mohandes told Youm7. The complaint came after local steel manufacturers asked the ministry to introduce the tariffs to protect local production.
Posted inManufacturing
Egyptalum extends deadline for power station tender to 31 March
Egypt Aluminum (Egyptalum) has extended the deadline for a 300 MW power station tender to 31 March, it said in an EGX disclosure (pdf). Earlier this month, the company said it would review on 31 December offers for another tender to build a new USD 600 mn product line that is expected to increase its […]
Posted inTourism
Al Dau to build hotel, residential compound close to Grand Egyptian Museum
Real estate player Al Dau Development is planning to build a hotel and residential compound near the Grand Egyptian Museum, Senior Operations Director Mohamed Salem said. The company is currently in the process of acquiring the land plot for the project, which will include 350 residential units and 250 hotel rooms. No details were provided […]
Posted inTourism
Tourist arrivals to Egypt grew by 40% in 2018
Tourist arrivals in Egypt increased 40% in 2018, reaching around 11.6 mn tourists, up from 8.3 mn last year, Egyptian Tourism Federation head Hossam El Shaer said, according to Al Mal. The growth in tourist arrivals may put a strain on the sector’s transport capabilities if businesses fail to invest in expanding their bus fleets, […]
Posted inTelecoms + ICT
Egypt to complete 95% of fiber optic cable network by 2020
Telecom Egypt will have replaced 95% of internet copper cables with fiber optic cables by 2020 for faster internet connection, House ICT Committee head Ahmed Zidane, tells Youm7. So far the state-owned company has replaced 60% of the cable network, he said. Egypt had expected to be done with 70% of the network by the […]