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Italian contractor Saipem, 30% owned by Italian oil and gas major Eni, has landed a USD 1.2 bn contract for engineering, procurement, construction and installation work on Eni’s Zohr supergiant gas field in the Mediterranean, according to company press release. The contract is with Petrobel (a JV between the state-owned Egyptian General Petroleum Corporation and […]
Author Archives: enterpriseam admin
Posted inEnergy
Electricity Ministry to launch tender for five power transmission control centers
The Egyptian Electricity Holding Company (EEHC) is issuing a limited tender for three international companies to build five power transmission control centers across Cairo, Alexandria and the Suez, ministry sources told Al Mal. Offers from Siemens, General Electric and Schneider Electric will be considered since the companies had prequalified for the projects in a previous […]
Posted inEnergy
Oil Ministry to increase Atoll field production to 400 mcf/d next October
The Oil Ministry expects natural gas production from North Damietta’s Atoll field to increase to 400 mcf/d by next October, once drilling on the fourth well is complete, Oil Minister Tarek El Molla said. The field currently produces 350 mcf/d of gas.
Posted inInfrastructure
Egypt’s SCA considering cutting fees across all of its six ports
The Suez Canal Authority (SCA) is looking at cutting transit and mooring fees on cargo ships across all of its six ports, after doing the same for the East Port Said Port, SCA boss Mohab Mamish said. We had reported in October that the East Port Said decision came after an alliance of major shipping […]
Posted inInfrastructure
EgyTrans considers EGP 30 mn railway line
The Egyptian Transport and Commercial Services Company (EgyTrans) is looking to build a EGP 30 mn cargo transport railway line, Chairman Abeer Leheta told Al Mal. The company is currently conducting studies on the project, which will be partly self-financed and partly through bank loans. The transport solutions provider expects the railway project will be […]
Posted inManufacturing
Egypt to set up pharma factory in Chad
Egypt has decided to establish a pharmaceuticals factory in Chad following feasibility studies that indicated the factory’s potential of becoming a regional distributor, Public Enterprise Minister Hisham Tawfik said earlier this week. Further details have yet to be disclosed.
Posted inManufacturing
Ismailia Development considers food manufacturing complex
Ismailia Development and Real Estate company is reportedly considering building an industrial complex for the production of jams and juices in Ismailia, reported Al Mal. Company sources did not disclose the project’s estimated cost.
Posted inManufacturing
Russian company to build tractor manufacturer in Egypt
The Military Production Ministry has reached an agreement with a Russian company to build a tractor manufacturing facility in Egypt sometime in 2019, Minister Mohamed El Assar said. The new factory is expected to export its output and has already received pre-paid orders from Libyan entities, which it intends to fulfill after it has met […]
Posted inHealth + Education
Egypt’s SEDICO to complete EGP 300 mn pharmaceuticals factory by end-2019
SEDICO Pharmaceutical Company is planning to complete a EGP 300 mn antineoplastics factory by the end of 2019, Chairman Awad Gabr said. Antineoplastics are medicines used to prevent tumors. Gabr did not mention the location or capacity of the planned facility, but noted that production will begin in 2020.
Posted inHealth + Education
Administrative Court suspends Egyptian Pharmacists Syndicate
An Administrative Court has suspended the Pharmacists’ Syndicate’s general assembly and the head of the syndicate, following the alleged assault of four journalists inside the syndicate’s headquarters last week, according to Youm7.