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Africa Energy has secured funding from Saudi investors to establish solar-powered irrigation projects in remote villages in Egypt, Chairman Ahmed Hamdy tells Al Shorouk. The 10-500 KW solar power stations, which are estimated to cost EGP 200k-10 mn, will sell power to landowners in installments once completed. The projects will be carried out in Qena, […]
Author Archives: enterpriseam admin
Posted inInfrastructure
Five consortiums qualify for second bidding round for 6 October City dry port
The General Authority For Ports & Dry Land will launch “within days” the second bidding round for the Six October dry port project, which will be limited to the five consortiums that qualified in the first round, Al Mal reports. Biding companies are: a consortium made up of Elsewedy Group, Germany’s Schenker, and Cairo 3A; […]
Posted inBasic Materials + Commodities
Trade Ministry signs agreement to manage branding of authentic Egyptian cotton
The Trade Ministry signed yesterday a three-year cooperation agreement with the Egyptian Cotton Exporters Association and the Cotton Egypt Association to manage the branding rights and promotion of Egyptian cotton, according to a ministry statement. Under the agreement, the three entities will form a committee mandated with making sure international textile companies that use authentic […]
Posted inBasic Materials + Commodities
Fancy Foods plans to launch 3 new production lines
Fancy Foods is looking to establish three new production lines in an effort to capitalize on available export opportunities, Chairman Alaa El Bahey tells Al Shorouk, without disclosing timeline or investment value. The company will focus on exports to Europe.
Posted inManufacturing
IDA sets higher fees for services to complaints from investors
The Industrial Development Authority (IDA) upped the fees it charges investors and manufacturers for issuing licenses and other services. Depending on the size of the project, fees for amending industrial registries jumped to EGP 3,800-37,770, while fees for issuing temporary licenses was increased to EGP 4,700-23,450. Investors’ associations sent a formal complaint to the Ismail […]
Posted inHealth + Education
Health Ministry steps up quality inspections ahead of Universal Healthcare Act
The Health Ministry shut down 59 health facilities in Dakahlia for failing to meet health and technical standards as part of its ongoing inspection campaign on these facilities, the ministry announced yesterday, Al Masry Al Youm reports. The shutdowns come ahead of the launch of the Universal Healthcare Act this year, which will create new […]
Posted inHealth + Education
SIAC wins tender to develop New Alamein University
SIAC Construction has won a tender to develop the New Alamein University, Business Development head Ahmed Azmy tells Al Masry Al Youm. The first phase of the project should be complete in September 2019. No details on investment cost were disclosed.
Posted inReal Estate + Housing
New Administrative Capital plans to tender land under PPP framework
The New Administrative Capital Company for Urban Development is planning to launch tenders for the establishment of mixed-use residential and commercial projects at the new capital under a PPP framework, an unnamed company official tells Al Shorouk. The company has reportedly already received offers and proposals from several investors.
Posted inTelecoms + ICT
Speed Tech to distribute Indian, Chinese, and Algerian smartphones in Egypt
Speed Tech Co. signed three distribution agreements with MicroMax India, Algeria’s Condor Electronics, and China’s Gionee to sell their smartphones in Egypt, Al Shorouk reports.
Posted inAutomotive + Transportation
Gov’t to select winning offer for 1,300 locomotive supply contracts by month’s end
The government will select the winning bid to supply the Egyptian National Railways with 1,300 railway cars for around EGP 19-20 bn by the end of the month, Minister Hisham Arafat tells Al Ahram. The ministry has narrowed down the competition to two offers from a Chinese company and a Russian-Hungarian consortium. The agreement stipulates […]