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The government is focusing all its efforts on preparing the new administrative capital and neglecting Cairo in the process, Soliman Gouda says in Al Masry Al Youm. The current capital’s issues are piling up but have been unaddressed, as it appears that the new capital is a much bigger priority. Gouda centers his argument on […]
Author Archives: enterpriseam admin
Posted inWorth watching
Amputee Football team looking to start a league in Egypt
A group of amputee footballers have put together a team they hope to one day grow into a country-wide league. The “Miracle Team,” which includes 25 members who train twice a week in Cairo, started out playing non-competitive, freestyle football. Their goal now is to expand the sport to other governorates in order to establish […]
Posted inDiplomacy + Foreign Trade
Sameh Shoukry meets with Syrian delegates
Foreign Minister Sameh Shoukry met with a delegation from the Syrian High Negotiations Committee and representatives of the Syrian opposition in Cairo yesterday, to discuss the latest developments on the ground and explore potential paths to unify the Syrian opposition, according to a ministry statement.
Posted inEnergy
India’s L&T Construction to build Sokhna Gas substation
L&T Construction, the construction arm of India’s Larsen & Toubro, announced receiving an order from the Egyptian Electricity Transmission Company to develop a turnkey 500/220 kV Gas Insulated Substation in Ain Sokhna. The company did not provide the contract’s value.
Posted inInfrastructure
New roads to be inaugurated on Monday
The National Authority for Roads and Bridges plans to inaugurate a number of new roads on Monday next week, which cost around EGP 8 bn to develop, Ahram Gate reports. The new highways will link the eastern and western sides of the country, connecting them to various cities along the Nile Delta.
Posted inBasic Materials + Commodities
Spanish orange producers feeling pressure from Egyptian, Turkish competition
Spanish producers of oranges are feeling the pressure of competition from Egypt and Turkey, Exportaciones Aguado Manager Vicente Aguado tells Fresh Plaza. “Egypt and Turkey are significantly increasing their exports...They are gaining more and more ground in Eastern Europe and in Russia, since Spain lost access to this market,” he says.
Posted inManufacturing
Three firms awarded industrial development allocations in Sadat City
Polaris Parks, Elsewedy Electric’s Pyramid Industrial Parks (PIParks) and Construction Products Holding Company (CPC) were awarded contracts for industrial land in Sadat City, Al Borsa reports. The three companies received a total 3.9 mn sqm, with Polaris and PIParks holding 1.4 mn sqm each and CPC receiving 1.1 mn sqm. No details on investment value […]
Posted inManufacturing
DANEVO to establish security device plant
Security systems distributor DANEVO is planning to establish a 5,000 sqm factory in either Port Said or the Suez Canal Economic Zone (SCZone) to produce remote control and gate and security systems, the firm’s Regional Director Mohammed Abdullah tells Al Borsa. The plant will aim to source 30% of its production inputs locally in its […]
Posted inReal Estate + Housing
Style Homes launches their first project with an investment of EGP 800 mn
Real estate developer Style Home has launched its first EGP 800 mn project in New Cairo, Al Mal reports. The 33,000 sqm development will house residential developments, an administrative complex, and a shopping mall.
Posted inTourism
Archaeologists uncover remains of 2,600-year-old temple in Kafr El Sheikh
A team of archaeologists discovered the remains of a temple and other ancient artefacts dating back nearly 2,600 years at the Tal Al-Pharaeen site in Kafr El Sheikh, Newsweek reports. The discovery included the bases of two limestone pillars, a partially damaged statue of King Psamtik, and another black granite statue of an unidentified royal. […]