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20 solar power companies have submitted their preliminary documents for financial close on their projects in Benban to the Egyptian Electricity Transmission Company (EETC), government sources tell Al Borsa. Others are reportedly “scrambling” to complete their paperwork by today, the deadline set by the Electricity Ministry for funding under phase two of the feed-in tariff […]
Author Archives: enterpriseam admin
Posted inInfrastructure
New Sinai tunnels drilling done by December
Drilling work on the tunnels that will connect Sinai with Port Said will be complete by December, Arab Contractors’ Sinai Director Mubarak Mansour told the press yesterday, according to Al Masry Al Youm. The second phase of drilling will commence immediately after, he added. The tunnels will run under the Suez Canal.
Posted inInfrastructure
Red Sea Ports Authority to sign agreements to develop Safaga, Nuweiba, Sharm El Sheikh ports
The Red Sea Ports Authority will sign agreements soon to construct a multi-purpose hall at the Safaga Port and a multi-purpose station at the Nuweiba Port, in addition to working on developing the Sharm El Sheikh Port, authority President Hisham Abu Senna announced yesterday. The Sharm El Sheikh project will include a terminal for tourists […]
Posted inBasic Materials + Commodities
Agriculture Ministry to kickstart development of 100k greenhouses project next month
The Agriculture Ministry plans to launch development of the 100k greenhouses project next month, Deputy Agriculture Minister Safwat El Haddad tells Al Mal. 500 feddans have already been allocated in El Farafra to 500 greenhouses for the pilot phase of the megaproject, with an eye towards harvesting crops from it next March, he added.
Posted inBasic Materials + Commodities
Global yarn, fabric production rates are increasing, Egypt leading down global average
A “strong decrease” in Egypt’s yarn stocks has driven down the world average, despite an overall increase of yarn and fabric production globally, according to Knitting Industry. Global fabric production in 2Q2017 increased by almost 9% q-o-q and Egypt saw a 16% q-o-q increase in fabric orders during the quarter. Estimates see global yarn and […]
Posted inManufacturing
Sino-Egypt Minkai looking to set up CNY 5 bn textile industrial complex
Egyptian-Chinese company Sino-Egypt Minkai is looking to set up a 2 mn sqm textile industrial complex at an investment value of CNY 5 bn (approximately USD 753 mn), a delegation from the company told Industrial Development Authority (IDA) head Ahmed Abdel Razek yesterday. The first phase of the complex would be established within three years, […]
Posted inManufacturing
LG looking to invest USD 60 mn in new production line
LG Electronics Egypt is planning to add a new production line to its 10 Ramadan City plant at an initial investment cost of USD 60 mn,company sources tell Al Borsa. The new air conditioning line will produce units mostly for export, which should allow the company to meet rising costs, especially with the slowdown in […]
Posted inReal Estate + Housing
Hill signs agreement with ECETA to provide IFM
Hill International announced signing an MoU with Egyptian Facilities Manager ECETA to provide project management, construction consulting services, and integrated facilities management (IFM). “The MOU will enhance the quality of service provided by the companies through the exchange of knowledge, experience and personnel. ECETA and Hill have agreed to partner for one year, and will […]
Posted inTourism
Sokhna receives first cruise ship since 2011
DP World Sokhna announced it received its first regular cruise ship since 2011 at the Sokhna port. The company says it expects to receive weekly cruise ships bringing tourists to Egypt.
Posted inTourism
TPA talks marketing with Italian tour operators
Tourism Promotion Authority head Hisham El Demery met with Italian tour operators in Milan yesterday to discuss ways to push collaborative marketing efforts, Youm7 reports. The TPA recently launched a promotional campaign in Italy in collaboration with football club AS Roma and Egyptian-Italian player Stephan El Shaarawy.