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The New and Renewable Energy Authority (NREA) will no longer partner up with the UAE’s Masdar on a planned wind farm, but will offer the project to Masdar under a build-own-operate framework, sources from NREA tell Al Mal. The costs of partnering on the EUR 400 mn project would have been too high, which has […]
Author Archives: enterpriseam admin
Posted inEnergy
XD Egemac begins operating first transformer station connecting Benban solar plants to grid
XD Egemac has begun operating the first transformer station connecting the Benban solar farm to the grid, company chairman Medhat Ramadan tells Al Borsa. The second transformer station will be operational at the end of November, he added. Four stations in total are under development at a cost of EGP 1.3 bn.
Posted inBasic Materials + Commodities
Domty to launch branch in Rwanda
Cheese maker Domty announced plans to launch a branch and distribution center in Kigali, Rwanda. The distribution center is expected to begin operations in 1Q2018 and will focus primarily on white cheese products.
Posted inBasic Materials + Commodities
Supply Minister, Italian ambassador meet to discuss silos project
Supply Minister Ali El Moselhy met yesterday with Italy’s ambassador in Cairo, Giampaolo Cantini, to discuss the ten wheat silos Italy is building in Egypt at a total cost of EGP 128 mn, Al Masry Al Youm reports. El Moselhy and Cantini agreed to meet again next week to sign off on minor design changes.
Posted inManufacturing
EBSC to receive USD 60 mn worth of equipment for black sands separation from Australia’s Mineral Technologies
The Egyptian Black Sand Company (EBSC) is expected to sign next week a USD 60 mn contract with Australian mineral processing company Mineral Technologies, which will provide the company with necessary equipment, EBSC head Ashraf Sultan tells Al Borsa. Mineral Technologies was awarded the tender to supply the drilling equipment back in August. EBSC had […]
Posted inManufacturing
Eastern Company indefinitely puts off cigarette plant in Borg El Arab
Eastern Company has indefinitely put off plans to build a 110k sqm cigarette manufacturing complex in Borg El Arab, company chairman Mohamed Haroun tells Al Mal. The decision came from the Chemical Industries Holding Company (Eastern’s parent company) which saw the capex required to build the complex as too high at this time, said Haroun. […]
Posted inManufacturing
Tetra Pack sales down 25% y-o-y as a result of 40% drop in overall food industry sales
Tetra Pak’s sales in Egypt this year are down 25% compared to last due to a 40% decline in overall sales from the food production sector, the packaging company’s Egypt Managing Director Konstantin Kolesnik tells Al Borsa. Kolesnik attributed the decline to the drop in consumer purchasing power as a result of inflation, which he […]
Posted inManufacturing
Largest desalination plant in Africa set to open in Hurghada
“The largest water desalination plant in Africa” is set to open in December in Hurghada, Red Sea Governor Ahmed Abdalla said yesterday, according to Youm7. The government hasrecently been considering opening up desalination to the private sector.
Posted inTourism
AS Roma and the Egyptian Tourist Organization in Italy announce partnership
Italian football club AS Roma and the Egyptian Tourist Organization in Italy have announced an agreement that will see Egypt become the team’s Official Tourism Partner. “The agreement will last for the whole season and will see the club supporting and promoting Egypt … as well as organizing shared initiatives involving the general public and […]
Posted inTourism
British tourism delegation tours Luxor and Aswan
The Tourism Promotion Authority (TPA) is touring Luxor and Aswan with a delegation from the UK as part of efforts to promote Egypt as a destination and improve tourism arrivals from the country, according to Al Shorouk. With the flight ban on Sharm El Sheikh still in place, it seems unlikely for us to see […]