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Emak Contracting Company, a subsidiary of the Kuwaiti Kharafi Group, signed contracts worth EGP 300 mn for roadworks at the new administrative capital, Executive Director Samir Fathy tells Al Masry Al Youm. Emak has been working on roads at the new capital since January and is completing work worth c. EGP 70 mn.
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Arab Polvara looking to export to Brazil, boost export volume to Turkey
Arab Polvara Spinning and Weaving is looking to begin exporting its products to Brazil by year’s end, Managing Director Mohamed Assal said, Al Borsa reports. The company is also hoping to bump up its export volume to Turkey.
Posted inManufacturing
Orientals Group to launch EGP 900 mn petrochemical project in Port Said
Orientals Group is planning to launch a EGP 900 mn petrochemical manufacturing project in Port Said in cooperation with local oil companies and unnamed Arab and Western investors, Al Masry Al Youm reports. Orientals Group will command a 25% stake in the project, while the remainder will be distributed among other investors, according to Orientals […]
Posted inHealth + Education
USAID, Education Ministry provide training for 2,300 technical school teachers
USAID and the Education Ministry provided training for technical school teachers to help link students with the workforce and private sector jobs, according to a US Embassy statement. The project, aimed at enhancing career guidance at technical schools, is called Workforce Improvement and Skills Enhancement (WISE).
Posted inReal Estate + Housing
State turns into competitor of private sector in new capital
The state has turned into a strong competitor of private companies planning to invest in the new administrative capital, offering affordably-priced housing units that the private sector can’t compete with, Al Ahly For Real Estate Development Chairman Hussein Sabbour says, according to AMAY.
Posted inReal Estate + Housing
Real estate developers reveal construction plans
Redcon Construction signed agreements worth a combined EGP 270 mn with SODIC and Abraj Misr to work on new developments in the Fifth Settlement area of New Cairo, Al Masry Al Youm reports. A number of other real estate developers also announced their upcoming construction plans. Those include: Dorra Real Estate Development Group’s EGP 2 […]
Posted inTourism
Ukrainian, Polish tourists up 120% in 1H2017 -Tourism Promotion Authority
The number of Ukrainian and Polish tourists visiting Egypt jumped 120% y-o-y in 1H2017, Tourism Promotion Authority head Hisham El Demery said, citing data from the Ukrainian and Polish governments. Although Ukrainian tourism to Egypt saw a significant jump in comparison to last year, arrivals from the country are currently less than half of 2010-15 […]
Posted inTourism
Bulgarian government approves tourism agreement with Egypt
The Bulgarian government approved a tourism cooperation agreement with Egypt, according to Bulgaria’s Sofia News Agency. Egypt and Bulgaria will exchange information on potential tourism investments and participate in international exhibitions to promote joint tourism projects.
Posted inAutomotive + Transportation
No consensus on the automotive directive risks delaying passing the act till after November
The lack of consensus within the auto industry on the automotive directive appears to be showing no signs of improvement. This is the primary reason cited by auto industry insiders who spoke to Al Shorouk as to why they doubt statements by House Industry Committee Chair Ahmed Samir that the law will pass by November. […]
Posted inBanking + Finance
Al Ahly Capital to convert 39.5% of its shares in AMOC to GDRs on LSE
Al Ahly Capital is converting 39.5% of its shares in state-owned Alexandria Mineral Oils Company (AMOC) — the equivalent of 10% of the company — to global depository receipts (GDR) on the London Stock Exchange in early 2018, Managing Director Khaled Badawi says, according to Al Mal. Al Ahly Capital is currently AMOC’s largest shareholder, […]