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Egypt in the news on 16 January 2019
On a slow morning in the foreign press, a handful of headlines worth noting in brief: The newly-established regional natgas…
Construction
Grand Egyptian Museum is now 80% complete
The USD 1 bn Grand Egyptian Museum is 80% complete thus far, the Cabinet said on Saturday. Meanwhile, the construction…
TMG signs digital partnership agreement with Huawei Technologies
Talaat Moustafa Group (TMG) has inked a partnership agreement with Huawei Technologies to provide the technology to develop TMG projects…
Egypt’s Nassef Sawiris sells shares in Switzerland’s LafargeHolcim
Nassef Sawiris sells USD 68 mn of shares in LafargeHolcim: Nassef Sawiris sold off USD 67.5 mn-worth of shares he…
Egyptalum estimates expansion project at EGP 13.9 bn
Egypt Aluminum (Egyptalum) has revised to EGP 13.9 bn its cost estimation for a planned capacity expansion project, the company…
NACCUD to hire foreign companies to manage new capital services
The New Administrative Capital Company for Urban Development (NACCUD) is expected to sign soon contracts with Dutch, Chinese, and French…
Concorde Engineering and Contracting to invest EGP 1 bn in Egypt’s North Coast
Concorde Engineering and Contracting is looking to construct two new hotels at a combined cost of EGP 1 bn on…
Multi Glass to set up EGP 200 mn factory in Egypt’s 6 October
Multi Glass Manufacturing is planning to set up a EGP 200 mn factory in 6 October to produce transparent and…
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