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What we’re tracking this week and beyond
Elsewedy Electric and Arab Contractors will sign tomorrow final contracts for a USD 3 bn, 2.1 GW hydroelectric dam in…
Construction
Elsewedy subsidiary to develop SCZone area for estimated EGP 10 bn
INVESTMENT WATCH- Elsewedy to develop EGP 10 bn industrial zone in SCZone: An Elsewedy Electric subsidiary has signed a contract…
Hassan Allam to build EGP 2.2 bn water treatment project in New Capital
The New Urban Community Authority has awarded Hassan Allam Construction a contract to build a EGP 2.2 bn water treatment…
Egypt to pass Unified Building Code, building code violation bill next month
LEGISLATION WATCH- Unified Building Code, temporary law on building code violations to be issued next month: The House of Representatives…
ACC to restructure outstanding loans through new syndicated loan
Cement supplier Arabian Cement Company (ACC) is receiving a syndicated loan from the European Bank for Reconstruction and Development and…
Albatross Holding to build two new Hotels at Red Sea destinations
Albatross Holding plans to break ground on two new hotels in Soma Bay and Hurghada early next year, and open…
Government sets compensation mechanisms for El Warraq island residents
The government is preparing to offer compensation to citizens affected by the demolitions made in Warraq Island, where residents who…
Chinese company to invest USD 300 mn in steel factory in Egypt’s Ain Sokhna
INVESTMENT WATCH- An unnamed Chinese company is looking to invest upwards of USD 300 mn next year in a new…
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