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Infrastructure 
Hassan Allam awarded Cairo airport travelator contract
Hassan Allam Construction won a contract to establish a travelator linking Cairo Airport’s Terminal 2 with a multi storey garage,…
Construction
NACCUD to increase land prices by up to 20% this year
The New Administrative Capital Company for Urban Development (NACCUD) will raise land prices in the new capital by up to…
Orascom Construction adds USD 770 mn in new awards to 4Q 2019 backlog
Orascom Construction added USD 770 mn to its backlog in 4Q2019, growing the value of current projects under construction to…
Mitsubishi bids for Metro Line 4 train tender
Japanese conglomerate Mitsubishi has submitted a EGP 300 mn bid for a tender to supply 23 metro train carriages for…
Netherlands’ GEMCO signs contract to build steel foundry for Delta Steel
Dutch engineering and contracting firm GEMCO has signed the contract to construct a EUR 18.7 mn steel and cast iron…
Maridive reports consolidated loss of USD 22.2 mn for 9M2019
EARNINGS WATCH- Maridive & Oil Services reported a consolidated net loss of USD 22.2 mn in 9M2019, compared to a…
Egypt might be scrapping Shanghai Electric’s USD 4.4 bn “clean coal” power plant
INVESTMENT WATCH- Shanghai Electric’s USD 4.4 bn “clean coal” power plant could be scrapped or postponed: The Electricity Ministry is…
NAT invites consulting firms to bid on supervising Egypt’s new capital monorail
The National Authority for Tunnels has invited experienced consulting firms to submit letters of interest for the management, design revision,…
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