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Egypt’s NREA requests three-month extension to examine 250 MW wind plant bids
The New and Renewable Energy Authority (NREA) has asked for a three-month extension to the expiration date of bids it…
Construction
IMKAN allocated EGP 5 bn, 166-acre New Cairo land plot
IMKAN Properties, a subsidiary of the UAE’s Abu Dhabi Capital Group (ADCG), has been allocated a EGP 5 bn, 166-acre…
Egypt’s Shaker, Tanzania’s Magufuli break ground on Stiegler’s Gorge dam
Shaker, Tanzanian president break ground on Rufiji river dam: Electricity Minister Mohamed Shaker and Tanzanian President John Magufuli broke ground…
Elsewedy to complete power line in Egypt’s Benban solar complex September
Elsewedy Electric will complete in September a 185 km, 500 kV overhead power line to connect Benban 3, a transformer…
Orascom, Besix to finish bulk of building Grand Egyptian Museum by end-2019
The Grand Egyptian Museum is close to being fully built, phase 3 project director Laurens Schokking told Construction Week. Concrete,…
Egypt to receive second tranche of USD 3 bn Chinese business district loan
The Housing Ministry will sign today an agreement to receive the second tranche of a USD 3 bn loan arranged…
Is the government about to step in to resolve Egypt’s cement market glut?
Is the government about to step in to resolve the cement market glut? Prime Minister Moustafa Madbouly held a meeting…
CIRA reports 51% y-o-y growth in net profits in the first nine months of its fiscal year
EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 51% y-o-y increase in net profit to EGP 249.8…
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