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Infrastructure 
Egypt considering two China-heavy consortiums for USD 8.5 bn Alamein-Sokhna electric rail
Two consortiums of predominantly Chinese companies have submitted their technical and financial offers to construct the USD 8.5 bn Alamein-Ain…
Construction
Hassan Allam, Abdul Latif Jameel form JV for developing, investing in water projects
INVESTMENT WATCH- Hassan Allam, Abdul Latif Jameel form JV to develop and invest in water projects: Hassan Allam Holding and…
China’s CGCOC interested in developing Fayoum industrial zone
Chinese construction company CGCOC is interested in developing a 32 mn feddan industrial zone in Fayoum into Egypt’s first “smart…
Earnings watch: Orascom Construction reports 2018 results
EARNINGS WATCH- Orascom Construction (OC) reported net income attributable to shareholders in 4Q2018 of USD 33.1 mn, up 635.6% y-o-y…
Hassan Allam suspends IPO plans
IPO WATCH- Hassan Allam Holding puts IPO on the shelf for now: Leading construction and engineering group Hassan Allam has…
Hassan Allam in talks with government over two desalination plants
The government is in talks with Hassan Allam Holdings to construct two water desalination and sewage treatment plants at a…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
Rosatom visiting Egyptian steel companies for Dabaa partnerships
Senior executives from Russia’s Rosatom have begun talks with several Egyptian companies, including Orascom Construction, Elsewedy Electric, and Ezz Steel,…
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