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Orascom Construction sells chemicals subsidiary for EGP 1.8 bn
OC plans to allocate the proceeds to “growth and value-accretive areas”
Domestic headwinds have real estate + construction firms looking for business abroad
Generating FX income abroad would help shore up liquidity to finance more expansions
Elsewedy Electric, Qatar’s UCC sign to build Libyan power plant
The contract is worth at least EUR 800 mn
Four industrial developers receive land in New October City
IDG, Elsewedy, Polaris and CPC each took home new land, according to a report
Lawmakers call for price controls on building materials amid soaring prices
Reinforced steel prices have surged 50% in March
EFG Hermes and Orascom Construction report higher revenues in 2022
Investment bank and non-bank lending sees strong growth
Elsewedy Electric earnings, revenues rise more than 50% in 2022
Elsewedy Electric booked EGP 5.4 bn in net income after minority interest in 2022, up 51% y-o-y, according to its…
Offers roll in to build the EUR 1.6 bn Alexandria metro project
Three consortiums of local and international contractors have submitted final bids
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