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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…
construction
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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…
Egypt’s Orascom Construction releases 3Q2018 results
EARNINGS WATCH- Construction giant Orascom Construction announced overnight (pdf) like-for-like net income of USD 69.1 mn in 3Q2018 (up more…
Egypt’s NPPA nominates 200 local companies to participate in Dabaa project
The Nuclear Power Plants Authority (NPPA) has nominated 200 local companies to supply Russia’s Rosatom with components for the latter’s…
CONSTEC inks EGP 430 mn agreement with SODIC
Construction and Design (CONSTEC) was awarded contracts worth EGP 430 mn for construction works on SODIC’s projects in the North…
French VINCI-led consortium bids to construct Cairo Metro’s Line 3 airport route
A French consortium led by France’s VINCI has officially presented its bid in a tender to construct the third part…
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