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Scatec inks PPA with EgyptAlum for 1.1 GW solar plant
The renewables player is hoping to break ground on the project in the next 12 months
Orascom Development, Rameda, EgyptAlum, Ibn Sina Pharma, Qalaa Holdings, and Eipico join the EGX30 after index review
Ezz Steel, B Investments, Faisal Islamic Bank of Egypt, Cleopatra Hospitals, Elsewedy Electric, Heliopolis Housing were removed from the blue-chip…
Gov’t mulls USD 250 mn EgyptAlum revamp
The revamp would keep the company’s assets, while developing production lines and capacity
Arab Organization for Industrialization to set up tire manufacturing city with unnamed Chinese partner
The first tire factory in the city will kick off operations within a year
Port Said for Engineering Works to build USD 80 mn foil factory. PLUS: Turkish, Chinese investors invest USD 50 mn in sanitary ware production in Egypt
Port Said for Engineering Works is set to establish a USD 80 mn aluminum foil factory
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
Turkey’s Beko has officially set up shop in Egypt with new USD 100 mn factory. PLUS: SEIC + Abu Qir Fertilizers, Beko, EgyptAlum, Zilla Capital, City Lab + Cairo Clinical Lab
Beko is among a number of companies that have received golden licenses to operate in Egypt
City Lab is set to finalize its acquisition of Cairo Clinical Labs tomorrow. PLUS: MB Engineering, Educalty, NextEra Education, EgyptAlum
City Lab’s board also approved the fair value study of acquisition target Cairo Clinical Labs, which values the firm at…
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