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Hassan Allam, Egypt’s sovereign wealth fund sign joint investment agreement
Hassan Allam, Sovereign Fund of Egypt sign joint investment agreement: Our friends at Hassan Allam Holding and the Sovereign Fund…
infrastructure
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Orascom Construction adds USD 770 mn in new awards to 4Q 2019 backlog
Orascom Construction added USD 770 mn to its backlog in 4Q2019, growing the value of current projects under construction to…
Mitsubishi bids for Metro Line 4 train tender
Japanese conglomerate Mitsubishi has submitted a EGP 300 mn bid for a tender to supply 23 metro train carriages for…
Egytech Cables consortium signs EGP 1.2 bn contract to upgrade Cairo control center
A consortium led by Elsewedy Electric subsidiary Egytech Cables has signed a EGP 1.2 bn contract with the Egyptian Electricity…
Egypt in the news on 29 December 2019
Topping coverage on Egypt in the foreign press this morning: Two separate road accidents on a Port Said highway and…
Madbouly mandates civil service, administrative development tasks to CAOA chief
CABINET WATCH- Prime minister mandates civil service, administrative development tasks to CAOA chief. In the wake of Sunday’s cabinet shuffle,…
Legrand looks to acquire an Egyptian electric meter manufacturer
French industrial group Legrand aims to fully acquire an Egyptian company that manufactures electric meters and is currently in negotiations…
AfDB approves EUR 109 mn facility to fund Luxor water treatment projects
The African Development Bank board has signed off on a EUR 109 mn facility to develop sewage disposal and wastewater…
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