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Egypt to establish EGP 6 bn company to manage monorail project
Egypt will set up a new EGP 6 bn company to manage the monorail project, Planning Minister Hala El Said…
Orascom Construction
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Toyota-Orascom alliance begins trial run on 250 MW Ras Gharib wind farm
A consortium comprised of Orascom Construction (OC), Engie, and Toyota Tsusho Corporation began trial runs on its 250 MW wind…
Orascom Construction adds USD 1.3 bn in new awards to backlog in 3Q 2019
Orascom Construction has added USD 1.3 bn to its backlog in 3Q2019, up 30% compared to a year earlier, the…
OCI NV, ADNOC complete fertilizer merger
M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger…
Orascom Construction to build EGP 636 mn HDB HQ in new capital
Orascom Construction signed an agreement with the Housing & Development Bank (HDB) on Sunday to construct the bank’s headquarters in…
NBE issues EGP 1.75 bn letters of guarantees for monorail projects
The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a…
NUCA signs MoU for waste-to-energy project in west Cairo
The New Urban Communities Authority (NUCA) has signed an MoU with Besixand Orascom Construction for a waste-to-energy project to supply…
Pyramids renovation project is set to open 1Q 2020
The government is due to open its USD 500 mn pyramids renovation project in 1Q2020, an Antiquities Ministry spokesperson said,…
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