{"id":548972,"date":"2022-08-29T04:00:02","date_gmt":"2022-08-29T04:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/"},"modified":"2022-08-29T04:00:02","modified_gmt":"2022-08-29T04:00:02","slug":"hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/","title":{"rendered":"Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania"},"content":{"rendered":"<p><strong>Hassan Allam Construction to work on Toshka irrigation project:<\/strong> Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a contract to install irrigation infrastructure as part of the project to reclaim land in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9b4070c4-107a-4218-85fa-b07f8daf5c35\">Toshka<\/a> for wheat production, the company said in <a href=\"https:\/\/www.hassanallam.com\/media-centre\/News\/details\/New-Zone-in-Toshka-Land-Reclamation\">a statement<\/a> last week. Under the contract, the company will build 124 km of irrigation infrastructure for a new zone which aims to turn 16k feddans of desert into agricultural land. The reclaimed land will be planted largely with wheat as part of the Sisi administration\u2019s drive to reduce reliance on imports.<\/p>\n<p><strong>El Sewedy Electric and Madkour have signed contracts worth almost EGP 1.2 bn<\/strong> with the Electricity Ministry to upgrade power infrastructure in the west of the country, <a href=\"https:\/\/bit.ly\/3CDOWCw\">Al Borsa<\/a> reports. The EGX-listed contractor will supply equipment for a transformer station at the <a href=\"https:\/\/www.sis.gov.eg\/Story\/161754\/New-Delta-Project?lang=en-us\">New Delta<\/a> project and provide electricity to substations near the Cairo-Alexandria Desert Road under separate contracts worth a combined EGP 1.1 bn. Meanwhile, Madkour signed a EGP 61 mn contract to provide electricity for a transformer station at the New Delta, according to the newspaper.<\/p>\n<p><strong>Enppi and Petrojet have together bought out the 50% stake held by <\/strong><strong>foreign <\/strong><strong>shareholders<\/strong><strong> in <\/strong><strong>International Drilling Material Manufacturing for<\/strong><strong> EGP 2.2 bn<\/strong>, with each of them acquiring 25% of the company, <a href=\"https:\/\/bit.ly\/3pIIdjm\">Al Borsa<\/a> reports, quoting sources it says are in the know. Enppi and Petrojet now each hold a 40% stake in the company, while Ganope owns the remaining 20%. Cairo Capital Securities acted as both the buy-side and sell-side broker.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Another <strong>63k tons<\/strong> of <strong>Romanian wheat <\/strong>arrived at Damietta port yesterday. (<a href=\"https:\/\/www.facebook.com\/damietta.port\/posts\/pfbid02pQog5HyvPfqWy5pKGMfQBxFAjgSRkQdCmbL8Fj3Q6zxnXTucr2bJg7yWsqwtyRnel\">Statement<\/a>)<\/li>\n<li>Microfinance player <strong>Tamweely <\/strong>signed an agreement with healthtech startup <strong><a href=\"https:\/\/www.bypa-ss.com\/home\">Bypass<\/a><\/strong> to offer its <a href=\"https:\/\/htag.health\/en\">HealthTag<\/a> scannable medical records card to Tamweely customers. (<a href=\"https:\/\/ent.news\/2022\/8\/Tamweely-Bypass.pdf\">Statement, pdf<\/a>)<\/li>\n<li>The Armed Forces\u2019<strong> Egypt Center for Research and Regenerative Medicine<\/strong> is establishing <strong>Africa\u2019s first biobank<\/strong> \u2014 a facility for storing biomedical samples \u2014 in partnership with Germany\u2019s <a href=\"https:\/\/www.askion.com\/\">Askion<\/a> and local lab equipment firm <a href=\"https:\/\/mira-lab.com\/\">Miralab<\/a>. (<a href=\"https:\/\/bit.ly\/3AprFlf\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Hassan Allam Construction to work on Toshka irrigation project: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a contract to install irrigation infrastructure as part of the project to reclaim land in Toshka for wheat production, the company said in a statement last week. Under the contract, the company will build [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,317,244,152,942,72,890,7111,9107,2140,2325,91,2324,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548972","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-electricity","tag-elsewedy-electric","tag-enppi","tag-enterpriseam","tag-hassan-allam-holding","tag-infrastructure","tag-irrigation","tag-madkour","tag-new-delta","tag-oil-and-gas","tag-petrojet","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"2424f174-ce4f-41ad-9bf3-06f0e00d06b7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548955],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania\" \/>\n<meta property=\"og:description\" content=\"Hassan Allam Construction to work on Toshka irrigation project: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a contract to install irrigation infrastructure as part of the project to reclaim land in Toshka for wheat production, the company said in a statement last week. Under the contract, the company will build [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-29T04:00:02+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania\",\"datePublished\":\"2022-08-29T04:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"commodities\",\"electricity\",\"Elsewedy Electric\",\"Enppi\",\"EnterpriseAM\",\"Hassan Allam Holding\",\"infrastructure\",\"irrigation\",\"Madkour\",\"New Delta\",\"oil and gas\",\"Petrojet\",\"wheat\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/\",\"name\":\"Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania - 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This is the same day that the state grain buyer was reported to have purchased 444k tons of Russian, French and Romanian wheat without issuing an international tender. The authority typically\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555573,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/18\/wheat-tender-price-rises-again\/","url_meta":{"origin":548972,"position":2},"title":"Wheat tender price rises again","author":"enterpriseam admin","date":"18 November 2021","format":false,"excerpt":"Wheat tender price rises again: GASC bought 60k tonnes of Romanian wheat in an international tender for shipment between 1-15 January at USD 346.97 per tonne, Reuters reports. This price is more than 4% higher than the previous tender, which saw the state grain buyer pay an average price of\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550205,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/investors-expect-14-deval-ahead-of-imf-facility-plus-news-from-hassan-allam-oc-and-schneider\/","url_meta":{"origin":548972,"position":3},"title":"Investors expect 14% deval ahead of IMF facility. 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