{"id":559580,"date":"2021-01-26T03:59:54","date_gmt":"2021-01-26T03:59:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/also-on-our-radar-on-26-january-2021\/"},"modified":"2021-01-26T03:59:54","modified_gmt":"2021-01-26T03:59:54","slug":"also-on-our-radar-on-26-january-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/26\/also-on-our-radar-on-26-january-2021\/","title":{"rendered":"Also on our radar on 26 January 2021"},"content":{"rendered":"

An EGP 13 bn revamp at state-owned Egyptalum will see the state-owned <\/strong>company upgrade its equipment<\/strong> to newer, more energy-efficient models as part of a plan to bring down the company\u2019s energy bill, which makes up 40% of production costs, according to a Public Enterprises Ministry statement<\/a>. American engineering firm Bechtel is on board to prepare the feasibility study, which should be complete in 1H2021, ahead of the project\u2019s implementation. Egyptalum began a EGP 7 bn project<\/a> to upgrade a production line in early 2020, as part of its plan<\/a> to expand its annual production capacities to 570k tonnes. The company also received six proposals for a tender launched in November<\/a> for the consultancy services to develop the feasibility study for a car rims production line.<\/p>\n

Another thing we\u2019re keeping an eye on this morning:<\/strong> Qatar Airways is <\/strong>actively looking<\/a><\/strong> to hire a country manager for Egypt,<\/strong> and airport supervisors in the UAE, after it agreed to restore diplomatic ties with the two countries earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

An EGP 13 bn revamp at state-owned Egyptalum will see the state-owned company upgrade its equipment to newer, more energy-efficient models as part of a plan to bring down the company\u2019s energy bill, which makes up 40% of production costs, according to a Public Enterprises Ministry statement. American engineering firm Bechtel is on board to […]<\/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":[111,1001,102,1008,72,875,79,156,3284,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559580","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-bechtel","tag-capital-markets","tag-egypt-aluminum","tag-enterpriseam","tag-new-administrative-capital","tag-public-enterprises-ministry","tag-public-sector","tag-qatar-airways","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"a87ca93d-448e-4f66-9543-3ea0f602b47f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559558],"teaser":"","voice_url":""},"yoast_head":"\nAlso on our radar on 26 January 2021 - 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\/2021\/01\/26\/also-on-our-radar-on-26-january-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our radar on 26 January 2021\" \/>\n<meta property=\"og:description\" content=\"An EGP 13 bn revamp at state-owned Egyptalum will see the state-owned company upgrade its equipment to newer, more energy-efficient models as part of a plan to bring down the company\u2019s energy bill, which makes up 40% of production costs, according to a Public Enterprises Ministry statement. 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The ministry could sell a 20-25% stake to the investor, Tawfik separately told CNBC Arabia (watch, runtime: 3:55)\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592987,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egyptalum-to-start-egp-7-bn-upgrade-project-in-early-2020\/","url_meta":{"origin":559580,"position":1},"title":"Egyptalum to start EGP 7 bn upgrade project in early 2020","author":"enterpriseam admin","date":"13 November 2019","format":false,"excerpt":"Egypt Aluminum (Egyptalum) will begin a EGP 7 bn project to upgrade a production line in early 2020, Mahmoud Agouz, the coordinator of a company committee responsible for upgrade projects, said. The upgrade is expected to increase the state-owned manufacturer\u2019s annual production capacity to 445k tonnes from 320k. The move\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548772,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/22\/saudi-wealth-fund-is-sizing-up-egyptalum-and-potentially-egyptian-media-production-city-united-bank\/","url_meta":{"origin":559580,"position":2},"title":"Saudi wealth fund is sizing up EgyptAlum \u2014 and potentially Egyptian Media Production City + United Bank","author":"enterpriseam admin","date":"22 August 2022","format":false,"excerpt":"Saudi Arabia\u2019s sovereign wealth fund is making headlines in Cairo with at least three possible high-profile acquisitions now appearing to be in its pipeline, including an aluminum maker, a bank and Egyptian Media Production City. The fund has not confirmed any of the three potential transactions.A stake in EgyptAlum? The\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627265,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/bechtel-is-sole-bidder-in-egyptalum-tender-to-upgrade-production-line\/","url_meta":{"origin":559580,"position":3},"title":"Bechtel is sole bidder in Egyptalum tender to upgrade production line","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"The US\u2019 Bechtel Corporation is the sole bidder in a tender issued by Egyptalum to upgrade its seventh production line, Al Mal reports. The company had postponed the tender to 24 July from June in the hopes of drumming up more interest. Egyptalum is currently studying Bechtel\u2019s offer. No additional\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590900,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/27\/singapore-chemicals-firm-eyes-egypt-plus-egyptalum-valu-and-a-usaid-backed-entrepreneurship-initiative\/","url_meta":{"origin":559580,"position":4},"title":"Singapore chemicals firm eyes Egypt. 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