{"id":611612,"date":"2023-12-10T00:00:00","date_gmt":"2023-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/five-intl-firms-qualify-for-freight-railway-bypass-tender-plus-acud-beeah-wheat-telecom-egypt\/"},"modified":"2023-12-10T00:00:00","modified_gmt":"2023-12-10T00:00:00","slug":"five-intl-firms-qualify-for-freight-railway-bypass-tender-plus-acud-beeah-wheat-telecom-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/five-intl-firms-qualify-for-freight-railway-bypass-tender-plus-acud-beeah-wheat-telecom-egypt\/","title":{"rendered":"Five int\u2019l firms qualify for freight railway bypass tender. PLUS: ACUD, Beeah, wheat, Telecom Egypt"},"content":{"rendered":"

THE RACE IS ON FOR RAIL CONTRACT: <\/strong>Five international firms \u2014 including Chinese rail firms CRIG and CRRC, Siemens, Alstom, and Thales \u2014 have reportedly qualified for a USD 400 mn tender to install the signaling and control systems for the Cairo-Alexandria freight railway bypass<\/a>. (Asharq Business<\/a>)<\/p>\n

ACUD LOOKS TO RESTRUCTURE AHEAD OF IPO <\/strong>\u2014 its HR systems, policies and procedures, and org chart, that is. The Administrative Capital for Urban Development (ACUD) said in a statement (pdf)<\/a> last week that it has hired Jobmaster<\/a> ahead of its planned listing on the EGX. ACUD Chairman Khaled Abbas said last month<\/a> that the company could raise more than EGP 150 bn via a public share sale on the EGX, which he said could take place as soon as 2Q 2024. The company, a joint venture between the military and the Housing Ministry, could offer 5-10% of its shares on the bourse. <\/p>\n

COP WATCH- <\/strong>Emirati sustainability firm Beeah Group<\/a> will develop solid waste management infrastructure in the new capital under a contract signed with the Environment Ministry at COP28. <\/strong>(Environment Ministry statement<\/a>)<\/p>\n

TE GETS A TELLING-OFF:<\/strong> Telecom Egypt has been fined EGP 20 mn by regulators after a tech blip<\/a> caused internet disruption for several hours across the country last week. The firm has handed out 10 GB<\/a> in compensation to each of its users. (NTRA<\/a>statement<\/a>, pdf<\/a>)<\/p>\n

BIG WHEAT <\/strong>BUY-<\/strong> GASC has purchased 420k tonnes of Russian wheat for delivery in January. The state grain buyer purchased 180k tonnes<\/a> of Russian and Ukrainian wheat last week.(Reuters<\/a>)<\/p>\n

A SWEETENER FOR RATION CARD HOLDERS-<\/strong> The Supply Ministry is making sugar available to ration card holders again in a move aimed at easing the impact of spiking sugar prices on vulnerable households. (Supply Ministry statement<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

THE RACE IS ON FOR RAIL CONTRACT: Five international firms \u2014 including Chinese rail firms CRIG and CRRC, Siemens, Alstom, and Thales \u2014 have reportedly qualified for a USD 400 mn tender to install the signaling and control systems for the Cairo-Alexandria freight railway bypass. (Asharq Business) ACUD LOOKS TO RESTRUCTURE AHEAD OF IPO \u2014 […]<\/p>\n","protected":false},"author":1,"featured_media":611613,"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":[1],"tags":[111,1249,11853,214,317,11854,72,564,550,378,7101,270,484,98,777,212,11541,207,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-also-on-our-radar","tag-alstom","tag-china-railway-international-group","tag-cit","tag-commodities","tag-crrc","tag-enterpriseam","tag-food","tag-gasc","tag-national-telecom-regulatory-authority","tag-railways","tag-russia","tag-siemens","tag-subsidies","tag-supply-ministry","tag-telecom-egypt","tag-thales","tag-transport","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"98575a69-d468-418a-bec8-147d30a089ef","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/580.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Five int\u2019l firms qualify for freight railway bypass tender. 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