{"id":617195,"date":"2024-03-18T00:00:00","date_gmt":"2024-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/18\/govt-on-the-lookout-for-a-firm-to-take-over-gregy-prep-plus-news-from-raya-it-madbouly\/"},"modified":"2024-03-18T00:00:00","modified_gmt":"2024-03-18T00:00:00","slug":"govt-on-the-lookout-for-a-firm-to-take-over-gregy-prep-plus-news-from-raya-it-madbouly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/18\/govt-on-the-lookout-for-a-firm-to-take-over-gregy-prep-plus-news-from-raya-it-madbouly\/","title":{"rendered":"Gov\u2019t on the lookout for a firm to take over GREGY prep. PLUS: News from Raya IT, Madbouly"},"content":{"rendered":"

\n

INFRASTRUCTURE-<\/p>\n

GREGY is coming: <\/strong>The government will soon launch a tender to select an international consulting firm to develop a plan and prepare the necessary studies for an electricity linkup with Greece that will enable exports of Egyptian renewable energy into Europe \u2014 dubbed GREGY<\/a> \u2014 CEO of the Egyptian Electricity Transmission Company Sabah Mashaly told Arab World News<\/a>. It remains unclear how much the project will cost but the EU will fund the project through grants, she added.<\/p>\n

\n

POLICY-<\/p>\n

The latest on import backlog clearing efforts: <\/strong>The central bank is supplying the necessary FX to speed up the release of goods, CBE governor Hassan Abdalla said during a meeting<\/a> with Prime Minister Moustafa Madbouly. The meeting centered around the state\u2019s efforts to ease the import backlog. After the float of the EGP and flow of FX brought back FX liquidity into the banking system, the Madbouly government has made easing the backlog one of its top priorities, with some USD 3 bn worth of goods released in the span of a few days, Madbouly said last week<\/a>. <\/p>\n

Madbouly and Abdullah also discussed structural reforms <\/strong>aimed at making the economy more flexible. The PM mentioned the \u201cunprecedented\u201d interest in the industrial sector with the aim of increasing production and exports.<\/p>\n

\n

M&A-<\/p>\n

Raya IT to acquire outsourcing firm?<\/strong> Raya Holding\u2019s IT arm Raya Information Technology is looking into acquiring an unnamed outsourcing and application development company, it said in an EGX disclosure (pdf)<\/a>. The company will announce the transaction once the decision is approved by its board.<\/p>\n","protected":false},"excerpt":{"rendered":"

It remains unclear how much the project will cost but the EU will fund the project through grants<\/p>\n","protected":false},"author":1,"featured_media":617196,"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":[111,309,244,72,7192,381,281,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-customs","tag-electricity","tag-enterpriseam","tag-eu","tag-greece","tag-moustafa-madbouly","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"d86d26f5-b53e-474c-9697-0194b181a5d3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1495.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt on the lookout for a firm to take over GREGY prep","related_issue":[617181],"teaser":"It remains unclear how much the project will cost but the EU will fund the project through grants","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.bc4c7539-4543-4dcd-856f-8a4275ce47f9.mp3"},"yoast_head":"\nGov\u2019t on the lookout for a firm to take over GREGY prep. 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John Karydas, the CEO of the renewables unit of Copelouzos \u2014 which together with Samaras Group is drawing up plans\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/electricity-energy.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546888,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/the-war-in-ukraine-is-accelerating-plans-to-link-our-electricity-grid-to-greece\/","url_meta":{"origin":617195,"position":2},"title":"The war in Ukraine is accelerating plans to link our electricity grid to Greece","author":"enterpriseam admin","date":"1 June 2022","format":false,"excerpt":"Plans to link our electricity grid with Greece could move faster after the shunning of Russian fossil fuels: The Greek developer of a proposed direct link between the electricity grids of Egypt and Greece expects the EU to accelerate the project as the bloc looks to transition away from Russian\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/93.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619248,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/29\/efg-hermes-one-to-launch-a-digital-onboarding-process-plus-gregy-tenders-go-live-qatari-developer-eyes-sixth-of-october-project\/","url_meta":{"origin":617195,"position":3},"title":"EFG Hermes ONE to launch a digital onboarding process. PLUS: GREGY tenders go live, Qatari developer eyes Sixth of October project","author":"enterpriseam admin","date":"29 April 2024","format":false,"excerpt":"EFG Hermes One is the first in the country to get the green light from the FRA for the new feature","rel":"","context":"In "Also on our Radar"","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\/2024\/2\/2470.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549448,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/gregy-egypts-rumored-world-cup-bid-get-attention-internationally\/","url_meta":{"origin":617195,"position":4},"title":"GREGY + Egypt\u2019s rumored World Cup bid get attention internationally","author":"enterpriseam admin","date":"18 September 2022","format":false,"excerpt":"On a slow morning in the foreign press, Egypt and Greece\u2019s 3 GW electricity interconnector is getting the most attention: Euronews and Africa News are both looking at the EUR 3.5 bn GREGY project, which will supply Europe electricity as it transition away from Russian fossil fuels amid a historic\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549099,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/egypt-greece-plot-9-5-gw-renewables-project-plus-private-sector-solar-tender-coming\/","url_meta":{"origin":617195,"position":5},"title":"Egypt + Greece plot 9.5 GW renewables project. 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The electricity would be generated by wind and solar plants and would be shipped across the Mediterranean via subsea cables, the\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=617195"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617195\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/617181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/617196"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=617195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=617195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=617195"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=617195"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=617195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}