{"id":659338,"date":"2025-01-26T00:00:00","date_gmt":"2025-01-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/26\/orascom-construction-hassan-allam-construction-elsewedy-electrics-rowad-near-completion-of-usd-1-bn-tripoli-third-ring-road-plus-siac-construction-al-amal-auto-forthing-ariston-telec\/"},"modified":"2025-01-26T00:00:00","modified_gmt":"2025-01-26T00:00:00","slug":"orascom-construction-hassan-allam-construction-elsewedy-electrics-rowad-near-completion-of-usd-1-bn-tripoli-third-ring-road-plus-siac-construction-al-amal-auto-forthing-ariston-telec","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/26\/orascom-construction-hassan-allam-construction-elsewedy-electrics-rowad-near-completion-of-usd-1-bn-tripoli-third-ring-road-plus-siac-construction-al-amal-auto-forthing-ariston-telec\/","title":{"rendered":"Orascom Construction, Hassan Allam Construction, Elsewedy Electric\u2019s Rowad near completion of USD 1 bn Tripoli Third Ring Road. PLUS: SIAC Construction, Al Amal Auto + Forthing, Ariston, Telecom Egypt + Cisco"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egyptian contractors are close to wrapping up one of Libya\u2019s mega infrastructure<\/strong> <strong>projects \u2014- Tripoli\u2019s Third Ring Road<\/strong>, with investments of USD 1 bn, Libyan Prime Minister Abdul Hamid Dbeibah told Asharq Business (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=IY24khMFRXs\" style=\"\" rel=\"noopener\">watch, runtime: 33:26<\/a>). Dbeibah noted that the consortium will complete the project \u201cvery soon.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Orascom Construction, Hassan Allam Construction, and Elsewedy Electric subsidy Rowad Modern Engineering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/edf74c27-c40b-4634-a864-57e5d6078972\" style=\"\" rel=\"noopener\">back in 2021<\/a> signed an agreement with the Libyan government to build a new ring road around Tripoli. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ariston wants to double its local production:<\/strong> Home appliances manufacturer Ariston has earmarked EUR 30 mn to double its production in Egypt this year, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02HheQrbQHzhZm8ihRZicgpSFWhpc5nKvMTFLGiLTEeQKxa1sThN1LtWPmZL1kNbful\" style=\"\" rel=\"noopener\">statement<\/a>. The company already has three factories in Obour City over 220k sqm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SIAC Construction eyes three big-ticket projects in Saudi Arabia: <\/strong>SIAC Holding Group subsidiary SIAC Construction is studying three separate projects totalling SAR 2 bn \u2014 currently equivalent to USD 533.7 mn \u2014 SIAC Holding Vice Chairman Ahmed Azmi told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/01\/25\/1863869\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The projects are in the infrastructure, service, and construction sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revamping Marsa Alam\u2019s Carnelia Resort: <\/strong>Nasr General Contracting will develop the fellow state-owned Holding Company for Tourism and Hotel\u2019s Carnelia Beach Resort in Marsa Alam, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02nQ7qvPsndfrnYsyaRiAeepcxQeMkcK4nxCcDre7VoaNgocWdedgafsKW91Jopvrdl?rdid=x114IEjC2EkONOih#\" style=\"\" rel=\"noopener\">statement<\/a>. The first phase of the development will come at an estimated cost of EGP 1.5 bn and include 206 rooms. Travco subsidiary Jaz Hotel Group will manage the hotel following the development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Amal Auto to bring Forthing cars to Egypt:<\/strong> Al Amal Auto, the local agent of Lada and BYD vehicles, became the exclusive agent of Chinese automaker Dongfeng\u2019s <a target=\"_blank\" href=\"https:\/\/www.forthingmotor.com\/\" style=\"\" rel=\"noopener\">Forthing<\/a> brand, Chairman Amr Soliman told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/01\/25\/1863872\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. With an initial investment of USD 5 mn, Al Amal will import and assemble Forthing vehicles locally \u2014 it will assemble Forthing\u2019s sedan and SUV models at its Tenth of Ramdan facility by mid-2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ECONOMY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt joins the WEF\u2019s Future of Growth Initiative:<\/strong> Planning Minister Rania Al Mashat has signed a letter of intent with the World Economic Forum (WEF) to launch the Egyptian Future of Growth Accelerator \u2014 an event that will bring together ministers, CEOs, and senior leaders from the public and private sectors as well as civil society to promote balanced growth, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1127086152795137?ref=embed_post&checkpoint_src=any\" style=\"\" rel=\"noopener\">statement<\/a>. Al Mashat will serve as co-chair of the Egyptian Future of Growth Accelerator, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The WEF\u2019s Future of Growth Initiative aims \u201cto recalibrate the global conversation on <\/strong><strong>gro<\/strong><strong>wth<\/strong> and support decision-makers in achieving a better balance between the quantity and quality of growth,\u201d according to the WEF\u2019s <a target=\"_blank\" href=\"https:\/\/initiatives.weforum.org\/future-of-growth-initiative\/about\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TE activates 2Africa\u2019s Mediterranean link: <\/strong>Telecom Egypt (TE) and Cisco have activated a Mediterranean subsea link on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d4916b47-0963-4024-9538-e457cf7cc8ab#:~:text=2Africa%3A%20The%2045k%2Dkm%20cable%20is%20being%20laid%20by%20a%20consortium%20of%20global%20telecom%20companies%20and%20will%20be%20the%20longest%20in%20the%20world%20once%20complete%2C%20linking%2046%20locations%20across%20Africa%2C%20Europe%20and%20Asia.%20The%20project%20will%20significantly%20upgrade%20Africa%E2%80%99s%20broadband%20and%20mobile%20connectivity%20when%20it%20is%20finished%20in%202024.\" style=\"\" rel=\"noopener\">45k km 2Africa subsea cable<\/a>, creating a high-capacity connection between Port Said and Marseille via Genoa in Italy, according to a <a target=\"_blank\" href=\"https:\/\/ir.te.eg\/en\/CorporateNews\/PressRelease\/215\/Telecom-Egypt-Activates-Mediterranean-Subsea-Link-on-2Africa-Using-Cisco-Technology\" style=\"\" rel=\"noopener\">statement<\/a>. The upgrade, powered by Cisco\u2019s Network Convergence System and Acacia\u2019s coherent modules, boosts capacity to meet the region\u2019s soaring demand for data-heavy services like cloud computing and AI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consortium will complete the project \u201cvery soon,\u201d said Libyan Prime Minister Abdul Hamid Dbeibah<\/p>\n","protected":false},"author":1,"featured_media":659339,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[111,9430,144,130,437,152,72,8553,955,7111,125,4502,220,363,212,843,436],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-ariston","tag-automotive","tag-construction","tag-davos","tag-elsewedy-electric","tag-enterpriseam","tag-hassan-allam-construction","tag-hospitality","tag-infrastructure","tag-investment-watch","tag-jaz-hotel-group","tag-libya","tag-orascom-construction","tag-telecom-egypt","tag-telecoms","tag-world-economic-forum","wpautop","entry"],"acf":{"mongo_id":"1c41960c-861b-4c94-849a-ea0a99cf28a0","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1937.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Orascom Construction, Hassan Allam Construction, Elsewedy Electric\u2019s Rowad near completion of USD 1 bn Tripoli Third Ring Road. PLUS: SIAC Construction, Al Amal Auto + Forthing, Ariston, Telecom Egypt + Cisco","related_issue":[659320],"teaser":"The consortium will complete the project \u201cvery soon,\u201d said Libyan Prime Minister Abdul Hamid Dbeibah","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.93f1f6fa-d05a-4970-9cdf-c30336d9b5ba.mp3"},"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>Orascom Construction, Hassan Allam Construction, Elsewedy Electric\u2019s Rowad near completion of USD 1 bn Tripoli Third Ring Road. PLUS: SIAC Construction, Al Amal Auto + Forthing, Ariston, Telecom Egypt + Cisco - 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\/2025\/01\/26\/orascom-construction-hassan-allam-construction-elsewedy-electrics-rowad-near-completion-of-usd-1-bn-tripoli-third-ring-road-plus-siac-construction-al-amal-auto-forthing-ariston-telec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orascom Construction, Hassan Allam Construction, Elsewedy Electric\u2019s Rowad near completion of USD 1 bn Tripoli Third Ring Road. 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