Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on June 26 that the parallel route to the Suez Canal - or June 30 Axis - will be inaugurated next month, slated to link Port Said, Ismailia, and Suez provinces.
Elsewedy Electric, an integrated energy and infrastructure solution provider, has entered into a purchase agreement with R.F. Energy, a subsidiary of F.G Europe, to acquire 100% stake in four Greece-based companies for EUR 55 mn.
Egyptian Electricity Transmission Company (EETC) and global technology giant Siemens have agreed to supply the North African country with its first digital power transformer - "Siemens' Sensformer," aiming to boost energy reliability and efficiency of substations for the delta area.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with representatives of the African Development Bank (AfDB) to review work done at two sanitation projects underway in west Cairo, which the bank funds with a total value of USD 150.6 mn.
Egypt’s transport ministry has officially announced the opening of three subway stations for pilot operation on June 15, as part of the fourth phase of Cairo Metro's Line III expansion project, coming shortly before the country hosts the 2019 African Cup of Nations (AFCON)
USA-based Netsync Network Solutions intends to highly invest in smart city technologies in Egypt and transfer its exceptional expertise to the market, given that the country comprises areas that can swiftly evolve into smart cities in a pace much like the New Administrative Capital (NAC), New Alamein, among others.
Alexandria's Mahmoudia Axis, one of the most important national projects undertaken by the Armed Forces Engineering Authority, is in preparation for its opening in mid-2019
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar revealed on May 25 that six water and sewage treatment plants are afoot in Beheira Governorate, with costs valued at EGP 1.778 bn.
Egyptian Armed Forces Engineering Authority is on the verge to finalize Oyoun Mousa-Sharm El Sheikh Road - a new 340-kilometer tunnel road that will shorten the trip from Cairo to Sharm El Sheikh to four hours - in conjunction with the presidential June 30 celebrations.
A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation was selected as the preferred bidder to carry out a EUR 3 bn (USD 3.36 bn) monorail project, linking 6th of October City to the New Administrative Capital (NAC).
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