News / Egypt

Orascom Construction Partners with COBOD for 3D Printing Construction Technology

Under the agreement, the two companies will help offer cost- and time-efficient technology in Egypt.

MNHD Posts EGP 534.3 Mn Consolidate Profits; Contracted Sales Reach EGP 6.7 Bn

Revenue rises to EGP 3.082 bn in January-September from EGP 1.383 bn last year.

QIA Considers Launching $1bn Renewable Energy Project in SCZone

Informed sources report that the project includes a green ammonia unit, agreed upon in principle between QatarEnergy and The Sovereign Wealth Fund of Egypt (TSFE), on the sidelines of a visit by an Egyptian delegation to Doha last month.

Steel Prices Jump EGP 2,000/Ton

Mohamed Hanafy, director of the Chamber of Metallurgical Industries, says that steel prices increased in the local market due to a group of reasons, including the rise in the USD exchange rate against the Egyptian pound and fluctuations in global raw material prices in the last two weeks.

Orascom Construction Consortium Starts Construction of 500 MW Wind Farm

The project will deliver clean power to over 800,000 homes. It will help Egypt’s efforts to transform towards renewable energy.

New 4K Housing for All Egyptians Units Underway in 6th of October, New Suez

Adel El-Naggar, Head of the 6th of October Development Authority, inspects works at the middle-income housing axis in the residential industrial area in the city, accompanied by authority officials.

IDA Awards Metito Best PPP Accolade for Kigali Water Project

The project includes the development, design, financing, construction, and operation of a bulk water facility with a capacity of 40,000 cubic meters per day.

Suez Cement Group, Intro Power to Build EGP 350 mn Solar Power Station

The new solar power plant will have the capacity to produce 45 gigawatts/hour of energy and offset 22,000 carbon dioxide emissions annually.

IMS to Provide Administrative, Marketing Advisory to Volcano Mall

IMS Investment and Management Solutions announces its appointment as administrative and marketing advisor to the Volcano Mall project in New Cairo’s Fifth Settlement district, Invest-Gate reports.

Anchor Developments to Inject EGP 10 bn Initial Investments

Anchor Developments, a new real estate development arm of Alsarh Holding Group, enters the real estate market with a robust investment plan and initial investments of EGP 10 bn, Invest-Gate reports.

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