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Elsewedy Electric to Build EGP 355.5 mn Substation in Sadat City

Elsewedy Electric's unit Elsewedy Electric for Trading and Distribution has announced an EGP 355.5 mn engineering, procurement, and construction (EPC) contract to establish a new substation in Sadat City, northwest of Cairo.

Maxim Signs Deals to Finalize Building of Bo Islands

Maxim Real Estate Investment (MREI) has signed some collaboration protocols with merely five Egypt-based real estate contractors to finalize construction of its integrated project on the North Coast, or "Bo Islands."

Gov’t Inks EUR 1.14 bn Operation Contract for Cairo Metro Line III

The National Authority for Tunnels (NAT) has inked a EUR 1.14 bn (EGP 21.4 bn) contract with French transportation firm RATP Dev to run and operate Cairo Metro Line III.

New Borg El Arab Sees EGP 5.33 bn to Date: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Alexandria's New Borg El Arab is being developed as a full-service industrial city, incorporating 10 free zones and 45,054 residential units, with investments valued at EGP 5.33 bn thus far.

Gov’t Invests EGP 174 bn in Water, Sewerage Sector in 6 Yrs

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has confirmed that almost EGP 174 bn were invested in Egypt's potable water and sanitation sector in the last six years.

TMG Holding’s Unit Partners With 2 Banks for East Cairo Projects

Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madinaty cities, at a total cost of EGP 4 bn.

Mabany Edris’ New Assuit Project Raises High Sales Amid Crisis

Egyptian property developer Mabany Edris has generated a whopping sales volume from its first flagship project in Upper Egypt's New Assuit, despite being rolled out in parallel with the emergence of the novel Coronavirus pandemic.

Egypt Targets EGP 134.2 bn Seawater Desalination Plants

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said merely EGP 134.2 bn are planned for investment to build several seawater desalination plants nationwide, in response to a possible water crisis.

Minister Inaugurates HyperOne Branch in New Sphinx

Egypt's Minister of Supply and Internal Trade Ali Moselhy has officially inaugurated the newest 50,000-square-meter branch of retail chain HyperOne in New Sphinx, west Cairo, coming with investments valued at EGP 650 mn.

Orascom Construction Sees 8.2% Rise in H1 2020 Revenues

Orascom Construction has unveiled posting an 8.2% YoY rise to USD 1.6 mn (EGP 25.8 mn) in its H1 2020 revenues, compared to USD 1.5 mn (EGP 23.7 mn) in the year-ago period, despite falling short in profitability.

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