Bids Open for Saudi’s State Power Firm to Build, Operate Water Desalination Plant

Saudi Arabia's Water and Electricity Co.(WEC) invites expressions of interest in a project to develop a reverse osmosis desalination plant in Rabigh, Reuters reports.

NUCA, Canadian Transportation Firm ink MoU for Monorail Project

Egypt’s New Urban Communities Authority (NUCA) and Canadian aerospace and transportation company Bombardier Inc. sign a memorandum of understanding (MoU) for a monorail project, Invest-Gate reports.

Heliopolis Housing to Establish Joint Stock Firm

Heliopolis Company for Housing and Development’s Board of Directors approves establishing a joint stock firm with issued capital of EGP 240 mn and paid-up capital worth EGP 24 mn, Invest-Gate reports.

Indian Firm to Increase Investments in Egypt to USD 1.5 bn

TCI Sanmar, the Egyptian arm of the Indian Sanmar Petrochemicals Group, plans to increase its investments in Egypt to USD 1.5 bn, Invest-Gate reports.

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