Construction cost of Phase 3 Cairo Metro Line worth US$ 5.8 bn
11th July 2019
According to *Constructionweekonline news report, Egypt’s Minister of Transportation, Kamel El-Wazir, revealed that the construction cost of Cairo Metro Line 3’s third phase was $5.8bn, adding that 20% of the line, spanning 17.7km across Cairo, was complete. [..]
Orascom's new contract award wins for Q2 grew by 40%
10th July 2019
According to *Tradearabia news report, Orascom Construction has announced that its new contract award wins for the second quarter grew 40 per cent year-on-year to $935 million.[..]
ADES picked to deliver Admarine IV offshore jack-up rig in Egypt
25th June 2019
According to *Constructionweekonline news report, oil and gas drilling and production services provider ADES International Holding said it had been picked by a “leading” Egyptian energy company for a two-year contract to deliver the Admarine IV offshore jack-up rig in Egypt, and extended its Rig 828 onshore contract by one year in Algeria.[..]
Egypts spends US$ 1.31 bn on Phase 1 of New El Alamein City project
21st June 2019
According to *Tradearabia news report, Egypt has spent nearly E£22 billion ($1.31 billion) on the Phase One of its ambitious New El Alamein City project since last June, excluding the costs of sewage, water, and wastewater treatment plants, said a report.[..]
FM market in Saudi Arabia, Egypt, and the UAE to continue to grow in 2019
23rd May 2019
According to *Constructionweekonline news report, the facilities management (FM) market in Saudi Arabia, Egypt, and the UAE will continue to grow in 2019, Eltizam Facilities Management Group said, citing Technavio market research, adding that Middle East government-backed infrastructure such as metros, railways, and airports – as well as strategic projects such as Expo 2020 Dubai; the futuristic Neom super-city; and The Red Sea Project – would spur this evolution. [..]
Contract awarded for Bahr Albaqar wastewater treatment plant in Egypt
15th May 2019
According to *Constructionreviewonline news report, the Egyptian government, through the country’s Armed Forces Engineering Authority has awarded Arab Contractors and Orascom Construction a US $739m contract for Engineering, Procurement and Construction (EPC) of Bahr Albaqar wastewater treatment plant located near Port-Saïd in the northeastern part of the country.[..]
Egypt to build 1.1 mn residential units over next five years
18th April 2019
According to *ME Construction News report, Egypt’s Ministry of Housing has begun work on a programme that will see the construction of over 1.1 million residential units over the next five years.[..]
Egypt to launch the Benban Solar Park in August 2019
11th April 2019
According to *Constructionreviewonline news report, Egypt is set to launch the Benban Solar Park- the largest park in the world in August this year. Ministry of Energy and Electricity revealed the reports.[..]
Acwa Power to invest around US$ 3 bn in Egypt’s electricity projects
18th March 2019
According to *Tradearabia news report, Saudi-based Acwa Power, a major developer of power and water desalination projects, is set to invest around $3 billion in Egypt’s electricity projects during this year. [..]
Savills signs prominent JV with Egyptian company Sphere
15th March 2019
According to *MENA Herald news report, global real estate advisor, Savills announced the signing of a prominent joint venture with Egyptian company Sphere, to cover the full range of real estate services in Egypt. The new partnership, which will trade as Savills, will combine local knowledge with international best practice. As a result of this partnership, Savills has established a new team in Egypt which will grow from three to around 30 people in the next few months.[..]