US$ 2.3bn gas-fired combined cycle plant set for construction in Egypt
6th November 2018
According to *Constructionreviewonline news report, A US $2.3bn 2300 MW gas-fired combined cycle plant is set for construction in Egypt following a deal signed between a Egypt and Saudi Arabian utility developer, ACWA Power.[..]
Time Hotels Management to launch its first beach resort hotel in Egypt in December 2018
29th October 2018
According to *Tradearabia news report, UAE-based Time Hotels Management is set to launch its first beach resort hotel in Egypt this December. The new four-star property will be located in Ras Sudr, on Egypt’s Red Sea coast.[..]
Egypt to invite US companies to pump more investments into projects
25th October 2018
According to *Daily News Egypt, President Abdel Fattah Al-Sisi called on American companies to visit the infrastructure projects carried out by the Egyptian government during the past period, such as the New Administrative Capital and the New Suez Canal, according to Tarek Tawfik, head of the American Chamber of Commerce in Cairo (AmCham).[..]
Egypt signs US$ 1.2 bn agreement with Russian-Hungarian JV for rail infrastructure projects
1st October 2018
According to *ME Construction News report, the Egyptian Minister of Transport has signed a $1.2 billion agreement with a Hungarian joint venture group – which is being led by TransMach Holding, a Russian manufacturer of locomotives and rail equipment – for the development of rail infrastructure projects across the country.[..]
Egypt announced as Country of Honor at Cityscape Global
17th September 2018
Largest, most influential real estate investment event shines a spotlight on projects expanding Egyptian property market[..]
Orascom Construction net income increases 113.5% in Q2 2018
7th September 2018
According to *Tradearabia news report, Orascom Construction, a leading global engineering and construction contractor in the region, said its net income attributable to shareholders increased 113.5 per cent in the second quarter of 2018 to $50.6 million compared to $23.7 million for the same period last year.[..]
Egyptian government set to grant residency to foreign investors
8th August 2018
According to *Tradearabia news report, Egyptian government is set to grant residency to foreign investors for one-, three- and five-year periods in return for property purchase, according to a report.[..]
Atraba Integrated Holding to build integrated medical city in Egypt
7th August 2018
According to *Tradearabia news report, Saudi-based Atraba Integrated Holding has announced plans to build an integrated medical city project over a sprawling 500,000-sq-km area in Egypt at an initial investment of $1 billion, said a report.[..]
HA Utilities to develop utility-scale solar projects across Egypt
27th July 2018
According to *Tradearabia news report, HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam Holding (HAH), is entering a joint venture with UK-based Lightsource BP to develop and operate utility-scale solar projects across Egypt.[..]
Orascom consortium wins contract for development of 500MW wind farm in Egypt
24th July 2018
According to *ME Construction News report, a contract for the development of a 500MW wind farm in Ras Ghareb, Egypt has been awarded to a consortium that includes Orascom Construction, Engie, and Toyota Tsusho Corporation/Eurus Energy Holdings Corporation. According to a statement from Orascom, the project will be delivered on a build-own-operate (BOO) model.[..]