Egypt has agreed US$ 1.2 bn light rail system deal
18th January 2019
According to *Tradearabia news report, Egypt has agreed a $1.2 billion deal with the Export-Import Bank of China (EximBank) to finance a light rail system from an industrial city on the outskirts of Cairo to a new capital it is building, according to a Reuters report.[..]
Orascom Development Holding inks deal with Thomas Cook to build two hotels in Egypt
20th December 2018
According to *ME Construction News report, developer Orascom Development Holding (ODH) has inked a deal with Thomas Cook to build two hotels in Egypt. The Casa Cook hotel will open in a prominent area of the Red Sea development, while Cook’s Club will open in El Gouna.[..]
Jamal Al Ghurair to build US$ 1 bn agro-industrial complex in Egypt
18th December 2018
According to *Constructionweekonline news report, Jamal Al Ghurair, managing director of Dubai’s Al Khaleej Sugar Refinery, will build a $1bn (AED3.67bn) agro-industrial complex to manufacture beet sugar, in collaboration with the Egyptian government.[..]
KFAED funds construction of four water desalination plants in Egypt worth US$ 50 Mn
11th December 2018
According to *Tradearabia news report, Kuwait Fund for Arab Economic Development (KFAED) said it has signed a deal with Egyptian government to provide funding worth KD15 million ($50 million) for the construction of four water desalination plants in South Sinai region of the country.[..]
Orascom Construction signed US$ 985 mn new awards in MENA region
30th November 2018
According to *Constructionweekonline news report, Egypt’s Orascom Construction signed approximately $985m of new awards in the Middle East and Northern Africa (Mena) during the first nine months of 2018, $300m of which were added in the third quarter of the year.[..]
US$ 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[..]