News tagged "Egypt"

Saudi-Egypt Power Grid project faces delays in floating tenders

Saudi-Egypt Power Grid project faces delays in floating tenders

20th July 2014

Contractors planning to bid for a US$ 1.6 billion power project linking Saudi Arabia and Egypt’s electricity grids will have to wait until December following delays to the tendering process.The tender was originally scheduled for release at the beginning of the year but has suffered delays as further preliminary studies are carried out on the project.[..]

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Drake & Scull wins US$600 Million Egyptian contract

13th May 2014

Drake & Scull International was awarded a US $600 Million contract by Egyptian Carbon Holdings for the new $5bn Tahrir Petrochemical Corporation (TPC) Complex at the head of the Suez Canal. The TPC petrochemicals complex includes a 4.4mn tonne per year (t/y) naptha cracker and related downstream facilities capable of producing 1.4mn t/y polyethylene, 90,000 t/y propylene, 250,000 t/y butadiene, 350,000 t/y of benzene and 100,000 t/y hexene-1.[..]

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Maire Tecnimont-Archirodon JV bagged US$1.7 billion Egyptian Petrochemical deal

8th April 2014

Carbon Holdings Ltd. (CHL) of Egypt awarded  engineering, procurement, construction, and commissioning (EPCC) contract for the development of its Tahrir petrochemical complex planned at Ain Sokhna, Egypt to a consortium consisting of Maire Tecnimont SPA, Milan, and Netherlands-based Archirodon Group NV. The contract was signed on April 6 in Cairo, Maire Tecnimont said. The EPCC contracts, awarded on a direct-negotiation basis, are valued at $1.7-1.95 billion, 50% of which will go to Maire Tecnimont, the company said.[..]

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MAF to Invest Dhs.750m in VOX Cinemas Expansion

18th March 2014

Majid Al Futtaim (MAF) has announced plans to spend Dhs.750m on 12 new cinemas in the GCC and Egypt. The new cinemas, including five already announced, will be in the UAE, Oman, Qatar, Bahrain and Egypt and rolled out from June this year. The expansion will begin with the opening of Oman’s two largest cinemas, in Muscat City Centre and Qurum City Centre.[..]

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