Jumeirah at Etihad Towers, 27 November 2014. Housing and infrastructure are among the top priorities of the Egyptian government, Egypt’s Housing, Utilities & Urban Communities Minister Mostafa Madbouly told the MEED Invest in Egypt Conference this morning. He said the government’s…
Tag: Egypt
Egypt accelerates nuclear power plan: Al Ahram
The government of Egypt plans to invite bids for a nuclear power plant this year, the Cairo daily Al Ahram reported on 12 September. The newspaper reported that its first nuclear power plant will be sited in the Mediterranean town…
Ascom Geology & Mining wins initial New Suez Canal contract
Egypt’s Ascom Geology & Mining has won the contract to complete dry sand excavation of a 1km-long and 400 metre wide section of the New Suez Canal, Qalaa Holdings announced today. Ascom is one of three companies owned by Qalaa…
Kuwait Energy’s cash flow to improve in 2015: Fitch Ratings
Kuwait Energy, the Bahrain-based independent oil and gas company, should enjoy higher cash flows in 2015 as production from its Iraqi gas project starts and capital expenditure on development is scaled back, Fitch Ratings said in a statement issued on…
Egypt’s fuel price hike good for credit rating: Fitch
Sharp retail fuel prices increases in Egypt at midnight last Friday will help bolster the country’s creditworthiness, UK credit rating agency Fitch Ratings said today in a statement. “…fuel price hikes are an important step toward reducing subsidies that contribute…
One man won, but it’s the 83m Egyptians that matter
President El-Sisi’s supporters are celebrating the general’s sweeping victory in Egypt’s flawed presidential poll. But it’s time to focus on the needs of the 83m people who live in Egypt, a country where unemployment is more than 12 per cent…
Work to start this year on Arabtec’s Egypt housing project: The National
Construction of the first phase of Arabtec of the UAE’s AED 146bn ($40bn) joint venture housing programme in Egypt is due to start at Al-Obour City north-east of Cairo in the third quarter of 2014, the Abu Dhabi daily The National reported…
UAE wants aid for Egypt following El-Sisi election
UAE Foreign Affairs Minister Sheikh Abdullah bin Zayed al-Nahyan yesterday called for Egypt to receive international support following the victory of Abdel Fattah El -Sisi in last week’s Egyptian presidential elections. “We want to have partners from around the world…
AWCS told ENR plans $11bn 10-year investment programme
The annual Arabian World Construction Summit (AWCS) in Dubai today was told that the Egyptian National Railway (ENR) plans to invest 77bn Egyptian pounds ($11bn) in upgrading its network and operations in the ten years ending July 2023. The investment…
AWCS told Egypt seeking to press on with PPP projects
The annual MEED Arabian World Construction Summit (AWCS) in Dubai was told today that Egypt is pressing on with plans for major public-private partnerships (PPPs) and there is evidence that donor and commercial financial support will be available for them.…