Back to the complete issue
Monday, 5 September 2016

What we’re tracking this week

Egypt announced yesterday the indefinite postponement of the contract signing for impact studies on the Grand Ethiopian Renaissance Dam (GERD), Al Mal reported, citing Irrigation Ministry spokesperson Walid Haqiqi. The agreements, with French firms Artelia and BRL, were to have been signed in Khartoum today and tomorrow. The delay is due to “outstanding issues between the consultancy firms conducting the technical studies and the legal firm wording the contracts,” according to a statement by Haqiqi. Haqiqi also said the consulting firms were not granted entry visas for Sudan. Talks are taking place to determine a new date. As has often been noted, the dam is currently 70% complete, and even if the signing had taken place as scheduled, the impact studies would be finished long after the completion of the dam’s construction.

1.5 mn feddan reclamation project land up for tender this week? As much as 250K feddans of the 1.5 mn feddan desert reclamation project will be tendered to the private sector sometime this week as part of the first phase of the project, according to a report last week.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.