Back to the complete issue
Monday, 22 January 2018

Sabbour Consulting bidding for two Dabaa nuclear power plant design contracts

Sabbour Consulting is bidding for two design contracts related to work on the Dabaa nuclear power plant, founder and Chairman Hussein Sabbour tells Al Shorouk. Sabbour has already been awarded three contracts for the project and will be joining other suitors in bidding for 100 other contracts that Russia’s Rosatom — which is running point on the project — still intends to tender. Last we heard, Rosatom had begun procedures to obtain the licenses needed to build and operate power plant, with sources suggesting that the extent of red tape entailed could cause a delay in the timeline for construction, which is scheduled to begin by 2020. We had also heard last month that Egypt is reportedly due to receive the first tranche of a loan from Moscow this month. Loans from Russia are covering 85% of the the USD 30 bn plant’s cost.

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 HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; 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; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.