Back to the complete issue
Monday, 2 July 2018

What we’re tracking this week

The Tenders and Auctions Act will is up for a plenary session discussion “within days,” House Planning and Budgeting Committee Yasser Omar said on Thursday. A final vote on the law may be pushed to the next legislative session, however, with this current one nearing the end of its term, according to Omar. The House was expected to vote on the law — which would decentralize tender procedures and streamline the selection process for winning bids — last month.

World Bank to offer rail and river transport funding? Transport Minister Hisham Arafat has resumed talks with a World Bank delegation for additional funding for railway and river transport projects, Al Mal reports. The minister had previously met with a delegation from the bank to discuss the issue in May. The World Bank is already providing Egypt with more than USD 500 mn in separate loans for railway development projects.

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; 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.