Back to the complete issue
Wednesday, 11 September 2019

Hassan Allam-Samcrete consortium awarded 6 October dry port tender

The Transport Ministry has denied that a consortium of construction firms Hassan Allam and Samcrete has been awarded the contract to build and operate the USD 100 mn 6 October dry port. The local press had claimed Transport Minister Kamel El Wazir reportedly said the consortium had been tapped for the 100-feddan project, which will comprise cargo zones, customs clearance offices, and multipurpose storage facilities linked to key seaports, and will be developed under a public-private partnership (PPP) framework. We noted in June that the Finance Ministry’s PPP unit began accepting offers from several qualified consortiums in July. The qualified consortiums, according to the statement the ministry issued then, did not include Samcrete.

Clarified on 11 September 2019

An earlier version of this story had said that the Hassan Allam-Samcrete consortium was awarded the contract. The Transport Ministry has denied that the consortium was awarded the contract, saying in a statement later in the day that “the project’s technical offers are still under review.”

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.