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Wednesday, 5 February 2020

Your top infrastructure stories of the week

Your top infrastructure stories of the past week:

  • Dry port award: A consortium of Elsewedy Electric, Schenker Egypt, and 3A International was awarded a contract to build the planned USD 100 mn Sixth of October dry port under a public-private partnership framework.
  • The government will build 1k fast-charging stations for electric vehicles across Egypt in the next three years, announced Public Enterprises Minister Hisham Tawfik
  • Industrial developer Polaris Parks will invest EGP 300 mn this year in the second phase of its Bosla SME industrial complex in Sixth of October.
  • A Chinese partner will reportedly be contracted by the government in 1H2020 to build two facilities to produce solar panels with a combined annual capacity of 5 GW in Aswan and Zaafarana.
  • Military companies to be partially privatized: Egypt has taken its first steps toward privatizing some military-owned companies including Wataniya Company for Roads and Egyptian Steel through a recently signed cooperation agreement that will see the fund market subsidiaries of military-affiliated NSPO to private investors.

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