Back to the complete issue
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.

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.