Back to the complete issue
Sunday, 21 June 2020

Elsewedy signs EGP 423 mn agreement to develop Mostakbal City infrastructure

Elsewedy Electric’s Trading & Distribution unit signed a EGP 423.3 mn agreement with El Mostakbal Urban Development to complete electricity and communications infrastructure for sections of phase three of Mostakbal City, according to a company statement (pdf). Work should be complete within 22 months. Elsewedy Electric had signed in 2017 an EGP 620 mn agreement to develop infrastructure in phase one of the project, which is being developed near the new administrative capital.

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. © 2020 Enterprise Ventures LLC.