Back to the complete issue
Wednesday, 22 July 2020

Your top infrastructure stories of the week

Your top infrastructure stories of the week:

  • European Investment Bank to fund transport upgrades: More than half of the EUR 1.9 bn of EIB funding agreed last week will be allocated to public transport infrastructure.
  • Joint Egypt-Saudi electricity grid delayed to 2023: The Egyptian-Saudi electric interconnection project has been delayed by two years and is now expected to be operational at the end of 2023.
  • New logistics zones: The Supply Ministry plans to set up new logistics zones for commercial supply chains in South Sinai.
  • Metro railcar purchase postponed: The National Authority for Tunnels has postponed its purchase of railcars for Cairo Metro Line 4 to 15 September.
  • CPC invests in Sadat City industrial zone: Saudi Arabia’s Construction Products Holding Company has invested EGP 300 mn into its infrastructure development project for the Sadat City industrial zone

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; 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; 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.