Back to the complete issue
Wednesday, 19 August 2020

Your top infrastructure stories of the week

Your top infrastructure stories of the week:

  • Cairo Metro Line 3 inaugurated, ticket increase: President Abdel Fattah El Sisi inaugurated the fourth phase of the EGP 32 bn Cairo Metro Line 3 and metro price tickets all went up by at least EGP 2. Orascom Construction and Arab Contracts were the main contractors on phase four.
  • The Suez Canal Authority is building four new tunnels in Port Said and Ismailia as part of its plans to invest EGP 16.9 bn this fiscal year, the local press reports.
  • Tahrir Square renovations: The renovations of Tahrir Square cost the government EGP 150 mn, Assistant Housing Minister Abdel Khalek Ibrahim said (watch, runtime: 05:31).
  • EGP 700 mn electricity line in North Sinai: The Electricity Ministry is planning to build a new 180 km, 500 KV power transmission line in North Sinai that will cost some EGP 700 mn, according to Al Mal. The Baghdad-Taba line is expected to be operational by the end of 2021.
  • Benya Capital to build a EGP 1 bn fiber optic cable factory in SCZone: Benya Capital signed a final agreement with the Arab Organization for Industrialization to build an EGP 1 bn fiber optic cable factory in the Suez Canal Economic Zone.
  • HA pens pact with AOI: Hassan Allam Holding has signed an agreement with the Arab Organization for Industrialization (AOI) to enhance cooperation in the implementation of national projects, Al Mal reports.

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; 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.