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Wednesday, 9 September 2020

Your top infrastructure stories

Your top infrastructure stories for the week include:

  • Electricity privatization deadline pushed until 2025: The government has extended the timeline to privatize the electricity sector by two years, giving the state’s electricity companies until 2025 to complete the transition.
  • Tender awarded for Sokna-New Alamein high-speed rail: An Egyptian-Chinese consortium was awarded a tender for the high-speed rail link between Ain Sokhna and New Alamein, giving it responsibility for the design, finance and operation of the project.
  • SFE to invest in desalination: The Sovereign Wealth Fund of Egypt (SFE) is investing EGP 30 bn into desalination projects as part of the first phase of the government’s EGP 134.2 bn plan to build desalination plants across the country.
  • SFE to set up infrastructure sub-fund: The Sovereign Fund of Egypt will set up a sub-fund dedicated to channelling investments into infrastructure, Planning Minister Hala El Said announced.
  • ElSewedy wins Sadat City substation contract: ElSewedy Electric for Trading and Distribution has signed a EGP 355.5 mn EPC contract to build an electrical substation in Sadat City.
  • The government is assessing setting up logistical zones across north and south Sinai to facilitate the movement of goods, a cabinet statement said on Tuesday. The first centers will likely be set up in Salam city (east of Port Said), Ras Sidr and the Sinai “Technology Valley” area.

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