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Wednesday, 14 October 2020

Your top infrastructure stories

Your top infrastructure stories for the week include:

  • The Egyptian Chemical Industries (Kima) and Italian Tecnimont have agreed to sign a settlement agreement which would see Tecnimont compensated for losses it suffered from the EGP devaluation during work on the KIMA 2 project, according to the local press.
  • The Suez Canal Economic Zone can develop and oversee electricity distribution networks after being granted a license from the Electric Utility and Consumer Protection Regulatory Agency.
  • Revenue Collection Systems France will supply and install ticket vending machines in Cairo Metro stations after a contract was signed with the National Authority For Tunnels.
  • Indian sweet maker Monginis plans to open a EGP 150 mn factory in Sadat City within the next three months.

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