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Monday, 25 January 2021

Also on our radar on 25 January 2021

Hassan Allam Holding lands contracts for seven major infrastructure projects: Hassan Allam Holding said yesterday (pdf) that subsidiaries Hassan Allam Construction and the International Environmental Technologies Company (Intech) have landed contracts for infrastructure, water and wastewater treatment projects in seven villages spanning five governorates. “The seven new projects will collectively have a total output capacity of 170k m3/day to serve more than 1.5 mn people,” Hassan Allam Construction CEO Mohamed El Dahshoury said, noting the group is also on track to deliver a water treatment plant in Six of October and a wastewater treatment facility in the new administrative capital.

The Public Enterprises Ministry will appoint a liquidator for Egyptian Iron & Steel in three weeks, around the same time that the spun-off mining company is registered on the EGX ahead of listing, Minister Hisham Tawfik said yesterday. The ministry plans to provide each worker with at least EGP 225k in compensation when the company is dissolved, and has taken out a EGP 1 bn loan from the National Investment Bank to fund the payments, Tawfik said yesterday.

Other things we’re keeping an eye on this morning:

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