Back to the complete issue
Thursday, 3 June 2021

Nine PPP infrastructure projects get early approval

Nine proposed PPP infrastructure projects have been given preliminary approval by the cabinet, spokesperson Nader Saad said in a statement yesterday. Five of the proposed projects are a combination of dry ports and logistics centers, designed to reduce traffic through seaports and cut costs. This includes the Tenth of Ramadan dry port under a revenue-sharing agreement with some private players. A formal proposal for the latter project will be presented to the Cabinet during its upcoming meeting, Saad said. The projects also include new dry ports in Beni Suef, Sadat City and Borg El Arab, a logistics zone alongside the Sixth of October dry port, an expansion of the Alexandria and Dekheila ports and a new cargo terminal at Safaga.

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. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank 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; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.