Back to the complete issue
Monday, 18 October 2021

Elsewedy Electric signs agreement to build monorail substations

EETC, Elsewedy Electric ink monorail substations contracts: Elsewedy Electric has signed an EGP 178 mn contract with the Egyptian Electricity Transmission Company (EETC) to build substations in Sheikh Zayed for the upcoming monorail project. The contract will see the latter construct a 66/22-kilovolt (kV) substation that will power the part of the monorail passing through the 6th of October area.

The EU is in talks with Cairo to approve its new EU-Egypt Association Agreement, before finalizing the updated agreement at an upcoming Association Council meeting, said head of the EU Delegation to Egypt, Christian Berger said, according to Al Dostor. The agreement has been updated to prioritize covid response, health and vaccines, green energy and the digitization of the economy.

European travel operator TUI is targeting making 40 trips to Red Sea resorts from UK cities before the end of the year, after landing its first flights to Hurghada and Sharm El Sheikh last Saturday.

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; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.