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Sunday, 9 October 2022

Belgium’s DEME awarded dredging contract

Belgium’s DEME Group has been awarded large-scale dredging project as part of the development of Abu Qir Port, Al Mal reports, citing sources it claims are familiar with the matter. The dredging work will serve the set up of new islands and a marina for yachts in Alexandria. DEME has been active in the local market lately, earlier this year submitting a USD 3.6 bn proposal to build a green hydrogen project in the Suez Canal Zone (SCZone).

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

  • Al Babtain Power & Telecom Egypt signed two contracts worth a combined USD 52 mn with Giza Cable Industries and Elsewedy Electric to supply steel towers for the electrical interconnection between Saudi Arabia and Egypt, and a project in Morocco. (Disclosure | Disclosure)
  • Trial operations have begun on a stretch of the new Cairo Metro Line 3 running from Attaba to Kit Kat. The line is set to open during COP27. (Statement)
  • Some 63k tons of French wheat arrived at Safaga port yesterday. (Youm7)
  • The Health Ministry and Italy’s San Donato hospitals are discussing co-founding a medical training center in Port Said. (Statement)

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