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Tuesday, 22 November 2022

15 Egyptian + Arab consortiums could bid for PPP school project

Among the other stories we’re paying attention to this morning:

EDUCATION-

  • As many as 15 consortiums have qualified to submit bids to build 1k language schools by 2030 under public-private partnership (PPP) framework, Atter Hannoura, director of the Finance Ministry’s PPP unit, reportedly told Hapi Journal. The terms of the tender are expected to be released before the end of the year.

INFRASTRUCTURE-

  • Alexandria Port Authority signed a MoU with a Chinese consortium to plan the construction, management and operation of the logistics zone at Alexandria Port. (Transport Ministry statement)
  • The Irrigation Ministry signed four contracts worth EGP 225 mn for its Kitchener Drain depollution project, which is being supervised by the European Bank for Reconstruction and Development. The contracts were estimated at EUR 10.3 mn before tax, with the project set to be finalized by 24 January 2024. (Al Borsa)

RENEWABLES-

  • Three Qatari companies are mulling investing in new and renewable energy production materials in Egypt, Muharram Helal, the chairman of the Egypt-Qatar Business Council, reportedly said. (Al Borsa)

FINANCE-

  • Pioneers Properties for Urban Development raised EGP 292.5 mn in a securitized bond issuance, the third in a wider EGP 3 bn program, according to a statement (pdf) from our friends at EFG Hermes, which managed the sale.
  • The Ins. Federation of Egypt has finalized drafting the first ins. policy for EVs in the country. (Al Borsa)
  • EFG-Hermes’ BNPL platform ValU will offer payment solutions to shoppers at Talaat Moustafa Group’s flagship Open Air Mall in Madinaty and Gateway Mall in Rehab. (Statement, pdf)
  • Banque du Caire has launched a foreign exchange company dubbed Cairo Exchange after receiving approval from the Central Bank of Egypt. (Al Mal)

ALSO-

  • e-Finance’s e-commerce subsidiary eAswaaq is set to start selling Schneider Electric products on its platform. (Statement, pdf)

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