Orascom Construction (NASDAQ Dubai: OC; EGX: ORAS) announced today that it has signed contracts to convert Assiut and West Damietta power plants in Egypt from simple to combined cycle. OC’s share amounts to approximately USD 420 million. Both power plants will be completed on an EPC + Finance basis whereby OC helps arrange a competitive...

BW Gas,  the Norwegian-Singaporean gas shipping giant has won a bid to provide Egypt with a floating Liquefied Natural Gas (LNG) vessel for five years, the Petroleum Ministry reported. The ship will be delivered to Egypt’s shores in September, said Khaled Abdel Badee, the Chairman of the state’s Egyptian Natural Gas holding company, according to a...

Subsea 7 announced they have been awarded of a contract with a value of about $500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project, where field development will be at depths of...

Egypt has signed a  $4.6bn construction deal with Arabia Group. Egypt’s housing ministry signed a construction deal worth about 35 billion Egyptian pounds ($4.6 billion) with Egyptian real estate developer Arabia Group, a statement from the Cabinet has said. Initial agreement for the project in the Cairo suburb of 6th of October City was made...

CRCC (China Railway Construction Corporation) the second largest state-owned construction enterprise, reported that one of its subsidiaries, has been awarded $600 million contract to upgrade the Egyptian national railway. The CRCC has been the builder of more than half of China’s rail links since 1949. This rehabilitation and renewal project contract awarded to CRCC unit...

Metito is taking part in four strategic municipal water projects in Egypt worth more than EGP220 million ($28.8 million). The National Organisation for Potable Water and Sanitary Drainage (NOPWASD) has assigned the first the Arymon Waster Water Treatment Plant (WWTP) and the Shabbily Sewage Treatment Plant (STP), which are expected to be completed next year...

Arabtec  has agreed terms with Egypt’s Ministry of Housing for the first phase of a $36.70 billion plan to construct one million homes across the country, they said last week. They will sign a contract with the ministry “at the earliest opportunity” for this first phase, according to a statement to Dubai’s bourse. This will...

Bahrain’s Terra Sola Ventures  has signed a memorandum of understanding with the Egyptian Electricity Holding Company (EEHC) for a $3.5 billion project to develop 2,000MW of solar energy in Egypt. The MOU confirms a mutually agreed roadmap for the development and implementation of the project including the set-up of two European-technology manufacturing units for the...