Market News
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Egypt to build a nuclear power plant in partnership with Russia
Posted on :Tuesday , 17th February 2015
Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin have agreed to corporate to build a nuclear power plant in Egypt.
The partnership deal was signed during an official visit by President Vladimir Putin to Egypt.The move for a nuclear power plant project is expected to strengthen economic ties betw. . .SODIC to invest US$301.64 million in Egypt
Posted on :Tuesday , 17th February 2015
Egypt’s property group SODIC has announced on Monday this week that it will invest US$301.64 million in 2015. CEO of SODIC Ahmed Badrawi has said the company is set to build 684 new property units in 2015. The company had announced last year that construction of first phase of its development in Heliopolis would start this year.
The Sixth of October Deve. . .Algeria records increased imports in construction materials
Posted on :Thursday , 12th February 2015
National Statistics and Data processing centre (CNIS) has reported that the quantity of imported construction materials in Algeria increased by 15.6% in 2014.
According to the report, imported quantities of main building materials such as wood, cement, iron, ceramic and aluminium rose to 10.13 million tonnes in 2014 from 8.92 million tonnes in 2013, representi. . .Algeria to start construction of Bellara Steel Complex this year
Posted on :Tuesday , 3rd February 2015
Construction of the US$2 billion Bellara steel complex construction will kick off in the first quarter of this year 2015 in Jijel East of Algeria, the prefect of Jijel, Ali Bedrici has said.
The steel project will help the country to produce 4 million tons of steel per year in the second phase of construction, but is designed to first assist in producing 2 mil. . .Qalaa Invests in East Africa Cargo as China Builds Rail Link
Posted on :Thursday , 22nd January 2015
Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link.
Qalaa controls Rift Valley Railways Ltd., the operator of a railway built almost a century ago running from Kenya’s Mombasa port to neighboring Uganda.Please Select an Option
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