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IDA to offer 15m sqm industrial land plots for investors in 2019

The Industrial Development Authority (IDA) plans to offer industrial land plots of 15m sqm for investors within a wider plan to offer 60m sqm land plots from 2016 to 2020. On the sidelines of the Egyptian Businessmen Association’s symposium on industrial development and its impact on sustainable development, Magdy Ghazi, chairperson of the IDA, said …

Abdulrahman Al-Shuweikh

EETC agrees with Egemac, TBEA alliances to supply EGP 656m worth equipment

The Egyptian Electricity Transmission Company (EETC) has signed seven contracts with the Egyptian German Electrical Manufacturing Company (Egemac) and TBEA alliances to supply electric transformers and equipment worth EGP 656m. Sabah Meshaly, chairperson of EETC, signed the first contract to supply five mobile stations with 60mva capacity, three mobile 22x22x220kv stations, and three mobile 220/11/11kv …

Mohamed Farag

WFC appoints Mohamed Abdel Salam as chairperson

The World Forum of Central Securities Depositories (WFC) appointed Mohamed Abdel Salam as chairperson of the organisation for a period of two years until April 2021. Abdel Salam is the Chairperson and Managing Director of Misr for Central Clearing, Depository and Registry (MCDR). The selection was made on the sidelines of the meeting by the …

Daily News Egypt

Motor accidents down by 23.6%, railway up 14% in 2018

Car accidents in Egypt declined by a total of 2,618 cases in 2018, compared to 2017, according to the bulletin issued recently by the Central Agency for Public Mobilization and Statistics (CAPMAS). The year 2018 witnessed 8,480 accidents which resulted in 3,087 deaths, 11,803 injuries, and 13,441 vehicles damaged. In 2017, car and train accidents …

Daily News Egypt

Mansco unveils new Peugeot 508 specifications, price

Mansco Automotive, the exclusive dealer in Egypt for the French Peugeot brand, has launched the Peugeot 508 brand – new sedan 2020 model – in the Egyptian car market. Egypt is the first country in the region to see the new Peugeot model, just three months after its launch in the European car market. This …

Ahmed Hassan Abdul Karim

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