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Egypt
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Tourism
12/13/2024 1:28:00 PM
The revamp of the Giza plateau, aimed at providing a more organized and eco-friendly experience for visitors, is expected to cost over 1 billion Egyptian pounds ($51.1 million), according to Amr Gazarin, chairman of Orascom Pyramids Entertainment (OPE), the company overseeing the renovation.
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Egypt
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Tourism
11/28/2024 3:39:59 PM
Amr Gazarin, chairman of Orascom Pyramids Entertainment (OPE), announced Thursday that the company will invest an additional EGP 500 million to complete the development of the Pyramids Plateau.
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Business
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Economy
11/21/2024 10:34:13 PM
The Suez Canal Economic Zone (SCZone) has signed a land use agreement with Orascom Industrial Parks for the development and expansion of 3.3 km² in the Sokhna Industrial Zone, valued at EGP 12.87 billion, according to a release published by the Egyptian Cabinet on Thursday.
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Egypt
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Urban & Transport
9/1/2024 3:18:42 PM
Orascom Construction (OC) announced Sunday that its consortium with UK's Colas Rail and Japan's Hitachi Rail has signed an 800 million euro contract with Egypt's National Authority for Tunnels (NAT) to modernize Cairo Metro Line 1.
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Business
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Economy
1/16/2024 5:46:14 PM
The Arab Bank has signed an EGP 4.2 billion (nearly $136 million) agreement with mega company Orascom Construction to implement the fourth phase of Cairo Metro's fourth line, according to statement by the bank on Tuesday.
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Business
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Markets & Companies
12/13/2023 2:30:46 PM
UAE-based company B Investments is inching closer to finalizing the acquisition of up to 90 percent of the Sawiris family's Orascom Financial Holding (OFH), which is valued at EGP 4.25 billion ($137.51 million), via share swap, after the conclusion of the fair value (FV) report, according to a bourse filing on Wednesday.
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Business
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Markets & Companies
12/5/2023 7:12:59 PM
Egyptian tycoon Nassef Sawiris is considering moving his family business entity, NNS Group, to the Abu Dhabi Global Market (ADGM).
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Business
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Markets & Companies
11/7/2023 2:02:21 PM
Orascom Construction signed two contracts with the National Authority for Tunnels (NAT) to contribute to two major transportation projects in Egypt, the Greater Cairo Metro fourth line and the high-speed train, according to a bourse filing on Tuesday.
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Business
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Markets & Companies
10/2/2023 4:32:20 PM
Egyptian mega company Orascom Investment Holding (OIH) sold subsidiaries in Brazil's São Paulo for $17.88 million, according to a bourse filing on Monday.
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Egypt
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Urban & Transport
9/6/2023 8:46:04 PM
The National Tunnel Authority signed a €1.7 billion deal with the Orascom Construction-French Colas Rail consortium on Wednesday to convert Alexandria’s Abu Qir Metro line into a state-of-the-art rapid transit system.
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Business
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Economy
9/4/2023 12:56:03 PM
Egyptian National Railways (ENR) signed a €340 million ($367.05 million) contract with the Orascom Construction and French electrical systems company Thale to develop the Cairo-Beni Suef railway corridor.
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Egypt
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Tourism
8/31/2023 2:55:29 PM
Orascom Development, the owner of El Gouna upscale resort town on Egypt’s, denied reports that the family of Ukrainian President Volodymyr Zelensky owns a villa in the resort.
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Business
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Economy
8/30/2023 7:40:00 PM
The Cabinet has granted 852 square kilometres to an international consortium, led by the Egyptian giant Orascom Construction, to build a new massive wind farm in West Sohag in Upper Egypt with a capacity of three gigawatts.
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Business
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Economy
6/20/2023 7:42:21 PM
The Egyptian giant Orascom Industrial Parks signed a $120 million deal with the Indian packaging solutions company Flex Accipto to expand its plant in Sokhna within the Suez Canal Economic Zone (SCZONE).
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Business
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Markets & Companies
6/18/2023 1:46:32 PM
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management firm B Investments, according to a bourse filing on Sunday.
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Egypt
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Urban & Transport
9/24/2022 5:52:51 PM
Three Egyptian giant construction companies won five awards in the 2022 Global Best Projects Juried Competition organised by Engineering News-Record magazine (ENR), a leading global industry publication.
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Business
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Economy
7/26/2022 4:12:00 PM
Orascom Financial Holding, which is owned by well-known Egyptian millionaire Naguib Sawiris, has accepted an offer extended by UAE-based Chimera Investments to acquire a controlling stake in Egypt-based Beltone Financial Holding — an Orascom subsidiary.
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Business
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Markets & Companies
6/22/2022 5:58:50 PM
Egypt's National Authority for Tunnels (NAT) awarded on Tuesday Thales and its partners Orascom Construction and Colas Rail a contract to design, supply, deploy, and maintain for two years years the first phase of Metro Line 4.
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Business
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Energy
10/14/2021 4:23:25 PM
The Ministry of Electricity and Renewable Energy and a multinational consortium signed two agreements on Wednesday planning a wind power farm with a capacity of 500 megawatts in the Gulf of Suez region.
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Business
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Energy
10/5/2021 4:16:26 PM
Egypt and Saudi Arabia awarded contracts to two companies on Tuesday for the implementation of a project to link their power grids and allow the exchange of up to 3,000 MW of electricity at a value of $1.8 billion.
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