Latest in Tag: Orascom Highlight
Latest in Tag: Orascom
Contract term is 15 years, and Sound and Light Company gets 17% of contract’s revenues at minimum of EGP 36m
O West, a fully integrated town by Orascom Development located in the heart of Sixth of October, has announced the launch of the first phase of the HillSide Villas project.
Company reports $25.9m in bottom-line for Q4 of 2020
Company announces it ended year on net sales of EGP 6.2bn
Orascom targets more projects that have BOO scope
The company said, in a statement to the Egyptian Exchange on Monday, that the divestment of these non-core assets comes in line with its strategy to optimise its portfolio, and it will enable ODE to further prioritise and reinforce efforts in core business areas.
Group demonstrates resilience in Q2 of 2020, despite challenges of coronavirus, says CEO Bishai
The demerger will take place according to the company’s book value, and in accordance with its financial statements for the financial year (FY) ending on 31 December 2019. It will result in the creation of two separate companies, one demerged and one demerging.,
ODE noted that demand for El Gouna remained strong, recording a boost in its sales progress with a 22.1% increase in total contracted and reserved units during Q2 of 2020 compared to Q2 of 2019.
Construction to be completed in three years, first phase units to be delivered by 2023
The official opening will be in 2021/2022
The contracts for educational zone facilities, social and sports club, retail centres, the medical zone, the hotel area, and many other vital services are being finalised, and these services will be announced during 2020.
Bank ready to join CBE initiative to finance middle-income housing once it comes into effect: Sebaey
Total contracted real estate sales of “O West” project reached EGP 2.8bn in 1H 2019, says Sara El Gawahergy
Renewable energy projects attract international companies to invest in Egypt, says El-Khayat
“Conclusion of sale is solid testament to our continuous delivery of our strategy”: ODE CEO Bichara
Naguib Sawiris calls for expanding investor base of Supreme Council for Investment
Siemens will add 1,200MW to the electricity grid from the Beni Suef power plant, and 800MW from New Administrative Capital and Borollos power plants
Contracts estimated at EGP 94.86m for TBEA, EGP 1.25m for Orascom
Nasr met with Sawiris and promised to resolve problems of investors and improve the business environment
The company reported a 56.3% increase in revenues during the second quarter of 2016
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
Price set at 4.7 cents per kilowatt of energy produced
Orascom has not yet reached the reconciliation phase
OC secures $200m in industrial contracts in Algeria and Egypt
Orascom Construction: coming full circle to build Egypt a brighter future
Orascom began addressing private banks to guarantee 40% of deal worth, EGP 950m-1bn, sources say
$500m to construct solar energy projects in collaboration with RIC over two years
REC is a European company working with Orascom to build solar plants by Q3 of 2017
Transaction is expected to close in 2016, according OCI