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Egypt’s construction sector is most prosperous in the MENA region: HSBC

The MENA construction sector is surprisingly diverse in terms of exposure, profitability, and metrics, making it difficult to draw broad conclusions, yet currently Egypt is the most prosperous construction market in the Middle East and North Africa (MENA) region despite the effect of the currency’s devaluation and the high inflation rate, according to HSBC’s “MENA …

Daily News Egypt

Dubai contractor Drake wins $230 mln Algeria contract

By Reuters DUBAI: Dubai contractor Drake & Scull, which has shifted its focus to other regional markets after a slowdown in the United Arab Emirates’ property sector, has won a 845 million dirham ($230 million) contract in Algeria, it said on Tuesday. The contract was awarded to the civil contracting arm of Drake, the firm said …

DNE

Iraq approves $363 mln power deal with Egypt’s Orascom

By Ahmed Rasheed / Reuters BAGHDAD: Iraq’s cabinet approved a $363 million contract on Tuesday with Egypt’s Orascom Construction to build a 1,014 megawatt gas power plant in the north of the country, it said on Tuesday. The contract involves building a plant in Baiji, 180 km (112 miles) north of Baghdad, to install six gas …

DNE

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