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Development funding from the EBRD, Germany and Saudi Arabia for Egyptian projects

The German government-run agencies and institutions will pump €132.8 million into 11 projects in Egypt as part of round of bilateral cooperation negotiations between the Egyptian and German governments for the year 2021. This came during the bilateral round of talks, which was held this November virtually between the Egyptian and German governments, with the participation of 41 representatives from Egyptian ministries and government agencies, and 31 representatives from German governmental and development institutions. The funding will take the form of financial contributions and grants, Egyptian Ministry of International Cooperation said in a statement. The projects to start next year cover a range of areas including technical and vocational education, encouraging employment, supporting the private sector, supporting the risk guarantee system, solid waste, promoting the effective use of water, reducing its loss in agriculture, and improving the framework for water management, drinking and sanitation. On the other hand, the Saudi Grant Management Committee's board has approved of financing projects in Egypt with a total fund of EGP 200 million, which is allocated to financing small, medium-sized and micro-sized enterprises. Under the new facility, the ABE (Bank of Alexandria) will obtain EGP 100 million to finance the digital transformation and handicrafts programs for small, medium-sized and micro-sized enterprises. The Minister of International Coope...

2020-11-26 14:37:13

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Rufiji Dam Egyptian Projects in the Heart of Africa

Stiegler's Gorge Dam, Rufiji Dam or Nyerere Dam are all different names for one of the largest dams in Africa that is currently being constructed on the Rufiji River in Tanzania with Egyptian arms, a joint venture implemented by a consortium made up of the Arab Contractors and the Elsewedy Electric. The consortium was awarded a tender to establish the hydropower dam on Tanzania's Rufiji River in 2018, provided that the project will be completed and the dam will be inaugurated in 2022. Tanzania Dam from Concept to Implementation The idea of constructing a dam on the Rufiji River in Tanzania dates back to the beginning of the twentieth century. The first study of the dam was conducted in 1940.This study envisaged building a small-sized dam to control floods in the area and protect the irrigation infrastructure.  However, by 1961 the FAO published a study that included the possibility of establishing a larger dam that aims to generate electricity and turn the area into an industrial environment in addition to controlling floods and providing irrigation and drinking water. After the independence of Tanganyika in 1961, President Nyerere saw the hydroelectric dams as an opportunity to develop Tanzania and a move towards industrialization with cheap electricity to get out of the economic crisis. This has prompted him to search for an external source to finance the dam. However, implementation did not take place due to the World Bank's refusal to...

2020-11-26 14:33:30

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Arch. Hisham El Sergany: Commercial Director of EGYBEL We started with the slogan "No Way to Compare", and thanks to our unmatched quality, we undertook some of the largest Egyptian projects

Arch. Hisham El Sergany, Commercial Director of EGYBEL: We started with the slogan "No Way to Compare", and thanks to our unmatched quality, we undertook some of the largest Egyptian projects. Fortunately, the current projects are concerned with quality as a prerequisite for implementation. interview : Ali Dagher The urban system is, without a doubt, built on the unbreakable partnership between the architectural industries and their building materials. The superior and diverse production of the materials involved in the construction industry is a vital tool to truly showing architectural and engineering creativity. In addition to this, the architectural industries, in general, are the main driver for most economic activities, thanks to the investments accompanying them as well as the size of the manpower and job opportunities they provide. The industry of aluminum facades for buildings is one of the most important industries of modern building materials. So, modern architectural trends and aesthetic appearance of buildings cannot be completed without the use of aluminum and glass facade systems, in addition to all door and window systems. This industry has grown and developed significantly, thanks to a group of investors who lead the evolution of construction in Egypt. EGYBEL comes on top of these companies with a relatively early start, as its production began in 1989 and has since developed significantly and occupied an advanced position among t...

2021-05-05 14:41:20

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