Maire Tecnimont’s subsidiary Tecnimont has won a $550m engineering, procurement and construction (EPC) contract from Egypt Hydrocarbon Corporation (EHC), for the construction of a new ammonia plant in Ain Sokhna, Egypt.
The African Development Bank (AfDB) has approved a $272.12m loan for the construction of Msalato International Airport in Dodoma, Tanzania.
The Government of Ghana has signed a concession agreement with the South African firm Ai SkyTrain Consortium Holdings for the construction of $2.6bn high-speed railway in Ghana’s capital Accra.
South Africa-based property management company Atterbury has broken ground on ZAR6bn ($396m) Castle Gate mixed-use precinct in Pretoria, South Africa.
ATIP New Capital Entertainment (ATIP Entertainment) has won a contract from the Administrative Capital for Urban Development (ACUD) for a $20bn (£16.3bn) Entertainment District, spanning 4,256 acres, in Egypt’s New Administrative Capital, which has been under construction since 2015.
UK-based firm Turner & Townsend has been appointed to provide project management, contract administration and cost management services for the 336 units for the 256 Bella Vista apartments development in Uganda.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide $200m (£158.9m) in financing for the construction of City Centre Almaza, a new retail and entertainment centre in Egypt.
German conglomerate thyssenkrupp’s plant engineering business has won an order from the Egyptian chemical and fertilizer manufacturer El Nasr Company for Intermediate Chemicals (NCIC) for the engineering, procurement and construction of a new fertilizer complex.
Japanese automobile manufacturer Nissan Motor and Groupe Hasnaoui of Algeria will invest $160m in a new Nissan vehicle plant in Algeria to meet growing demand for vehicles in the country and across Africa.
Radisson Hotel Group has signed an agreement with Cairo-based business partner Zaghloul Holdings for six new hotels in Egypt as part of a portfolio deal across several of its brands.
BESIX Group, Six Construct, a subsidiary of BESIX Group, and TGCC have been awarded the contract to design and build the Bank of Africa Tower.
Mercedes-Benz Cars, a division of German automobile manufacturer Daimler, will produce the next generation of the C-Class in East London, South Africa, and invest €600m in expanding the plant.
FLSmidth, a Danish engineering services provider, has secured a contract worth over €100m for the construction of cement plantin North Africa.
US-based engineering services firm Bechtel has secured two contracts from Carbon Holdings to provide project management services for the Tahrir Petrochemicals Complex and construct two new polypropylene units in Egypt.
A consortium of Van Oord and Urbeinveste Projectos Imobiliários has won a contract from the Angolan government for the Marginal da Corimba project in Luanda, Angola.
Willemen Groep comprising Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco has won a contract from the Dutch company APM Terminals to build a new container terminal in Morocco.
Moroccan phosphate producer OCP Group has partnered with the Ethiopian government to construct a $2.4bn fertilizer plant in Ethiopia.
US-based engineering services provider Fluor has won a $501M contract from Compagnie des Bauxites de Guinée (CBG) for a bauxite production expansion project in Kamsar, Guinea.Under the contract, Fluor will provide engineering, procurement and construction management services for the project.The scope of the project includes the expansion of bauxite production from 14.5M to 18.5M t annually. It will also involve the expansion of the mine infrastructure, rail system, port facility and processing plant. The project represents the company’s first of a planned three-phase expansion. Fluor has been involved in the project since its early stages executing the feasibility study and early engineering.Rick Koumouris, president of Fluor’s mining & metals business, said: “Fluor has worked with CBG to develop a capital-efficient solution that combines delivery predictability and flexibility for maintenance and future expansions.“Given the project’s location and unique logistical challenges, Fluor will bring unmatched technical and execution expertise, as well as the requisite Guinea experience, to deliver this project safely, on schedule and on budget.”The expansion project is expected to be completed in 2018.
Green Valley Real Estate has announced plans for a AED500M ($136M) residential project in Marrakech, Morocco.The 410,000sq m development, called ‘City of Green Valley-Marrakech’, is located 11km from Marrakech city centre and will feature 350 residential villas with 100,000sq m of green spaces.It will also include restaurants, cafes, a supermarket, a spa area, health clubs, swimming pools, bars and sports courts.Green Valley Real Estate owner and general manager, Ali Saeed Al Salami said: "We are privileged to announce the project in Marrakech. "Aside of being a state-of-the-art and cutting edge project, it also offers excellent growth potential for investors looking for substantial return on their investment in Marrakech."This is a luxury project and offers amazing investment opportunities in the city, which is otherwise considered a perfect tourist destination."The project follows the completion of developments in Turkey, UAE and other parts of the Middle East.<iframe src="https://timetric.com/c/TT4M9NW/chart/" style="width:500px;height:350px;border:0;" frameborder="0" scrolling="no"></iframe>
An Egyptian-Chinese alliance has broken ground on Egypt’s new administrative capital which is estimated to cost $45bn.