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.
Transatlantic BDR (TBDR) and the Tema Metropolitan Assembly (TMA) backed by Ghana’s government have entered into a long-term structured partnership to develop a $6.5bn oceanfront leisure project in Tema.The project will include a 60,000-seat FIFA-certified football stadium along with commercial, retail and residential mixed-use accommodations targeting cross-border corporations and regional companies.It will also improve the ailing infrastructure of the region. Infrastructure investments will include new roadways, a light rail system expansion, renewable energy, and a 6G wireless communication network.TBDR CEO Uduak Udofia said: "This privately-funded partnership with the Ghana government marks an aggressive outlook taken by the part of officials to establish the country as an international destination, not just for leisure but for global qualified investors and entrepreneurs to participate in the region's fast-paced economic growth. TBDR is cultivating a diverse partner and investor base for optimal success.”
Orascom Construction has secured three industrial and infrastructure projects worth $200m in Algeria and Egypt.
Danish engineering company FLSmidth has signed an EPC contract for the supply of a greenfield cement plant in Algeria.