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| FORTNIGHTLY
EDITION |
Monday
08, July 2002
Vol 1 - Issue 02 |
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a
French
firm sizes up Saudi railway project
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French
rail and urban development giant Systra is interested in
playing a lead role in the multi-billion-dollar
development of the Saudi railway network. Systra had
appointed local agents Nafisa Contracting Establishment
to represent it with the Saudi authorities. A team from
Systra was expected in the kingdom soon to negotiate an
investment license from the Saudi Arabian General
Investment Authority (SAGIA), which controls foreign
investments. Systra was prepared to finance 50 per cent
of the projects, expected to cost some $2.7 billion.
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posted
8th July 02
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| Bidders
line up for Cairo metro work
The
National Authority for Tunnels in Egypt is to invite local and
international companies to apply by October 1, 2202, to
prequalify for the first phase of the Cairo metro line 3
projects. Contractors say the costs of the firth two phases
linking central Ababa Square to Heliopolis in the northeast
will be some $1 million. The first phase will cover five
kilometres from Ataba to Abbasiya and will involve the
construction of five new stations.
posted
8th July 02
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| Morocco
highway to open opportunities
Burhan
Kuwait Trading & Contracting Company turned out to be the
lowest bidder for the second section of the Casablanca-El-Jadida
Highway, part of the Mediterranean road construction project
to upgrade the 550-kilometre coastal road in Morocco. The
highway will stretch 35.4 kilometres from Had Soulam to Trine
Chtouka and will include a number of bridges, underpass and
culverts.
posted
8th July 02
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