Latest news with #ArabContractors
Al-Ahram Weekly
4 days ago
- Sport
- Al-Ahram Weekly
Ahly sign Arab Contractors goalkeeper Mohamed Seha - Egyptian Football
Ahly announced on Monday signing Arab Contractors goalkeeper Mohamed Seha on a five-year contract starting from next season. The 24-year-old Seha would be a replacement for Ahly's goalkeeper Hamza Alaa after departing the club this summer. 'It is a different feeling as Ahly is the biggest club in Africa and I hope to prove myself here,' Seha said in a video posted on Ahly's official website. 'I felt a warm reception here from everyone. I received many offers but I didn't hesitate to accept Ahly offer. It was my dream since I was a child to be Ahly player,' he added. Seha became Ahly's third summer signing as the club had already signed winger Mahmoud Trezeguet from Qatar's Al-Rayyan and defensive midfielder Hamdy Fathy from Qatar's Al-Wakrah. Seha, who was a member of Egypt's U-23 squad at the Paris Olympics last year, spent last season playing on loan for the league Haras El-Hodoud, making 14 league appearances. Ahly recently ended the season on a high note, winning their 45th Egyptian Premier League title. The team is currently preparing for the anticipated FIFA Club World Cup that will kick off on 15 June. (For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.) Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
4 days ago
- Business
- Zawya
Arab Contractors, China's CSCEC form alliance to implement projects in Egypt, Africa
Arab Finance: The Arab Contractors Company and China State Construction Engineering Corporation (CSCEC) have signed a cooperation protocol to form a joint alliance to implement infrastructure and construction projects in Egypt and across Africa, as per a statement. Prime Minister Mostafa Madbouly highlighted the significance of this protocol as part of ongoing efforts to strengthen the strategic relationship between Egypt and China, aimed at expanding mutual cooperation and achieving shared objectives. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
4 days ago
- Business
- Daily News Egypt
Madbouly witnesses alliance signing between Arab Contractors, China's CSCEC
Prime Minister Mostafa Madbouly witnessed the signing of a cooperation protocol between Egypt's Arab Contractors Company and China State Construction Engineering Corporation (CSCEC), establishing a strategic alliance to implement major projects in Egypt and across the African continent. The agreement was signed by Hassan Mostafa Kamel, Senior Vice Chairperson of Arab Contractors, and CSCEC Chairperson Zheng Xuexuan. The ceremony was attended by Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities; Dong Jian Guo, China's Vice Minister of Housing and Urban-Rural Development; Abdel Khalek Ibrahim, Assistant Minister of Housing for Technical Affairs; Hesham Sheta, Chairperson of INCOME (CSCEC's representative in Egypt); and Heba Abou El-Ala, Vice Chairperson of Arab Contractors. Following the signing, Prime Minister Madbouly affirmed that the protocol reflects deepening strategic ties between Egypt and China, highlighting expanding bilateral cooperation across various sectors. He emphasized that the current momentum in Egyptian-Chinese relations provides a strong foundation for advancing joint initiatives and shared interests. Housing Minister Sherif El-Sherbiny described the agreement as a key outcome of Egypt's recent high-level visit to China, which included extensive meetings with Chinese officials. During the visit, the proposed collaboration between CSCEC—one of the world's largest construction firms—and Arab Contractors—Egypt's leading state-owned construction company—was advanced to capitalize on their shared expertise and regional reach. In a related development, Prime Minister Madbouly also attended the signing of a comprehensive operation and maintenance agreement for the Central Business District (CBD) in Egypt's New Administrative Capital. The agreement, signed between the New Urban Communities Authority (NUCA) and an Egyptian-Chinese alliance represented by Horizon Management and Operations Company, aims to ensure world-class service delivery and infrastructure sustainability. The agreement was signed by Amin Ghoniem, NUCA Vice President for Real Estate Affairs, and Qi Zhang, Managing Director of Horizon Management and Operations Company. Minister El-Sherbiny explained that the agreement introduces a modern 'Cost + Margin' management model—balancing service quality with operational sustainability. It enables the state to maintain full oversight through budget controls and regular reviews of technical and financial performance. The agreement covers the maintenance and operation of critical infrastructure such as electricity and water networks, fire safety systems, and other essential facilities. It also includes cleaning, security, landscaping, and environmental monitoring services. All operations will adhere to strict technical specifications and legal standards, with ongoing performance monitoring and financial oversight. El-Sherbiny noted that this approach reflects a shift toward integrated, high-efficiency urban management aligned with Egypt's vision for modern, sustainable cities. He stressed that the agreement sets a new benchmark for managing public utilities, protecting state investments, and delivering services that meet the expectations of residents, visitors, and investors in the CBD. He added that the contract underwent rigorous institutional review, overseen by a ministerial committee tasked with ensuring full compliance with legal and technical standards throughout the pre-contract and implementation phases. 'This marks a pilot model for smart, integrated urban management that we aim to replicate across the New Administrative Capital and other new cities,' El-Sherbiny concluded. 'It represents a shift from traditional service models to sustainable frameworks based on performance, accountability, and governance.'
Al-Ahram Weekly
5 days ago
- Business
- Al-Ahram Weekly
Egypt, China establish joint alliance for mega construction projects in Egypt, Africa - Economy
The Arab Contractors Company and China State Construction Engineering Corporation (CSCEC) signed a cooperation protocol to form a joint alliance to execute major infrastructure projects within Egypt and across the African continent, the Egyptian cabinet announced in a statement on Sunday. Prime Minister Mostafa Madbouly witnessed the protocol's signing. He described it as part of ongoing efforts to deepen strategic relations and strengthen the growing partnership between Egypt and China across various sectors. Key officials from both sides attended the signing ceremony. Egyptian Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, noted that the protocol was one of the crucial outcomes of his recent visit to China. El-Sherbiny said he had held extensive meetings with Chinese officials to discuss collaboration between CSCEC—one of the world's largest construction companies—and the Arab Contractors, a leading construction firm in Egypt, the Middle East, and Africa. "The cooperation will focus on delivering large-scale projects within Egypt and across Africa, opening new fields of work, and exploring frameworks for future cooperation," he added. This agreement came as Egypt and China prepared for President Xi Jinping's anticipated visit to Egypt. It also follows a high-level meeting between PM Madbouly and senior Chinese official Li Shulei. The visit is expected to mark a significant step forward in cooperation between Egypt and China. The agreement between CSCEC and Arab Contractors allows the two companies to leverage their combined resources and expertise to expand their footprint in Africa's promising construction sector. The new alliance also comes as China expands its investments in Egypt. According to the General Authority for Investment and Free Zones (GAFI), over 2,800 Chinese companies operate in Egypt in multiple sectors with investments exceeding $8 billion. The Arab Contractors is a state-owned leader in the construction sector in the Middle East and Africa that executes major infrastructure and transportation projects. CSCEC was ranked the world's top construction company by revenue in 2020 and eighth globally in overseas contracting. In Egypt, CSCEC is building the Central Business District in the New Administrative Capital — home to Africa's tallest tower — and the Downtown Towers project in New Alamein City. Egypt and China have a decade-long strategic partnership, aligning with Egypt's Vision 2030 and China's Belt and Road Initiative. The two countries collaborate mainly in industrial investment, joint infrastructure projects, and technology transfer. Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
26-05-2025
- Business
- Zawya
Egypt: Hassan Allam Construction inks deal to rehabilitate Alexandria Raml Tram
Arab Finance: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has signed a contract to implement the infrastructure works for the Alexandria Raml Tram rehabilitation project, according to a press release. The rehabilitation project will be executed in a joint venture (JV) with The Arab Contractors, awarded by the National Authority for Tunnels (NAT). The signing ceremony took place in the presence of Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry. The agreement covers the rehabilitation of a 13.2-kilometer tram line, the development of a modern maintenance depot, and the building of elevated viaducts at key traffic intersections. This is in addition to improving 24 stations along the route. These enhancements are expected to cut journey times from 60 to 35 minutes by boosting operational speed from 11 to 21 kilometers per hour. The project will also decrease headways from nine minutes to three, tripling hourly capacity from 4,700 to 13,800 passengers in each direction. Furthermore, this upgrade will support smoother traffic flow, lower emissions, and promote environmental sustainability in the city. Hassan Allam, CEO of Hassan Allam Holding, said: 'Revitalizing the historic Raml Tram will not only improve urban mobility in Alexandria but also preserve a vital piece of the city's cultural identity. We are proud to play a role in delivering sustainable infrastructure that supports national development goals.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
