MS Africa & Middle East e Projex Africa 2014: 2 months until kickoff!
13.10.2014
Egypt raises 8.5 bn of USD for Suez Canal expansion
Egypt has raised the $8.5bn (EGP61bn) it needs to fund a project to expand the Suez Canal, the country’s central bank governor said. Hisham Ramez told Reuters that the target was reached in just eight days after banks issued investment certificates to Egyptian citizens to finance the project. With the target met, fundraising has closed and Egyptians will no longer be able to buy the investment certificates, the governor said. The Suez Canal project, which is aimed at expanding trade along what is the fastest shipping route between Europe and Asia, includes the development of 76,000km² around the canal into an international industrial and logistics hub to attract more ships and generate income. Officials have said the new development would boost annual revenues from the Suez Canal, which is operated by the state-owned Suez Canal Authority, to $13.5bn by 2023 from $5bn currently.
(Source: ConstructionWeekOnline.com)
MS Africa & Middle East 2014 and Projex Africa 2014: latest news
New confirmed International exhibitors at MS Africa & Middle East. Marmomacc area: among the others, you will find Antolini, Breton, Consorzio Marmisti Bresciani (with Ghirardi and Marmolux), Dellas, Drago, Pellegrini, Prussiani, Simec and collective participations from China, India e Turkey; Samoter area: you will meet renowned International brands such as Cifa, CNH Fiat Industrial, Simem.
Registrations in progress also for Projex Africa; it will be soon online the rich program of conferences on green building, infrastructure, big projects, architecture and design.
Now available online on MS Africa's website, the special hotel rates for exhibitors and the contact details of the official travel agencies.
MS Africa & Middle East - Special focus
Building and construction market in Egypt and Morocco
Over 7 billion dollars in Egypt, about 10 billion euros in Morocco. These are the investments expected in the construction sector in these two large North African countries: for Italian companies in the building sector this is a not to be missed opportunity.
