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Fruits of President Sisi's Asian Tour

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Fruits of President Sisi's Asian Tour Minister of Egypt's Finance Hani Qadri Stock Market Climbs On ENI's 'Supergiant' Gas Discovery, rose by EGP7 billion ESTABLISHED 1945 www.meobserver.org 62 nd YEAR No. 35 Wednesday, 2 September 2015 L.E 2.85 IN THIS ISSUE Banks Fruits of President Sisi’s Asian tour to raise ter of Industry and Foreign Trade Mounir By Maye Kabil Fakhry Abdel Nour. retail portfolio The agreements include one regard- products in 2016 n a seven-day Asian tour, Egyp- ing a light train, which will link Cairo to 10th of Ramadan City and Belbais, and tian President Abdel Fattah Al- By Amal Nabil 2 Sisi started Sunday a visit to another that aims to raise the efficiency OSingapore, a first-of-its-kind visit that of Egypt’s electricity network. coincides with the south-east Asian Abdel Nour added that the delegation Final touches country’s 50th anniversary of inde- will sign an agreement with the Chinese pendence. side regarding the development of Ata- to hand over Al-Sisi’s visit to Singapore, which is ka electricity station. the first by an Egyptian leader since mu- He also said that China Development technical offer on tual ties were established in 1966, aims Bank (CDB) would provide a loan of to enhance relations and benefits from $100m to the National Bank of Egypt Renaissance Dam Singapore’s wide experience in a num- (NBE) to finance small and medium- ber of areas, including port development sized enterprises (SMEs). A further 3 By Hamdi Kamel and management, improving the quality grant of $30m will also be provided by of public and technical education, and China’s Ministry of Commerce for re- management of water resources and mote satellite sensing equipment. Economic Vision water desalination, according to a presi- The total volume of trade exchange 3 dency statement. between Egypt and China reached By Mahmoud Fouda Singapore ranks high on key meas- $11.16bn in 2014, an increase of 13.8 ures of social progress. It leads Asia, President Sisi signs a guestbook during a ceremony at Singapore's natioal orchid garden per cent compared to 2013. Egyptian to name an orchid in his honour and is 9th globally on the Human Devel- exports to China represent 10 per cent opment Index in education, healthcare, and Chinese exports to Egypt represent Joint the CEO of Hyflux Olivia Lum, in the at- Singapore, especially the opportunities life expectancy, quality of life, personal 90 per cent of these figures, according tendance of Al-Sisi. for investment in the Suez Canal Axis. safety, and housing. Although income to China’s embassy in Egypt. training for inequality is high, 90 per cent of citizens Hyflux is a leading provider of integrat- In a speech at a business event, he said There is also cooperation between own their homes and the nation has the ed water management and environmen- that his visit “opens the door for bilat- Egypt and China in the sectors of elec- nuclear power one of the highest per capita incomes. tal solutions. The company operates in eral cooperation and mutual benefits for tricity, petroleum, natural gas, railways, Al-Sisi is accompanied on the trip several places, including in Singapore, both countries”. highways, ports, metallurgical industry, plant in Egypt 5 by Egypt’s Minister of Foreign Affairs Southeast Asia, China, India, the Middle The trade exchange between the two building materials, chemical industries, Sameh Shoukry, Minister of Water Re- East and North Africa. countries amounted to $671m in 2014, lighting supplies, textiles, and house- sources and Irrigation Hossam Eldin Bilateral talks took place on Monday according to Singapore’s ambassador hold appliances. Business Opportunities 6 Moghazy, Minister of Investment Ashraf between Al-Sisi and Singaporean Presi- in Cairo, S. Premjith. This visit is Al-Sisi’s second to Beijing Salman, and Suez Canal Authority dent Tony Tan, followed by an expanded During his Asian tour, which is still in nine months. During his first visit, he Subscribe In print and online Chairman Mohab Mamish. session of talks attended by delegations taking place, the Egyptian president met Chinese President Xi Jinping and The president started his tour by vis- from the two countries. visited China to meet President Xi Jin- a number of Chinese officials. The visit Subscription rates inside Arab Republic of Egypt iting Singapore’s largest desalination The delegations from the two sides ping and Prime Minister Li Keqiang. resulted in the raising of the relationship 1 Year 2 Years 3 Years power plant. The Suez Canal Authority discussed cooperation in a number of He will also attend China’s Victory Day between the two countries to a compre- LE 275 LE 520 LE 725 signed during the visit an MOU (memo- sectors, including ports management, celebrations tomorrow at Tiananmen hensive strategic partnership. Subscription rates in the rest of the World randum of understanding) with Singa- water desalination, capacity-building Square, marking 70 years since the Al-Sisi will end his tour by visiting In- 1 Year 2 Years 3 Years pore’s Hyflux Ltd for water desalination and training of employees, SMEs, and end of World War II. donesia for the first time by an Egyptian US $420 US $795 US $1200 and the generation of electricity, state- vocational education and training. An Egyptian delegation is signing sev- president since 1983. His visit will in- Al-Sisi explained during his visit for- eral business agreements with China, clude the signature of MOUs in differ- [email protected] | Tel: 00223926919 | Fax: 00223939732 | Mob: 01011868892 owned news agency MENA reported. www.meobserver.org The MOU was signed by Mamish and eign investment policies to investors in according to announcements by Minis- ent fields. GOVERNMENT OF ARAB REPUBLIC OF EGYPT MINISTRY OF ELECTRICITY AND RENEWABLE ENERGY EGYPTIAN ELECTRICITY HOLDING COMPANY CAIRO ELECTRICITY PRODUCTION COMPANY CAIRO WEST POWER STATION 1x650 MW General Procurement Notice (GPN) The National Organization for Military Production The Government of Egypt has secured loans from the following International Financing Institutions (IFIs): a loan from the Arab Fund for Economic and Social Development (AFESD) in Kuwaiti Dinar the HELWAN ENGINEERING INDUSTRIES CO. amount of KWD 60 million, a loan from the Kuwait Fund for Arab Economic Development (KFAED) in Kuwaiti Dinar in the amount of KWD 30 million, a loan from the Saudi Fund for Development in equivalent to the amount of USD 100 million, and a financing from the Islamic Development Bank Inviting Local and International Tenders (IDB) in equivalent to the amount of USD 222 million in accordance with financing mode towards the cost of Cairo West Power Station 1x650 MW, and it intends to apply proceeds of these loans and to submit Tenders as follows: financing to eligible payments for goods and works to be procured project. The principal objective of the project is to provide energy with a reasonable price for the invest- ment sector (Industrial, agricultural or commercial) as well as the household sector. This objective is in line with the Ministry of Electricity and Renewable Energy policy of providing the electrical energy Ser. Tender No. Type Due date Booklet to all consumers in Arab Republic of Egypt. The Project consists of One Steam Generator, and One 650 MW Steam Turbine Generator and Condenser. Bidding for contracts financed by the IFIs will 1 7/2015 Tools steel material 4/10/2015 LE 1000 be through international competitive bidding and will be governed by the Rules of Procedure for Procurement of Goods and Works of the IFIs including but not limited to the IDB’s Procurement Guidelines. 140 tons steel bars C60 Ø120mm The project will include the following goods and works: I. Packages financed by IFIs and by Cairo Electricity Production Company, and procured under 30 tons aluminum bars alloy 7075 Ø78mm International Competitive Bidding (ICB) procedures: 2 8/2015 5/10/2015 LE 1000 • Supply and Installation/Construction of Civil Works (financed by KFAED). 65 tons disks brass 70/30 • Supply and Installation/Construction of Switchyard (financed by KFESD/CEPC). • Supply and Installation of Steam Generator and Auxiliaries (financed by IDB). 2 tons brass 10/11mm • Supply and Installation of Steam Turbine Generator and Condenser (financed by AFESD/CEPC). • Supply and Installation of Water and Waste Water Treatment System (financed by IDB). • Supply and Installation of Electrical Equipment and Instruments (financed by SFD). 10 tons aluminum bars alloy Ø105mm • Supply and Installation of Mechanical Equipment and Piping (financed by SFD). 3 9/2015 7/10/2015 LE 1000 • Supply of Pumps and Drives (financed by IDB). 50 tons disks brass 70/30 • Supply of Feed Water Heaters (financed by SFD/CEPC). • Supply of Critical Piping and Valves (financed by SFD/CEPC). • Supply of Power Transformers (financed by AFESD/CEPC). • Supply of Instruments and Control (financed by SFD/CEPC). • Consultancy and Project Management Services (Engineering, Procurement and Construction The request for prequalification document will be Supervision Services) (financed by CEPC). • Supply and Installation of Environmental Monitoring (financed by CEPC). available and can be obtained from the company at II. Packages financed by Cairo Electricity Production Company (CEPC), a wholly owned of the Ein Helwan - Helwan Egyptian Electricity Holding Company (EEHC) and procured under local procurement procedures: • Supply and Installation of Yard Tanks. • Wrap-up Insurance. by submitting a stamped application to: • Supply of Switchgears. Eng./ Head of Commercial Sector Specific
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