Source: Spokesman for the Egyptian Presidency and Sky News Arabia Buisness
During the launch of the Ras El-Hikma Development Project, attended by Egyptian President Abdel Fattah El-Sisi and UAE President Sheikh Mohammed bin Zayed, UAE’s Modon Holdings announced a series of new strategic partnerships, including the signing of several Memorandums of Understanding (MOUs). El Sewedy Electric CEO Ahmed Elsewedy and Orascom Construction CEO Osama Bishai were present as agreements were unveiled to advance the Mediterranean coastal project in northwest Cairo.
Memorandum of Understanding
Orascom Construction will lead initial construction as the primary contractor, while El Sewedy Electric will provide essential construction materials.
Sky News Arabia business link:https://www.snabusiness.com/article/1746104-مدن-القابضة-تعلن-توقيع-اتفاقيات-لتطوير-مشروع-رأس-الحكمة
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