Search results for: Egypt

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  • 5 December 2014
    Business & Finance

    The Head of the Armed Forces Engineering Department and the supervisor of the New Suez Canal project, Major General Kamel Al-Wazir, said yesterday that the digging rate at the project reached 142 million cubic meters. The project is designed to enlarge the transit capacity and to increase industrial activity in the area. This capital project was inaugurated […]

  • 30 November 2014
    Business & Finance

                    Latest Video on the New Suez Canal Project Dredging works on the new Suez Canal in Egypt, an ambitious project with a deadline of only nine months, are in full swing and are going according to schedule. Atlas Provides Professionals to New Suez Canal Project A consortium consisting of […]

  • 25 November 2014
    Business & Finance

    Dredging works on the new Suez Canal in Egypt, an ambitious project with a deadline of only nine months, are in full swing and are going according to schedule. Companies from Egypt, UAE, the US, Belgium, and the Netherlands will dredge the new waterway. Included in the project are Boskalis, Van Oord, National Marine Dredging Company (NMDC), Jan de […]

  • 24 November 2014
    Business & Finance, Equipment, Technology

    A consortium consisting of the world’s biggest dredging companies has started on the “New Suez” Canal project in Egypt. The companies will work together to create another canal that will run alongside the existing Suez Canal, in order to allow ships to simultaneously pass one another. Atlas Professionals is one of the agencies to provide […]

  • 20 November 2014
    Business & Finance, Equipment, Technology

    APM Terminals has signed a Memorandum of Understanding (MOU) with the Government of Ghana, representing a private investment in excess of USD $1 billion for the expansion of Tema Port. The deal was signed through Meridian Port Services (MPS), the joint venture between APM Terminals, Bolloré Africa Logistics (Meridian Port Holdings) and the Ghana Ports […]

  • 14 November 2014
    Business & Finance, Project & Tenders

    Head of the Suez Canal Authority (SCA) Mohab Mamish and United Arab Emirates Minister of State Sultan Ahmed al-Gaber earlier this week gave the green light for the start of dredging works on the new Suez Canal project. Earlier this month, the heavy duty dredger of the National Marine Dredging Company ‘al-Mirfa’, one of many […]

  • 14 November 2014
    Business & Finance, Equipment, Technology

    Royal Boskalis Westminster N.V. has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014. At Dredging the possible settlement of a number of old projects mentioned during the presentation of the half-year numbers has taken place. This […]

  • 8 November 2014
    Business & Finance, Equipment, Technology

                    NMDC Dredger Al Mirfa Enters Suez The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’.   Dutch, Egyptian MoU Signed Egypt and the Netherlands have signed […]

  • 5 November 2014
    Business & Finance, Project & Tenders, Vessels

    The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’.  Dignitaries from Egypt, United Arab Emirates, Netherlands and Belgium celebrated the arrival of the vessel. The Al Mirfa, mobilized to the project from the UAE, […]

  • 26 October 2014
    Business & Finance, Project & Tenders

                    Boskalis and Van Oord Confirm New Suez Canal Gig Royal Boskalis Westminster N.V. (Boskalis) and Van Oord have officially confirmed that a consortium consisting of Boskalis, Van Oord, National Marine Dredging Company (NMDC) of Abu Dhabi and Jan de Nul (Belgium) has won a major contract from the […]

  • 21 October 2014
    Business & Finance, Project & Tenders

    Five state-of-the-art Cutter Suction Dredgers from Jan De Nul Group will be mobilized for the construction of the new Suez Canal in Egypt, the company reported. The five dredgers, including the world’s largest Cutter Dredger, are J.F.J. De Nul, Kaerius, Fernão de Magalhães, Ibn Battuta and Zheng He. Combined they have a total installed diesel power […]

  • 20 October 2014
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States and a major provider of environmental and remediation services, today revealed which vessels will take part in the widening and deepening of the Suez Canal. As already announced, the Consortium consisting of Great Lakes (25%) and Dredging International […]

  • 20 October 2014
    Business & Finance, Project & Tenders

    The Consortium Dredging International – Great Lakes Dredge & Dock Company has won $540 million deal, lot number six, for the deepening and widening of the Suez Canal. Prime minister of Egypt, Ibrahim Mahlab and the chairman of the Suez Canal Authority (SCA), Mohab Mohamed Hussein Mameesh, signed the contract in Cairo with the consortium Dredging […]

  • 16 October 2014
    Business & Finance, Project & Tenders

    Head of the Suez Canal Authority (SCA) Mohab Mamish recently held meetings with four consortiums that have submitted their proposals for the next phase of the New Suez Canal dredging project. A high-ranking source with the SCA said that the consortiums, including Chinese and Dutch companies, are currently vying for the opportunity to continue dredging […]

  • 10 October 2014
    Business & Finance, Project & Tenders

    Construction works on a multi-billion dollar new Suez Canal project are in full swing. This giant project will see the creation of a new Suez Canal parallel to the current channel of a total length of 72 kilometers. Workers engaged in the new Suez Canal project are working 24/7 to complete the project within ambitious […]

  • 9 October 2014
    Business & Finance, Project & Tenders

    Two days ago, Egypt’s prime minister Ibrahim Mahlab paid a visit to Ismailia to follow up the ongoing work at the new Suez Canal project and congratulate the workers on the occasion of Eid al-Adha. Upon his arrival, Mahlab held a meeting with Suez Canal Authority Head Mohab Mamish and a number of officials including […]

  • 3 October 2014
    Business & Finance

    During the recent International Conference on “Deltas in Times of Climate Change II”, the Delta sessions that focused on the current status and future development of river deltas in Indonesia, Vietnam, Bangladesh, Mozambique, Myanmar, USA, Colombia, Egypt and the Netherlands sparked a huge interest among visitors. Eight cases were presented according to a framework of […]

  • 2 October 2014
    Business & Finance, Equipment, Technology

    Minister of Planning Ashraf al-Arabi said that the successful experiment in funding the New Suez Canal project could be repeated through the initial public offering for other national projects. Al-Arabi pointed out to the success of the initial public offering of the Suez Canal project’s investment certificates. The Egyptians’ confidence in the Suez Canal project […]

  • 30 September 2014
    Business & Finance, Equipment, Technology

    Director of Dredgers’ Administration with the Suez Canal Authority, Ahmed Sayed Ahmed, stated recently that the project of digging the New Suez Canal so far underwent several stages, including designing, dry digging and dredging. Ahmed added that the dredging stage reached 9 meters depth, as about 20,000 cubic meters are currently being dredged per day […]

  • 29 September 2014
    Business & Finance, Equipment, Technology

    Director of Dredgers’ Administration with the Suez Canal Authority, Ahmed Sayed Ahmed, has announced that the project of digging the New Suez Canal so far underwent several stages, including designing, dry digging and dredging. Ahmed added that the dredging stage reached 9 meters depth, as about 20,000 cubic meters are currently being dredged per day […]

  • 22 September 2014
    Business & Finance, Equipment, Technology

    Egypt’s President Abdel Fattah El Sisi is closely following up the developments related to the New Suez Canal Project, said Head of the Suez Canal Authority Mohab Mamish. The project is moving in line with the scheduled timeline, he added during a celebration organized by the Arab Academy for Science Technology and Maritime Transport (AASTMT) […]

  • 22 September 2014
    Business & Finance, Equipment, Technology

    Floods in Bangkok and the Thames delta, salt intrusion in Egypt and Bangladesh; these are just some examples of rising risks to coastal river deltas and delta cities driven by rapid urbanization, subsidence and climate change. How to manage the growing risks for population and industry in the deltas will again be debated at the […]

  • 19 September 2014
    Business & Finance, Equipment, Technology

    President Abdel Fatah al-Sisi hailed the Egyptians’ unprecedented turnout for buying investment certificates needed for funding the New Suez Canal, Presidential spokesman Ehab Badawi said. He said the president made his comments during his meeting with the head of the Suez Canal Authority Mohab Mamesh. Badawi quoted Sisi as asserting the project should be implemented on […]

  • 16 September 2014
    Business & Finance, Equipment, Technology

    Suez Canal Authority Chairman Mohab Mamish announced yesterday that water has entered the New Suez Canal waterway from the northern and southern entrances of the Canal. He added that this is a historical moment for the country. The New Suez Canal project will boost Egypt’s economy and help speed up the movement of vessels through […]

  • 15 September 2014
    Business & Finance, Equipment, Technology

    Egypt’s Antiquities Minister, Mamdouh Damaty inspected the site of the New Suez Canal project yesterday. During his tour, the minister listened to a detailed explanation of the project’s phases. He also reviewed all maps of the project to spotlight the archaeological development projects, which are scheduled to be implemented in the region. Ismailia governor Ahmed […]

  • 9 September 2014
    Business & Finance, Equipment, Technology

    The New Suez Canal dredging program has officially commenced. This phase of the project will be undertaken in parallel with the dry digging. This development project will boost Egypt’s economy and help speed up the movement of vessels through the 193 km long canal, which connects the Red Sea to the Mediterranean Sea. [mappress] September 9, […]