• Africa

    Four Global Firms Shortlisted for Egypt’s $2 Billion Industrial Project

    Cairo, Egypt — Anchorage Investments, which develops, implements, and operates industrial projects in the chemicals and blue hydrogen sectors, has shortlisted four international contractors in the second phase of the EPC (engineering, procurement, and construction) tender for the Anchor Benitoite project. The USD 2 billion project comprises a chemicals complex that will be built in the industrial zone of the…

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  • Motoring

    Hyundai Motors builds $1.55bn First Indonesia Car Plant

    South Korea’s Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market. The deal comes as Hyundai and affiliate KIA Motors struggle with a prolonged sales downturn in China, where they suspended…

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