Edition:
India

Egypt's El Sewedy Signs Partnership Agreement With SCZone To Establish New Company


Tuesday, 21 May 2019 

May 21 (Reuters) - EL SEWEDY ELECTRIC CO ::SIGNS PARTNERSHIP AGREEMENT WITH GENERAL AUTHORITY FOR SUEZ CANAL ECONOMIC ZONE TO ESTABLISH NEW COMPANY.NEW COMPANY TO HAVE ISSUED CAPITAL OF EGP 1 BILLION.CO WILL HAVE 49% SHARE IN NEW COMPANY.NEW COMPANY TO INVEST IN DESIGNING, CONTRUCTION, OPERATING AND MAINTAINING INFRASTRUCTURE PROJECTS.NEW COMPANY TO UPGRADE UTILITY MASTER PLAN INSIDE SCZONE ACCORDING TO FUTURE AND CURRENT UTILITY REQUIRMENTS.