Bi-monthly bulletin on economic and business events in Egypt November
1st, 2003 Printable
version
Egypt-U.S.
Relations
USAID Delivers
Services to Minya Governorate Source: USAID Press Release,
October 22, 2003
Minya Governor General Hassan Hemeida
welcomed Kenneth C. Ellis, director of the U.S. Agency
for International Development (USAID) (link
here) in Egypt, to Minya. The two launched new projects,
saw hospital programs, and visited several water-related
projects made.
General Hemeida and Dr. Ellis toured the publicly owned
Mallawi District Hospital, where joint U.S.-Egyptian
funding of LE1 million has made possible improvements
to obstetrical, neo-natal intensive care, and high-risk
pregnancy facilities.
They also toured a renovated public-sector family planning
clinic. The two officials announced a new coordinated
approach to health and family planning services, which
features cooperation among health providers of services
including family planning and reproductive health, maternal
and child health, immunizations and control of infectious
disease, public awareness, and medical training.
Dr. Ellis and General Hemeida inaugurated a new water
treatment plant in the village of Tehna El-Gebel. Four
similar U.S.-funded water plants are currently under
construction in Minya, and the two officials announced
that the United States is funding an additional 10 plants
in the governorate. This type of plant makes clean water
accessible to an estimated 960,000 Egyptians residing
in rural areas.
The two officials also dedicated a raw water intake
structure built with U.S. funding totaling LE5.2 million.
The intake structure delivers Nile water to an existing
water treatment plant in Minya city.
They also visited Minya's new Kidwan water treatment
plant, where ongoing expansion will cost $10.4 million
financed through U.S. assistance.
The total U.S. assistance for water and wastewater facilities
in Minya Governorate is projected to total $65 million
(for the period of 1998 to 2005) and will benefit four
million residents.
MEPI Announces
Eight New University Partnerships Source: Bureau of Near Eastern
Affairs, October 17, 2003
The Department of State’s Middle East
Partnership Initiative (MEPI) (link
here), in cooperation with the Association Liaison
Office for University Cooperation in Development (ALO)
(link here),
and the U.S. Agency for International Development (USAID)
(link here),
announced eight new awards of up to $100,000 each for
partnerships between colleges and universities in the
United States and the Middle East.
Under the U.S.-Middle East University Partnerships Program,
the awards will enable U.S. universities to work together
with higher education institutions in six countries
in the Middle East to strengthen university programs
in a number of different disciplines: business and economics;
information and communication technology; education;
journalism; and American studies.
The partnerships selected for now are with universities
in the Gulf countries and North Africa. Egypt’s Ain
Shams University (link
here) was selected to partner with the University
of Connecticut (link
here), which will develop a master’s degree in information
technology and entrepreneurship.
The Middle East Partnership Initiative (MEPI) was founded
to work with governments and people in the Arab world
to expand economic, political, and educational opportunity
for all people of the region.
The initiative strives to link Arab, U.S., and global
private sector businesses, non-governmental organizations,
civil society elements, and governments together to
develop innovative policies and programs to achieve
this mission.
(For further information on Egypt-U.S. Relations, click
here)
(For latest information on awarded Reconstruction Contracts
in Iraq, click here)NEW
OTI Selects Motorola
as GSM Supplier For Iraqi Network Source: MenaReport, October
26, 2003; MENA Financial Network, October 28, 2003
Operator Orascom Telecom Iraq Corporation
(OTI) has chosen Motorola as its supplier of GSM base
stations and transmission equipment for its network
to provide communications services to Baghdad and the
central region of Iraq. Motorola will supply GSM infrastructure
in a contract worth up to $40 million.
Motorola will be the main supplier for the Central region
for the two-year duration of the network license in
a full turnkey contract. Motorola will finance a portion
of the purchase price.
OTI is 63% controlled by Egypt’s Orascom Telecom Holding
(OTH) (link
here). The corporation is the first licensee to
provide mobile telephony services in Iraq's central
region. Operating under the service name Iraqna, it
is one of the three regional network operators that
will form Iraq's first national mobile telecommunications
network.
Licenses to build and operate the three regional networks
were awarded to operators on October 6, 2003. The first
coverage from these networks in Iraq's north, central
and south regions is expected to begin within weeks,
with Motorola starting delivery of equipment to Orascom
immediately. More than one million subscribers in the
region are expected to receive voice services during
the two-year duration of the licenses.
Motorola has a strong relationship with Orascom, supplying
100% of the base stations for Orascom's network in Pakistan
and almost 60% of its joint network with Orange in Egypt.
OTH was established in 1998, and has grown to become
the largest and most diversified GSM network operator
in the Middle East, Africa, and Pakistan. With more
than ten licenses covering the region, OTI’s subscriber
base has continued to grow to reach more than six million
subscribers.
Vodafone Egypt
Selects SmartTrust to Support Live Service Source: PR Newswire, October
29, 2003
SmartTrust (link
here), a leading provider of infrastructure solutions
designed to enable revenue-generating mobile services,
has been selected to support the continued roll-out
of Vodafone Live! in Egypt.
Using SmartTrust Delivery Platform (SmartTrust DP),
Vodafone Egypt (link
here) (AmCham Member) will remotely configure subscribers'
handsets over-the-air (OTA), allowing them to access
Vodafone live services without the need to manually
reconfigure their devices or return to a Point-of-sale
for a handset update.
By requesting a service update from the Customer Care
center, all necessary WAP, GPRS and MMS configurations
on the handset will be managed remotely by SmartTrust
DP and will be invisible to the subscriber.
The platform will be coupled with SmartTrust Batch Order
Manager (SmartTrust BOM), allowing the operator to easily
perform remote updates of millions of SIM cards simultaneously.
Customers with compatible handsets will gain immediate
access to Vodafone Live! services and content, including:
MMS; Java games; news and entertainment.
In addition to supporting the launch of Vodafone Live!,
SmartTrust DP will be used to implement SIM Toolkit
menus on over one million subscriber handsets. The new
SIM menus will allow those subscribers with non-Vodafone
Live! handsets to access the operator's range of SMS
and Interactive Voice Response (IVR)- based value-added
services in a more convenient and simplified manner.
Egypt is the tenth country to launch the Vodafone Live!
Service explained Rowan Scranage, Regional Sales Director
for European Major Accounts Group at SmartTrust.
Egypt Proceeds
With Long-Term Space Plan Source: Middle East Newsline,
October 28, 2003
Egypt plans to proceed with a long-term plan to establish
a constellation of satellites in space.
Egyptian officials said the plan was launched in the
1990s and meant to continue until 2017. The officials
said that so far the Egyptian government has sent four
communications satellites into orbit.
The latest satellite, termed NileSat 102, was placed
into orbit in 2000. Officials termed the satellites
as first generation and expected at least a dozen additional
facilities to be launched.
Information Minister H.E Dr. Sawfat El Sherif discussed
Egypt's satellite program in a statement during the
commemoration to mark three years since the launch of
NileSat 102. Sherif said the last facility contains
digital technology and represents the standard in communications
satellite.
Egypt’s Cabinet
to Raise Prices For Buying Wheat Source: Trade Arabia, October
23, 2003
Egypt's cabinet has agreed to raise prices
it will pay for next year's harvest of locally produced
wheat by more than 30%, as well as lifting prices of
corn and sorghum, to boost production.
The cabinet had affirmed the importance of a new agricultural
policy to encourage cultivation of these crops for which
the state is a major buyer.
Egypt, one of the world's biggest wheat importers, has
been hit by sharp rises in imported wheat costs, as
supplies from cheap areas like the Black Sea have dwindled,
freight rates have surged and Egypt's pound has weakened
sharply against the U.S. dollar.
The cabinet agreed to raise the price of wheat to LE145
from LE110 for each ardab, a measure of 150 kg. White
corn or maize would rise to LE125 from LE105 per ardab
and sorghum would rise to LE120 from LE100 per ardab,
he said.
These prices would be equivalent to LE967 or $157 a
ton for wheat, LE833 or $136 a ton for white corn and
LE800 or $130 a ton of sorghum.
Analysts said the new local prices would bring them
broadly into line with international levels after the
pound devaluation and may encourage farmers, who start
planting around now ready for harvest in April, to boost
cultivation of the crops.
Egypt imports about seven million tons of wheat a year,
and normally sources a large chunk from the U.S.
Local wheat production is about six million tons a year,
of which about two million tons is bought by the main
state buyer, the General Authority for Supply Commodities
(GASC).
GASC mixes corn flour with soft white wheat to make
government-subsidized bread. Recently, worldwide freight
rates have jumped, adding further to imported wheat
costs.
Analysts said boosting local production of these commodities
might make sense politically to secure food supplies
but they said Egypt might do better economically by
focusing on higher value export crops and using the
earnings to import grain.
Egypt to Host International
Investment & Trade Summit Source: Al Ahram Weekly, October
22, 2003
For the first time, this December Egypt
will host the International Investment and Trade Summit:
Egypt Invest 2003 (link
here). The event is designed to allow international
investors to meet face-to- face with Egyptian partners
to discuss the investment climate and new government-led
investment initiatives, among other issues.
Dan Morrissy from the International Event Partners (IEP)
said attracting foreign investments is a preoccupation
of every country, not only Egypt. The main task during
the event is to recruit, match-make and gather potential
and current investors with business opportunities and
to provide a platform for both decision-makers and businessmen
to meet and discuss new investment policies. IEP is
a 10-year-old, London-based company, which has organized
similar events in a number of countries including Iran
and Russia.
The event is expected to bring together government officials,
non-governmental organizations, multi-lateral donors,
business associations, chambers of commerce, investment
banks and credit agencies as well as venture capitalists.
Numerous factors played into the selection of Egypt
as the host country. According to Brigitte Lundebye
of IEP, Egypt occupies an excellent geographical location,
straddling the gateway to Africa and the Middle East,
with easy access to Europe as well.
Egypt also has a large, under-utilized labor market,
a sound business climate and a high educational level
offering rich human resources capital. The market is
large and stable, with a pervasive Western attitude
to business. Moreover, Egypt is engaged in trade agreements
with almost all nations around the world said Lundebye.
Among the topics to be discussed are the investment
climate in Egypt, banking and finance, privatization,
mergers and acquisitions.
The most problematic issues for foreign investors considering
Egypt as an option involve the corporate tax and customs
system, reforming the bloated bureaucracy, protecting
investors' rights, and the vagaries of how to do business
in Egypt.
EFG-Hermes Boosts
Capital Source: Middle East Economic
Digest, October 24, 2003
EFG-Hermes (link
here) (AmCham Member) is preparing for a rights
issue after the board on October 16 approved a LE200
million ($32.5 million) increase in the company’s paid-in
capital to LE405.4 million ($66 million).
Existing shareholders will have the opportunity to acquire
40 million shares at a par value of $5 a share. At the
end of the 30-day issue period, any unsubscribed shares
will be assigned to new investors at the discretion
of the company board.
The directors of EFG-Hermes in late August gave initial
approval for a capital increase, up to the maximum authorized
capital of LE700 million ($114 million), to release
fresh funds for a new phase of regional expansion. Having
established a foothold in the UAE and Saudi Arabia,
the group now intends to concentrate on building up
its operations in the northern Gulf.
Egypt's First Visa
Smart Credit Debit Chip Card Issued Source: Al Ahram Weekly, October
22, 2003
Arab African International Bank (AAIB)
(AmCham Member) and Visa International Central & Eastern
Europe, Middle East and Africa (CEMEA) (link
here) (AmCham Member) celebrated their successful
completion of the first comprehensive smart technology
network in Egypt.
In a press conference, Visa International CEMEA President
Anne L Cobb handed AAIB Vice Chairman and Managing Director
Hassan Abdallah a certificate documenting the successful
chip transaction and congratulating the bank on issuing
Egypt's first full-option Visa Smart Credit Debit Chip
Card.
The AAIB and Visa International joined forces to set
up a comprehensive system for issuing smart cards, while
also upgrading terminals to enable merchants to accept
credit and debit smart transactions.
Arab African International Bank has already issued 1,100
full-option Visa smart cards as of June 2003.
OCI Plans Bond
Issue Source: Middle East Economic
Digest, October 24, 2003
Orascom Construction Industries (OCI)
(link here)
(AmCham Member) has announced that its shareholders
have approved a bond issue worth up to LE400 million
($65 million), which will be used to finance future
investments.
The bond will be issued in two tranches, the first of
which will be worth LE240 million ($39 million) and
yield a fixed coupon at an annual interest rate of 13%.
The second – constituting the remaining LE160 million
($26 million) – will yield a variable coupon rate at
an annual interest rate of 2% over the Central Bank
of Egypt’s (link here)
discount rate. Following a 12-month grace period, the
bond will be repaid in six-monthly installments over
a period of six years from the close of subscription.
Centurion Energy’s
Sherbean Field Goes on Stream Source: MenaReport, October
5, 2003
Centurion Energy (link
here) has reported that Egypt’s Gelgel oil field
commenced production on October 20, 2003, from the company's
South Manzala Development Lease located in the Nile
Delta region.
The Gelgel field commenced production under natural
flow and has brought total production from the South
Manzala area to 33 million cubic feet (mmcf) per day,
and has raised company-wide production to approximately
9,900 barrels of oil per day (bpd).
Centurion is completing the compression facilities,
which will increase total production from the South
Manzala area and stabilize production to the contracted
production rate of 35 mmcf per day.
Completion of the compression facilities is expected
in mid-November, 2003, at which time total production
will exceed 10,000 bpd.
Egyptian Company
for Starch & Glucose Offers Shares For Sale Source: Privatization Implementation
Project, October 15, 2003
The Egyptian Ministry of Public Enterprises
and the Food Industries Holding Company have announced
the sale of Egyptian Company for Starch and Glucose.
The Food Industries Company as a representative of the
public fund shareholders in the paid-in capital of The
Egyptian Company for Starch and Glucose announced the
sale of 1,977,523 shares representing 42.99% of the
outstanding shares to an Anchor Investor or Group of
Investors.
The sale will be carried out by the Privatization Implementation
Project (PIP) and is being implemented by IBM Business
Consulting Services (link
here) (AmCham Member) and is funded by the U.S.
Agency for International Development (USAID) (link
here).
First of New Power
Plants Tendered Source: Middle East Economic
Digest, October 24, 2003
East Delta Electricity Production Company
has issued a tender for the gas turbine package on the
proposed 750-MW combined cycle power station to be built
at Talkha. Bids are due on December 17, 2003 for the
contract, which involves the supply and installation
of two 250-MW turbines and auxiliaries, two main transformers,
two start-up transformers, a diesel generator and an
overhead crane, as well as associated mechanical and
electrical works.
Likely bidders for the Talkha gas turbine package include
GE Power Systems (link
here) (AmCham Member) of the US, Germany’s Siemens
(link here) (AmCham
Member) and a Japanese team of Mitsubishi Heavy Industries
(MHI) (link here)
with Tomen Corporation (link
here). All three groups bid for the turbine packages
on Cairo North and Nuberiya, which were awarded to GE
and MHI/Tomen respectively.
A fourth 750-MW combined cycle plant is planned for
Kureimat, after which all 17 projects being planned
in Cairo’s 10-year expansion plan will be standard steam
turbine plants.
The decision to press ahead with the scheme follows
the awards of all major contracts on the Cairo North
and Nuberiya combined cycle projects, with the exception
of the civil works package on the 1,500-MW Nuberiya
project, for which four technical bids are now being
evaluated.
The frontrunner for the contract is a partnership of
Besix (link here)
of Belgium and the local Orascom Construction Industries
(OCI) (link
here) (AmCham Member), which priced the contract
at LE254 million ($41 million), followed by a consortium
of Athens-based Consolidated Contractors International
Company (CCC) (link
here) and the local Misr Sons Development (Hassan
Allam & Sons) (link
here) (AmCham Member), which submitted a commercial
bid of LE266 million ($43 million).
The consultant is the local/U.S. Power Generation Engineering
& Services Company (PGESCo).
Fourteen Contractors
Submit Offers For Terminal 3 Source: Middle East Economic
Digest, October 17, 2003
A total of 14 groups of contractors have
applied to the Cairo Airport Company to pre-qualify
for the estimated $350 million-400 million project to
build a third terminal for Cairo international airport.
Strict criteria have prevented all but three major local
companies from applying.
A full tender is awaiting final changes to the scope
of work by a joint venture of the local Engineering
Consultants Group (ECG) (link
here) and NACO (link
here) of the Netherlands, which drew up the original
designs for a third terminal in the mid-1990s.
NAED to Upgrade
Management Solutions for SEKEM Source: MenaReport, October
22, 2003
North Africa Enterprise Development (NAED)
has agreed to help Egyptian producer of organic agricultural
products, SEKEM (link
here) (AmCham Member) strengthen its supply chain
linkages with its farm suppliers, a vast majority of
which are small to medium size enterprises (SMEs).
NAED is a technical assistance facility managed by the
International Finance Corporation (IFC) (link
here). Under the agreement, NAED will assist SEKEM
in implementing a supply chain management solution that
would enhance SEKEM's communication and collaboration
with over 200 SME farm suppliers.
The solution is expected to result in an improvement
in efficiency throughout SEKEM's supply chain, with
an increase in production forecast accuracy and in realized
sales revenue for the SME farmers.
As a result of this joint cooperation, the first Arabized
agriculture Enterprise Resource Planning (ERP) system
will be implemented in Egypt. ERP is a software system
that helps companies better manage relationships with
their suppliers.
Without NAED's support, this project would not have
been possible at this time said SEKEM's managing director,
Helmy Abouleish.
NAED's support to SEKEM will complement IFC existing
financial support. In January 2003, IFC committed a
five million dollar loan to SEKEM to expand its production
of organically produced pharmaceutical products, fruits,
vegetables, and textiles.
Launched in April, NAED is a regional technical assistance
program operating in Algeria, Morocco, and Egypt, co-funded
by IFC and donor countries, including Belgium, France,
Italy and Switzerland.
The focus of the facility in Egypt includes improving
SME access to finance; supporting intermediary organizations;
linkages between SMEs and large firms; and improving
the business-enabling environment for SMEs.
Czechs to Build
Sugar Plant Source: Middle East Economic
Digest, October 17, 2003
Prague-based Technoexport (link
here) has signed an 80 million Euro ($93.1 million)
contract with the local/Kuwaiti Port Said Arabian Sugar
Company to build a Greenfield sugar beet processing
plant in Port Said.
The facility is due to come on stream in 2006 with capacity
of 7,000 tons a day. Cairo is aiming to reduce its dependency
on sugar imports and the local Sugar & Integrated Industries
Company announced that it was aiming to boost domestic
output, primarily through an increase in sugar beet
output.
Ministry of Civil
Aviation Unveils Development Plan Source: Middle East Economic
Digest, October 10, 2003
The Ministry of Civil Aviation has drawn
up a $235 million program for the development of the
civil aviation sector over the next three years, which
involves the upgrade and expansion of four international
airports in the south and east. A further $51 million
has been set aside for a two-phase scheme to set up
an operational database system in Cairo and a central
control center to link six regional airports to the
capital.
The details of the program were announced shortly after
companies applied to pre-qualify for the estimated $350
million-400 million project to build a third terminal
for Cairo International Airport, for which the majority
of funding is expected to be secured from the World
Bank (link here).
With the exception of Cairo terminal 3, the largest
project in the expansion program involves construction
of a new international airport at Borg al-Arab. The
$100 million project, for which preliminary designs
have been drawn up by the US’ Aarotec (link
here), will involve construction of a single terminal
capable of handling 2,000 passengers an hour, a 3,500-metre-long
runway, an apron for 14 aircraft, a control tower and
a second terminal and an apron capable of accommodating
up to three cargo aircraft.
The project was originally tendered on a build-operate-transfer
(BOT) basis in October 2001, but was postponed due to
lack of international interest. Negotiations are now
under way with the Japan Bank for International Cooperation
(link here)
over a loan for the scheme. Egyptian Airports Company
chairman Mohammed Refaat said a mission from Japan would
be arriving at the end of October for more investigations,
after which the tender could be issued, but this will
not be for some months.
The program also involves the upgrade and expansion
of three airports at Luxor, Sharm el-Shaikh and Hurghada.
The most advanced of the three projects is the $40 million
Luxor scheme, which involves expanding the existing
passenger terminal to 14,000 square meters from 9,000
square meters, as well as building a new transit hall,
refurbishing the existing check-in hall, increasing
the number of aircraft stands to 33 from 27 and strengthening
the runway and taxiway. The government-funded project
is being carried out by Arab Contractors (Osman Ahmed
Osman & Company) (link
here) and is scheduled for completion in 2005.
Hurghada airport is also due for an estimated $50 million
upgrade, which will include construction of a new terminal
building and apron with capacity for 25 aircraft. The
airports holding company is finalizing designs and assessing
costs before setting a time-scale for the project.
The other project is the expansion of Sharm el-Sheikh
international airport. The World Bank has indicated
it is prepared to finance most of the costs of the $44
million scheme, which includes the expansion and upgrade
of existing facilities and the construction of a new
38,885-square-metre terminal with six gates for international
arrivals and departures and one gate for domestic flights.
A World Bank appraisal team is scheduled for a meeting
with the Ministry of Civil Aviation on December 8, 2003.
Preliminary designs have been drawn up by Beirut-based
Dar al-Handasah (Shair & Partners) (link
here) (AmCham Member), which is also acting as consultant
on the Cairo Terminal 3 Project. Expressions of interest
are due on November 12 and a full tender is expected
to be issued in January.
Mubarak Inaugurates
Marsa Alam Tourist Resort Source: Al Alam Al Youm, October
25, 2003
President Hosni Mubarak recently inaugurated
a new tourist resort at Marsa Alam on Egypt’s Red Sea
coast for scuba divers and sailors.
Accompanied by several ministers, Mubarak toured the
international airport of Marsa Alam, built to serve
the remote resort in Southern Egypt.
Kuwaiti businessman Nasser Kharafi through the Kharafi
Group (AmCham Member) is the main investor in the $1.2
billion resort including hotels, private residences,
shops as well as two marinas, which will accommodate
1,000 yachts. Three luxury hotels have already opened.
Marsa Alam should attract pleasure boats from the region,
in particular Gulf Arab states, and serve as an alternative
diving resort to places like Sharm al-Sheikh in the
Sinai Peninsula, said those involved in the project.
The international airport, which opened in 2001, is
managed by the French company Aéroports de Paris (ADP)
(link here). It is
Egypt’s first Build, Operate and Transfer (BOT) project,
as well as the first involving a private operator.
Jacques Follain, the managing director for international
operations at ADP said the airport expected 230,000
passengers this year and more than 300,000 in 2004.
The airport will serve an area of 100 kilometers around
Marsa Alam, particularly the resort at Kosseir.
Follain added that the Kharafi Group hopes to develop
further activities in Egypt, especially in Luxor, Hurghada
and Sharm al-Sheikh.
● The Dispatch Building, Contracts & Purchases
Department of the East Delta Electricity Production
Company (EDEPC) issued an international tender on
October 18, 2003. The request is for offers from international
manufacturers to implement the combustion turbine
generators & auxiliaries package for the New Talkha
750 MW combined cycle power station project. The job
involves design, fabrication, furnishing, delivery,
installation, training, testing, start up & commissioning
of 2 x 250 MW [ISO] gas turbine generators & auxiliaries,
2 main & 2 auxiliary transformers, one diesel generator
& one overhead crane including all mechanical & electrical
works required to place the units into successful
simple cycle operation. Design of the units shall
include provisions for future operation as a combined
cycle power plant. Bidders are required to submit
as part of their offer an option for financing of
the foreign currency portion of their bids from international
financing agencies. Specification fees are $2,000,
and the bid bond is $2,000,000. Deadline for the submission
of offers is December 18, 2003.
Wastewater
● The Agricultural Services Project in East
Delta of the Ministry of Agriculture & Land Reclamation
issued an international tender on October 23, 2003.
The request is for international offers from eligible
bidders as specified in the International Bank for
Reconstruction & Development (IBRD) guidelines for
the supply & installation of El Radwan & Tenth of
Ramadan sanitary drainage water treatment stations.
The job goes under funding from International Development
Agency (IDA) & the International Fund for Agricultural
Development (IFAD). Participation is open to all bidders
from eligible source countries as defined in the guidelines.
Specification fees are LE500, the bid bond is LE105,000
and the performance bond is 5%. Deadline for the submission
of offers is December 8, 2003
● The Cashier of the Egyptian Public Authority
for Drainage Projects, General Directorate for South
Minya Drainage Projects issued an international tender
on October 18, 2003. The request is for international
offers for the rehabilitation of subsurface [tile]
drainage networks in the catchment area of Tona El
Gabal zone serving 4,100 feddans of land. The job
goes under International Bank for Reconstruction &
Development (IBRD) funding. The bidder is obliged
to fill all tables in the tender documents including
bills of quantities BOQ1, BOQ2 & BOQ3. Bids including
those tables not duly filled shall be rejected. Specification
fees are LE700, and the bid bond is LE80,000. Deadline
for the submission of offers is December 10, 2003.
Medical
● The Contracts & Purchasing Department of
the Ministry of Health & Population, General Secretariat
issued an international tender on October 19, 2003.
The request is for international offers for the supply
of instruments & machines for the Central Department
for Dental Medicine. Specification fees are LE200,
the bid bond is worth LE47,000 and the performance
bond is 5%. Deadline for the submission of offers
is November 19, 2003.
Compiled by: Business Studies & Analysis Center
E-mail: Studies@amcham.org.eg
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