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FinancialNews


  • 12-09-19

    Phase 1 of Egyptian telecom network to begin

    (MENAFN) Phase one of a telecommunications network project in Egypt was announced to be ready for commencement by the communications ministry.

    The telecommunications network project is valued at USD2.44 billion and is planned for launch in a new capital city that is being established east of Cairo.

    A deal on the project was penned between the ministry and the Administrative Capital for Urban Development (ACUD) in order to commence the project for a six-month period.

    Egypt will be presenting through the first phase which will be extending 168 square km ministries, residential neighborhoods, a diplomatic quarter and a financial district.

    MENAFN1209201900450000ID1098995539

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