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FINANCIAL NEWS
Sinoma Intl’ signs deal with Egypt Defence Ministry at USD 1.17bn
16 Jun 2016
(MENAFN) Sinoma Intl’ Engineering Co. proclaimed that it had signed an agreement worth USD 1.17bn with the Egyptian government.
Additionally, Egypt is the top cement producers with a while production capacity of 70mn tons of clinker, while recently the cement industry accounts for 3.7 Pct.
The new project will be launched in Beni Suef, which will include camp construction, a mining platform and a mining crusher plant.
On the other hand, half of the whole deal’s amount of USD 1.17bn, involving financial costs, which made up 34.72 Pct of the revenue, will be paid in euros.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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