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FINANCIAL NEWS
Suez Canal Project awarded to Bahraini firm
20 Aug 2014
(MENAFN) Egypt’s Suez Canal Authority announced that Dar Al Handasah Shair and Partners, a Bahraini-registered company, has won a bid to develop a huge industrial and logistic hub around the canal, Gulf Daily News reported.
The firm, alongside its Egyptian subsidiary, won the bid after Egypt invited 14 companies to bid for the project including Australia’s Worley Parsons, consulting firm McKinsey & Company and Japan’s Oriental Consultants.
The Suez Canal is known to be the fastest shipping route between Asia and Europe and brings approximately USD5billion in revenue each year.
Dar Al Handasah offers services in design, planning, supervision and management and has done projects across Africa, India and the Middle East.
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