France's EDF picked to build Egypt plants

Article Abstract:

The Egyptian Electricity Authority has contracted Electricite de France International SA to construct two 650-megawatt power generating facilities. The contract will cost approximately $900 million. The plants will be built under the build, own, operate and transfer (BOOT) system. EDF will also provide power to the Egyptian Authority for the entire 20-year contract period for a rate of 2.37 cents for every kilowatt hour.

Comment:

Egyptian Electricity Authority contracts co to construct two 650-megawatt power generating facilities

New orders received, Egypt, Heavy Construction, Except Highway, Power and Communication Transmission Line Construction, Electric Utility Constructn, Abstract, Electricite de France International SA, Electric utility construction

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MGM hopes Dubai partner will open new doors

Article Abstract:

United Arab Emirates holding company Dubai World will buy a 9.5% stake in MGM Mirage for approximately $5 bil in a deal that will also give it an equal partnership in the CityCenter project MGM Mirage is constructing on the Las Vegas Strip. MGM Mirage's link with Dubai World will provide access to the holding company's wealthy international clientele base.

Marketing procedures, Financial management, Commercial Buildings, HOTELS AND OTHER LODGING PLACES, United Arab Emirates, Eating and Drinking Places, United States, Economic aspects, Finance, Marketing, Company investment, Investments, International aspects, Holding companies, Hospitality industry, Commercial construction, Company marketing practices, Company financing, MGM Mirage Inc.

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U.S. developer stirs fuss in France

Article Abstract:

The article discusses the new 41-story tower in Paris at La Defense, developed by Hines of Houston, and the difficulties the company faced in developing the office building.

France, Contracts & orders received, Office Buildings, Office construction, Hines (Houston, Texas), Hines France

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