Geography of Egypt

AI Technology Leader Predicts Suez Canal Global Supply Disruption will Cost $45 Billion in Coming Quarter

Retrieved on: 
Thursday, April 1, 2021

DALLAS, April 1, 2021 /PRNewswire-PRWeb/ -- ClearPrism today released new analysis showing the total impact of the Suez Canal disruption on U.S. companies will cost up to $45 billion in negative economic impacts in 2Q 2021.

Key Points: 
  • DALLAS, April 1, 2021 /PRNewswire-PRWeb/ -- ClearPrism today released new analysis showing the total impact of the Suez Canal disruption on U.S. companies will cost up to $45 billion in negative economic impacts in 2Q 2021.
  • The artificial intelligence (AI) technology leader's latest research details the supply chain recovery impacts on critical industries including defense, construction, healthcare, manufacturing, and oil and gas, and outlines how companies can prepare for future events.
  • "The economic impact due to the one week disruption of oil alone, just one of the 10 commodities held up in the Suez Canal, will cost up to $28 billion in the coming quarter," said Ralph Welborn, Ph.D. (Cognitive Science) and Co-Managing Partner, ClearPrism.
  • "While most analysts will be projecting something in the neighborhood of a $10 billion impact from disruption in the oil industry, our data shows it will actually be almost triple that.

Hill International Selected as Project Manager for the NAC and 6th of October City Monorail Lines Project in Egypt

Retrieved on: 
Wednesday, September 23, 2020

Hill International, Inc. CEO Raouf Ghali said of the award, This is an exciting project for all involved, and represents the continuing strength of the North African market in general and Egypt in particular.

Key Points: 
  • Hill International, Inc. CEO Raouf Ghali said of the award, This is an exciting project for all involved, and represents the continuing strength of the North African market in general and Egypt in particular.
  • Built by Egypts National Authority for Tunnels, the estimated U.S. $4 billion project represents the first monorail project in North Africa and, once complete, will be the longest monorail system in the world at a combined 98.5 km.
  • The second line will be 42 km long to connect 6th of October City to Giza.
  • These are the first mass transit links to connect Greater Cairo with New Capital City and 6th of October City.

Emaar Launches Super-exclusive Marassi Bay Villas in Egypt for Luxurious Beachfront Living by the Mediterranean Sea

Retrieved on: 
Tuesday, September 25, 2018

Marassi Bay in Egyptis a limited collection of luxury villas inspired by French Riviera living, along the Mediterranean coast.

Key Points: 
  • Marassi Bay in Egyptis a limited collection of luxury villas inspired by French Riviera living, along the Mediterranean coast.
  • Situated along Sidi Abdel Rahman Bay, Marassi Bay is showcased for customers across Emaar's international sales centres, and marks one of the most prestigious launches by the company globally.
  • Marassi Bay is a part of the Marassi Emaar mega-development by Emaar in Egypt.
  • Emaar's global launch of Marassi Bay follows the interest the company has gained for the recent reopening of the historic Al Alamein Hotel in Marassi.

Emaar Launches Super-exclusive Marassi Bay Villas in Egypt for Luxurious Beachfront Living by the Mediterranean Sea

Retrieved on: 
Tuesday, September 25, 2018

Marassi Bay in Egyptis a limited collection of luxury villas inspired by French Riviera living, along the Mediterranean coast.

Key Points: 
  • Marassi Bay in Egyptis a limited collection of luxury villas inspired by French Riviera living, along the Mediterranean coast.
  • Situated along Sidi Abdel Rahman Bay, Marassi Bay is showcased for customers across Emaar's international sales centres, and marks one of the most prestigious launches by the company globally.
  • Marassi Bay is a part of the Marassi Emaar mega-development by Emaar in Egypt.
  • Emaar's global launch of Marassi Bay follows the interest the company has gained for the recent reopening of the historic Al Alamein Hotel in Marassi.

Emaar Reopens Historic Al Alamein Hotel in Egypt After Retro-themed Facelift in Record Time With Investment of EGP 1.5 Billion

Retrieved on: 
Thursday, July 26, 2018

The historic Al Alamein Hotel in Egypt has officially reopened after a major facelift by Emaar Hospitality Group that makes it amongst the finest resorts along the Mediterranean.

Key Points: 
  • The historic Al Alamein Hotel in Egypt has officially reopened after a major facelift by Emaar Hospitality Group that makes it amongst the finest resorts along the Mediterranean.
  • "The refurbishment of Al Alamein Hotel is an example of our determination to offer a hotel that is on a par with, or rather superior to, world-class resorts," said Mohamed Alabbar, Chairman of Emaar.
  • "We strive for nothing less than the highest global standards for our customers and our developments in Egypt, including Al Alamein Hotel, with its renovation cost at EGP 1.5 billion."
  • Al Alamein Hotel is part of a thriving residential and tourist community Emaar is developing in Marassi, the company's flagship Mediterranean landmark in Egypt.