Cairo – Mubasher: Elsewedy Electric Company inked an agreement with UAE's Modon Holding as part of the development of the Ras El Hikma project.
The two parties will join forces to supply building materials to the project, according to a bourse disclosure.
Meanwhile, the potential scope of Elsewedy Electric in terms of values, duration, products involved or any specified dates for the definitive agreements has not yet been negotiated between both parties.
Last month, the EGX-listed firm concluded a power generation station with a total capacity of around 1,200 megawatts (MW).
Modon Holding teamed up with Burjeel Holdings to operate and manage healthcare facilities and services in Ras El Hekma City.
