Egypt to offer trade registry mechanisation project to tender this month

Egypt’s Ministry of Communication and Information Technology will offer a tender on a project to mechanise trade registry deals before the end of this October, an official source in the ministry told Amwal Al Ghad on Tuesday.

The tender was postponed after former Supply Minister, Khaled Hanafy stepped down to be replaced by Mohamed Ali El-Sheikh.

The new minister will not issue this tender before revising all terms of it, the source added asserting that the MCIT is going to hold a meeting to set a date for the tender.

Actual costs of this project are expected to exceed what has been previously expected due to the country’s dollar crisis and the recent application of the value-added tax (VAT), the source added.

In cooperation with Ministries of Finance, Communications, Supply and Internal Trade, the project will be implemented by four main qualified coalition including Dallah Albaraka Group, ALCAN Group, an Egyptian Coalition involving Integrated Technology Systems company and its affiliates and a coalition from UAE. The cost of this project is expected to reach 1.1 billion Egyptian pounds.