Economic News

MedicCleanAir: main supplier to Ministry of Health of Saudi Arabia of mobile air purification devices

Belgian company MedicCleanAir (Antwerp) has been appointed by the Ministry of Health of the Kingdom of Saudi Arabia as main supplier in the fight against the deadly MERS / CORONA VIRUS. MedicCleanAir air purification and isolation devices are being used to isolate infected patients and to clean the air from fungi, bacteria and viruses, including MERS / CORONA virus. The last 5 years were highlighted by intense cooperation with the Ministry of Health; exchanging knowledge, education to infection control departments in all areas of the Kingdom, visits to critical areas, testing procedures, and other forms of collaboration.

Jan De Nul Group acquires jack-up heavy lift vessel

On Tuesday 15 September, Jan De Nul Group signed the taking-over of the offshore jack-up crane vessel Vidar, formerly operating for the German company Hochtief. “With the Vidar in our fleet we considerably extend our specialized services for the installation of offshore windparks,” says Peter De Pooter, Manager Offshore Renewable at Jan De Nul Group.

The jack-up vessel Vidar is less than two years old and was specifically built to install offshore windparks. The vessel is one of the largest of its kind in the world. The large cargo deck space and payload and the lifting capacity of its crane up to 1,200 tonnes enable swift and safe installation of the heaviest foundations and other components of offshore windparks. The vessel is 140 m long and is equipped with four legs to lift itself above the sea level for stable working without impact of the waves. The vessel can install all kinds of foundations, as well as the latest generation of wind turbines, in water depths up to 50 m.

Egypt inaugurates the New Suez Canal

On 06 August 2015, Egypt inaugurated a major expansion to the Suez Canal. “Creating the new canal, parallel to the existing Suez Canal, has doubled the longest possible parts of the waterway, and has therefore facilitated traffic in two directions. As a result, waiting time for transit has been eradicated entirely for up to 50 vessels per day. Moreover, the additional channel allows double the traffic to transit per day. The canal expects to see around 97 vessels pass through per day by 2023. Prior to the project, the canal saw an average of just 49 vessels per day.

These advancements are set to boost Egypt’s economy by almost doubling its trade income. The entire Suez Canal Zone will eventually be built out into a fully developed economic landscape, supporting multiple skills-led industries, providing an additional one million jobs for Egyptians. The New Suez Canal will increase its revenues from US$5.3 billion per annum to $13.3 billion by 2023.”

Source: http://newcanal.suezcanal.gov.eg/

Huge natural gas deposit found off Egypt's coast

Italian energy group Eni has discovered a supergiant gas field in the Egyptian offshore, which is the largest ever found in the Mediterranean Sea.

This natural-gas find could hold a potential of 850 billion cubic metres of gas covering an area of about 100 square kilometres. Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural-gas finds. According to Eni “this exploration success will give a major contribution in satisfying Egypt’s natural gas demand for decades”.

“Egypt has still great potential. This historic discovery will be able to transform the energy scenario of Egypt in which we have been welcomed for over 60 years” said ENI’s CEO Claudio Descalzi in a statement when the field was publicly announced.

Tractebel: 10 years of activity in Jordan

During a reception organized in the framework of a Belgian Economic Mission, joint initiative of the Arab-Belgian-Luxembourg Chamber of Commerce, Brussels Invest & Export and the Walloon Export & Foreign Investment Agency, Tractebel Engineering GDF Suez celebrated its 10 years of active presence in the Jordanian energy sector. It started in 2005, when the Jordan Ministry of Energy & Mineral Resources called on Tractebel Engineering for several gas transmission missions.

Jordan Build 2015 and REBUILD Gaza 2015

The Jordan International Building, Construction and Engineering Industries Exhibition 2015 "Jordan Buid 2015" and Rebuild Gaza Summit 2nd Edition "REBUILD Gaza 2015" will be held in Amman, Jordan on 9th-12th November 2015.

JORDAN BUILD, one of the largest specialized exhibition in Jordan, is an annual International exhibition devoted to the fields of Building, Construction and Engineering. It has been organized annually since 2007 in cooperation with Jordan Construction Contractors Association and the Jordan Ministry of Public Works and Housing.

JORDAN BUILD 2015 is the industry's biggest building show in the region dedicated to bringing together industry leaders to tackle the challenges they face and come up with solutions that will ensure the continued success of the industry and development of the region. Jordan build attracts about 5000/7000 visitors yearly since 2006.

Contact person: Mrs. Muna Alkam, General Manager of AlRawe'a Global Exhibition Establishment (This email address is being protected from spambots. You need JavaScript enabled to view it.)

Entrepreneural Finance @ Crowdsourcing week: 23 October 2015

The Entrepreneurial Finance @ Crowdsourcing Week 2015 offers business opportunities between European SME’s and investment companies to facilitate cross-border financing.

The Matchmaking Event takes place at the European Fair for Entrepreneurial Finance
organised as part of Crowdsourcing Week 2015.

For whom?

• All entrepreneurs and leaders of startups and innovative companies
• VC’s, Business Angels, Investors, Crowdfunding platform

Focus

• Stimulate European entrepreneurship and investment in European SMEs
• Facilitate cross-border financing and single market for investment
• Promote best practices in financing and growth initiatives from across Europe

For more information and registrations, please visit the website, or contact Mr. Jean-Philippe Mergen (BECI), This email address is being protected from spambots. You need JavaScript enabled to view it. or +32 2 210 01 77