Public Management

Moroccan Houar Enterprise Company wins road construction contracts in Senegal

Moroccan Houar Enterprise Company wins road construction contracts in Senegal
Wednesday, 06 September 2023 05:05

The Moroccan construction firm Houar Enterprise Company has secured contracts worth nearly €100 million (about $108 million) to build two roads in Senegal. According to the Moroccan media Les Inspirations Éco, the first deal worth €70.2 million involves building an 11-kilometer highway connecting Gandon and Saint-Louis in the northwest. This project will be co-funded by the Senegalese government, the Arab Bank for Economic Development in Africa (BADEA), and the Kuwaiti Fund for Arab Economic Development (KFAED).

The second contract focuses on the construction of the "Rice Loop," a 51-kilometer road valued at €29.5 million. Financing will come from the African Development Bank (AfDB).

Both roads are aimed at connecting and promoting economic development in the northern regions of Senegal. Houar Enterprise Company won these contracts against several candidates who participated in an international tender, including the local construction firm Compagnie Sahélienne d'Entreprises (CSE), the Tunisian company Soroubat, and the Chinese groups China Civil Engineering Construction Corp, China Railway Seventh Group, and Weiha International Economic & Technical Cooperative.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.