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
Sweden’s development-finance institution, Swedfund, is investing USD 10 million in Solar Saver as part of a USD 60 million equity raise. The funding...
Chad unveils  $30B "Chad Connection 2030" plan to cut poverty, boost growth Strategy includes 268 projects across infrastructure, social,...
Sonko rejects IMF-backed debt restructuring, calls it national humiliation IMF suspended $1.8B program amid $11B hidden debt, 132%...
“Chad Connexion 2030” aims to mobilize $30 billion for 268 projects The plan targets 2.5 million people lifted out of poverty by 2030 GDP...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Africa is projected to supply up to 9% of the global rare earths market thanks to announced mines, p...

U.S. Stays Course on African Rare Earths, Despite China Deal
04

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
05

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
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.