Orascom and Smart International School withdraw bid on 200 schools
Orascom Construction-Smart International Schools consortium has reportedly withdrew its bid on a project to build 200 schools, as part of the Public-Private Partnership Programme (PPP). Winning bidders are set to be announced next week, which are expected to include 43 entities. The investment cost of the project is estimated at EGP3bn.
Orascom Construction Limited: EGP99.02 as of 27 Mar. 2017, Rating: Neutral, TP: EGP93.63/share, MCap: USD644mn, ORAS EY/ORAS.CA
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