Egypt, Zawaya ink $500m highway MoU

Osama Saleh, chairman of Egypt's General Authority for Investment has said that Egypt's state Holding Co. for Building and Construction and Sudan's privately owned Zawaya Group for Development and Investment have signed a memorandum of understanding to build a key section of the Cape-to-Cairo highway, Reuters has reported. Under the agreement, a 400km stretch of highway will be built between Aswan in Egypt and Dongola in Sudan at a cost of $500m, Saleh said.