CORA Energy and Investment Secures EGP 470.7 Million Contract for GennVax Egypt Vaccine Plant in SCZone
CORA Energy and Investment has announced winning the contract for the civil, architectural, and electromechanical works of the GennVax Egypt vaccine manufacturing plant, located in the Suez Canal Economic Zone (SCZone) – Ain Sokhna. The total value of the company’s contracted works amounts to EGP 470,713,369, with the potential for additional works worth up to EGP 100 million to be assigned based on project requirements.
The project encompasses the complete execution of the factory’s civil, architectural, and electromechanical works. This includes production buildings, warehouses, water treatment plants, and administrative and service facilities, in addition to exterior finishing. All works will be carried out in strict compliance with the highest quality standards and technical specifications required by the pharmaceutical and vaccine industry.
Commenting on this milestone, Eng. Ayman CORA, Chairman of CORA Energy and Investment, stated: "We are proud to participate in the execution of one of the most vital specialized industrial projects in Egypt, which bolsters the state's efforts to localize the vaccine industry and enhance pharmaceutical security. This project reflects our clients' confidence in CORA’s ability to execute complex projects with the highest standards of quality and commitment. It also reaffirms our continuous investment in the talent and expertise that enable us to deliver integrated engineering solutions, adding tangible value to our clients and the Egyptian economy."
Eng. CORA added: "The pharmaceutical sector is a strategic area of focus for us. We look forward to continuing our collaboration with partners to implement projects that drive sustainable industrial development and align with Egypt’s vision for boosting local manufacturing."
CORA boasts a solid track record in executing specialized industrial projects, particularly in the pharmaceutical sector. The company has successfully completed works for 38 pharmaceutical factories, adhering to the highest technical and engineering standards as well as Good Manufacturing Practice (GMP) requirements. This extensive experience solidifies its standing as a reliable partner for highly complex industrial developments.
This project marks a new milestone in CORA’s portfolio of specialized industrial ventures, specifically within the healthcare and pharmaceutical sectors, further cementing its reputation as a trusted partner for projects with rigorous technical demands.
About CORA Founded in 1997, CORA is an Egyptian enterprise that stands today as one of the premier integrated companies in the energy and construction sectors. With a workforce of over 3,000 employees, the company has successfully delivered more than 1,471 projects. CORA operates in energy and construction under the "CORA Energy" brand, and in agricultural exports as "CORA Agri."
"CORA Energy" has made a significant impact in the realm of sustainable green energy, executing projects that reduce emissions and optimize energy efficiency. The company also excels in the construction sector, particularly in electromechanical works, energy systems supply, building management, and after-sales services. It holds ISO 41001 for Facility Management and ISO 55001 for Asset Management.
Furthermore, the company has expanded into the solar energy sector, earning the Platinum Environmental Sustainability Certificate from the New and Renewable Energy Authority (NREA). Holding licenses for both electricity production and distribution, CORA is uniquely positioned to build, own, and operate power generation and distribution stations directly for consumers.
Meanwhile, "CORA Agri" is currently one of Egypt’s largest exporters of fresh and frozen strawberries. Its packing, wrapping, and freezing operations are conducted in a dedicated on-farm facility designed to world-class standards, ensuring a fully Controlled Supply Chain. The company holds more than 15 international quality certifications and exports its premium produce to over 25 countries worldwide.
