The Armed Forces’ Engineering Authority is set to establish four water desalination plants in cooperation with a German and a French company, Authority chairman Kamel El Wazir said, according to Al Mal. Three plants in East Port Said, Alamein, and Galala will each have a capacity of 150k cubic feet per day. The fourth in the north west of the Gulf of Suez in Ain Sokhna will produce 164k cubic feet per day. The project, which the authority says is the biggest desalination project in Egypt, is set to be completed in 2018.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…