“Egypt is going energy mad,” says the Petroleum Economist. If the Dabaa nuclear power plant project succeeds, Egypt’s long-term electricity needs could be covered, especially since the country is close to being self-sufficient in natural gas, as Zohr is due to come onstream end of the year. President Abdel Fattah El Sisi invited his Russian counterpart to come to Egypt for the signing of the final Dabaa contract, at a date yet to be announced.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…