Egypt’s NUCA, Saudi’s Fas Energy sign MoU to set up waste-to-energy facility in 10th of Ramadan

The New Urban Communities Authority (NUCA) has signed an MoU with Saudi-based Fas Energy to set up a waste-to-energy facility in 10th of Ramadan City, according to a Housing Ministry statement. No details were provided on the cost or capacity of the facility. NUCA will allocate a land plot to the Saudi company under a 25-year usufruct or leasing framework. We noted last October that the Fas has plans to invest USD 420 mn in solar and waste projects in Egypt, USD 325 mn of which were said to be earmarked for “waste recycling projects.”