Qalaa holdings subsidiary TAQA Arabia’s power arm — TAQA Power — will provide energy solutions to luxury real estate project Eighteen in Islamabad, Pakistan, according to a press release (pdf). The long-term agreement entails designing and building a distribution network, in addition to a power source that includes both backup generation and solar plant. The real estate development is a joint venture between Egypt’s Ora Developers, Saif Group and Kohistan builders.

Other things we’re keeping an eye on this morning:

  • Transport Minister Kamel El Wazir discussed railway sector cooperation with Deutsche Bahn representatives, including possible investments in the operation and management of railway systems and the establishment of a tourist transport and sleeping trains company.
  • The French Agency for Development (AFD) is providing Abu Qir Fertilizerswith EUR 15 mn for a new urea production plant.
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