MORE SOLAR + WIND PROJECTS? The New and Renewable Energy Authority (NREA) will run studies on the suitability of almost 27k sq km of land for renewable energy projects, reports AlArabiya, citing unnamed government sources. The studies will kick off in January and are being funded by the World Bank and GIZ.
THERE’S MORE LIFE YET IN YOUR OLD PHONE- The government-backed e-waste management startup e-Tadweer signed an MoU with France’s Cordon Group for an EUR 5 mn project that will recycle electronic devices for export, according to a press statement picked by Al Mal. The first phase of the project targets an output of 500k refurbished products a year with EUR 50 mn in trading volume.
** Check out our deep-dive into e-Tadweer’s interesting business model and Hardhat exploring private-sector involvement in the waste management industry.
GOLDEN LICENSES FOR HEALTHCARE- The governmentis considering adding healthcare to its list of sectors that are eligible for golden licenses. (Al Borsa)
SUGAR RESERVES UPDATE- The country’s strategic sugar reserves are sufficient to last almost eight months, Supply Minister Ali El Moselhy was quoted as saying by Al Ahram. His remarks come following a press report citing a government official putting reserves at 5.5 months prior to the drawdown of 240k tonnes to bridge shortages.
TWO MORE HOTELS- Hospitality group HelnanInternational Hotels wants to open two new hotels in Alexandria and the North Coast by the end of 2024, with a capacity of 550 rooms. (AlMal)
HAINAN AIR COMEBACK- China’s Hainan Airlines is planning to return to Egypt after over a decade of absence with three weekly Cairo-Shenzhen flights starting 21 January. (Aviation Week)