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INFRASTRUCTURE-
Some USD 3.2 bn worth of PPP infrastructure projects on offer by the end of year: The government plans to invite bids for over USD 3.2 bn worth of projects before the end of the year, Zawya quotes Director of the Finance Ministry's public-private partnership (PPP) unit Atter Hannoura as saying at the PPP MENA Forum in Dubai on Tuesday (here and here).
The details: The projects include 15 desalination plants with combined investments of USD 3 bn — the unit will open the bidding door for two of the plants, one in Dabaa and one in El Hamam with investments of USD 210 mn in the fourth quarter of the year. The government will also be opening the bidding door for a PPP for a USD 95 mn wastewater treatment plant in Sixth of October City next week, a USD 10 mn investor service center, and 22 schools across the country worth USD 60 mn before the end of the year.
VENTURE CAPITAL-
Two new venture funds for Beltone Venture Capital? Beltone Holding’s venture capital arm Beltone Venture Capital is looking into establishing two startup-focused investment funds with a targeted investment volume of USD 50 mn, subsidiary CEO Ali Mokhtar told Asharq Business, with one fund to target acquisitions in Africa and the second to target investments in the MENA region.
