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Last night’s talk shows were electric with talk of EV charging points
Our friends at Infinity Power currently have 700 charging outlets spread across 170 stations in 14 governorates, Fouad added.
Scatec and Orascom Construction-led consortium allocated land for two wind farms that will generate 8 GW of energy
The two wind farm projects will bring in some USD 9 bn in FDI
Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for…
What are Egypt’s targets and spending plans for the green economy in FY 2024-25?
The gov’t aims to generate 20% of its electricity from renewables in the coming fiscal year
Kastour teams up with China’s Foton to assemble electric buses. PLUS: Ashry Steel, Radwan, Mylerz, SODIC, RMBV
The buses will go to both public and privately-owned public transportation providers and the two companies
IFC’s Sustainable Banking and Finance Network upgrades Egypt’s sustainable finance rating
The SBFN attributed the upgrade to “collaboration among Egypt’s financial regulatory bodies” to promote sustainability
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