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Infrastructure 
Scatec’s USD 600 mn Obelisk solar project reaches financial close
The project in Nagaa Hammadi holds the mantle of being Africa’s largest under-construction solar power plant
AfDB commits USD 184 mn to Obelisk solar and battery project
The recently approved funding will account for nearly a third of the project’s entire investment cost
Scatec breaks ground on Obelisk solar and battery storage project
The project will be built in two phases and will be fully operational in the second half of 2026
United Foundries Company eyes USD 10 mn foundry to more than double output. PLUS: Sarwa Ins. + Zamalek SC, Beyti, Hilton, Huawei, Scatec, Ostoul Capital
The company plans to explore the US markets, with around 83% of production earmarked for export
Scatec inks PPA with EgyptAlum for 1.1 GW solar plant
The renewables player is hoping to break ground on the project in the next 12 months
Scatec and EgyptAlum ink PPA for 1.1 GW solar project + 200 MWh battery storage
Hello all you wonderful people, and happy end of the workweek. We have a brisk issue for you today, with…
Cabinet grants Scatec golden license for USD 600 mn, 1 GW solar project
The news clears up some confusion as to why Scatec’s project to power EgyptAlum seemed to abruptly double in size…
Arab Organization for Industrialization to set up tire manufacturing city with unnamed Chinese partner
The first tire factory in the city will kick off operations within a year
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