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Orascom, Metito reach financial close for Abu Dhabi desalination project. PLUS news from Dar and Acacia, Banque Misr, Alameda, Siemens Healthineers
The USD 2.2 bn project includes a 500k cbm/day desalination plant and a 75-km water pipeline
France’s Engie has another USD 3-5 bn in investment for Egypt in the pipeline
Egypt currently constitutes 60% of Engie’s investments in the region
Smart technology can deliver the Middle East’s new sustainable cities
By 2050, an estimated 80% of the world’s population could be living in urban areas
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Cairo-Alex freight rail bypass tender to launch in 1Q 2024
The railway bypass will allow freight trains to travel between Alexandria port and the Sixth of October dry port
IFC could lend USD 125 mn for Damietta Port cargo terminal
This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders
How do real estate developers see the way out of the crisis?
Real estate players really want more from the CBE + gov’t to help them overcome adverse economic conditions
What the markets are doing on 19 September, 2023
Orascom Construction’s board of directors approved paying out dividends of USD 0.275 per share on its FY 2022-2023 earnings, payable…
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