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Egypt to see EUR 77 mn from Germany
The agreements came during the first Egyptian-German Cooperation day
MNT-Halan enters the UAE market with Halan Advance launch. PLUS: Hassan Allam Utilities + ACWA Power, Somabay + Taqa Arabia, AMEA Power, Monoprix + TMT
MNT-Halan has a target of building its customer base in the country to 250k by the end of next year
Saudi’s Al Mousa Cables eyes Egypt expansion with EUR 50 mn factory. PLUS: World Bank, African Development Bank, Eva Pharma, Beach Safari
The first phase of the project is set to begin operating in mid-2025
IFC commits USD 300 mn to sustainability bond issuance, USD 155 mn in green financing to Orascom Development, USD 150 mn to the CIB for SME on-lending
IFC subscribed to the bond with USD 300 mn, while ERBD and BII each invested some USD 100 mn in…
Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
Egypt is in line for funds from the Green Climate Fund
The Green Climate Fund approved funding proposals for three multi-country sustainable development programs totaling USD 2.7 bn
SCA unveils package of incentives to boost yacht tourism. PLUS: News from AOI, DisrupTech, GB Capital
The incentives include a discount on fees
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